Thu, Apr 2, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Financial firms face significant spike in DDoS attacks, cybersecurity threats

Friday, April 13, 2012

Bailey McCann, Opalesque New York:

Financial firms including funds, banks, exchanges and financial information providers are increasingly under attack from hackers according to new research released this week from Prolexic Technologies, the leading global Distributed Denial of Service (DDoS) protection firm. The firm monitors the internet and cyber networks gathering data on DDoS attacks including location, target and frequency. DDoS attacks are designed to make specific computers or networks unavailable to their users.

Recently, many large firms and some government websites have fallen victim to high profile DDoS attacks. Paypal and Mastercard saw their sites shut down by the attacks which rely on either forcing the target computers or networks to reset, rendering them unusable or flooding the target with waves of fake user requests until the resource overloads and shuts down. DDoS attacks can render their targets inaccessible temporarily or permanently depending on the severity of the attack. Attacks can extend beyond front facing websites, effecting applications and production.

Cyber attacks have risen over the years as more and more sensitive data moves online, creating a variety of high value targets for thieves, activists and benign hackers that thrive on the thrill of getting into areas they aren’t supposed to be in. Financial firms have always been on the target list, but ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Opalesque Roundtable: Emerging managers should avoid chasing 'institutional unicorns'[more]

    Bailey McCann, Opalesque New York: For managers looking to raise a new fund after the crisis, marketing efforts will need to be significantly different, according to delegates at the recent Opalesque Texas Roundtable. "Most of the smaller managers come to the whole fund-raising and marketing

  3. Cohen's private investments deliver strong 7.5% gain in Q1[more]

    From Reuters.com: Billionaire Steven A. Cohen's investments gained 7.5 percent in the first three months of 2015, according to a person familiar with the numbers, helping the former hedge fund manager extend his string of market-beating returns. Cohen's Point72 Asset Management, which invests

  4. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

  5. Opalesque Exclusive: Cyber security and hedge funds: increased awareness, Part One[more]

    Benedicte Gravrand, Opalesque Geneva: If you look at the recent cybersecurity news from Bloomberg, hackers are frightening the people: they steal photos and threaten to expose them, they can break into ATMs, they ha

 

banner