Tue, Jan 27, 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. Investing - U.S. investors favor currency hedged Europe ETFs as euro tumbles, Quants win back investors as Swiss franc fuels volatility gains, David Einhorn's $7bn hedge fund is loading up on this stock, Hedge fund BlueMountain Capital unveils Ocwen Financial short, claims default on notes[more]

    U.S. investors favor currency hedged Europe ETFs as euro tumbles From Reuters.com: U.S. investors stung by the falling euro who want to stay invested in Europe are turning to exchange-traded funds designed to strip out the impact of the region's currency. The biggest among so-called "cur

  2. News Briefs - Millennials use tech tools to jump into investing, Winklevoss twins to launch bitcoin exchange with FDIC insured deposits, Robertson’s legacy from hedge funds to New Zealand, Real estate managers exploring smaller open-end funds[more]

    Millennials use tech tools to jump into investing It is the Facebookification of monetary investing. From social networking platforms that enable young investors to stick to every other's stock-picking mojo, to internet sites for initially-timers hungry for a piece of the Silicon Valley

  3. Top performing private equity firms you should invest in[more]

    Komfie Manalo, Opalesque Asia: Professor Oliver Gottschalg of Paris-based HEC Business School, also known as Ecole des Hautes Etudes Commerciales de Paris has released his annual ranking of the top performing private equity firms. The 2014 HEC-DowJones Private Equity Performance Ranking

  4. Comment - Why invest in hedge funds if they don't outperform the market?[more]

    From Forbes.com: Hedge funds have always been a bit exotic and an enigma to some, but bottom line they are supposed to produce good returns using a range of strategies including global macro, event driven and relative value (arbitrage). And, sophisticated or high-net-worth individuals (HNWIs) could

  5. Owen Li 'truly sorry' for blowing up $100m of hedge fund’s assets[more]

    From CNBC.com: A hedge fund manager told clients he is "truly sorry" for losing virtually all their money. Owen Li, the founder of Canarsie Capital in New York, said Tuesday he had lost all but $200,000 of the firm's capital—down from the roughly $100 million it ran as of late March. "I take r