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Old-school hacking cases that cost billions

May 17, 2026 by Andy Monzant

#13: Timothy Lloyd Destroyed Omega Engineering’s Systems With a Logic Bomb (1996)

In 1996, former Omega Engineering employee Timothy Lloyd planted malicious code inside the company’s network after being fired. Weeks later, the program activated and erased critical manufacturing software used for clients like NASA and the U.S. Navy. The sabotage caused nearly $10 million in losses and highlighted the risks posed by insider threats.

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Filed Under: Latest Tagged With: cheapism, infiniteScroll

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