Fri, Aug 29, 2014
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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Institutions – Texas Employees sets 2015 tactical plan for alternatives, CalPERS' real estate consultant cautions the pension fund's investment committee, Why Sunsuper likes hedge funds[more]

    Texas Employees sets 2015 tactical plan for alternatives From PIOnline.com: Texas Employees Retirement System will invest in up to four new hedge funds in the next fiscal year, which begins Sept. 1. Trustees approved 2015 tactical investment plans for the hedge fund, private equity and in

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest