DDOS Attack Map: What Websites & Areas Are Affected?
Comment of the Day

October 24 2016

Commentary by Eoin Treacy

DDOS Attack Map: What Websites & Areas Are Affected?

This article from Heavy.com dated Friday and written as if in real time may be of interest to subscribers. Here is a section:

A huge DDOS attack has been under way off and on since this morning, sending hundreds of popular websites offline. A third DDOS attack of the day was reported around 4:30 p.m. Eastern. The Distributed Denial of Service wasn’t against specific websites, but against Dyn, Inc., which provides Domain Name Server services. At the time of publication, Dyn was still investigating and mitigating attacks against their infrastructure. A number of outage and attack maps have been shared online, including the one above, which can give you a better idea of just how widespread the problem has been.

As of 4 p.m. Eastern, there were still numerous outages being reported. DownDetector shared a map of outages from Level3 Communications, which offers telecommunications services to business customers, on its website here. the map shows outages all across the United States.

A live outage map for Twitter shows the problems decreasing in the United States, but building in other parts of the world. Netflix, another company reporting problems, is showing similar results.

Eoin Treacy's view

It took longer than usual to upload the audio on Friday because this denial of service attack was underway and service providers were struggling to combat the attack. You might have had difficulty accessing sites, not least this one, and will understand how aggravating the whole experience is from a customer’s perspective. The effect of course is magnified for companies that rely on the internet to conduct their business and is even more of a nuisance for those attempting to manage servers.

A number of subscribers sent in this news story covered in both Reuters and Bloomberg, describing how the blockchain has for the first time been used to record a shipping/trade transaction across international boundaries. Financial firms are rapidly moving ahead with distributed ledgers and a blockchain infrastructure that works without the constraints of bitcoin’s limited supply.

By targeting the ordering and shipping of commodities, in this case cotton, across international borders Wells Fargo and CBA are seeking to streamline a morass of paperwork and loopholes that supports a large number of small and medium sized logistics businesses.  That should be good for global trade, not least by dropping the cost of moving goods around, but it will also increase the burden on servers that will need to communicate with one another via the distributed ledger system.

One of the factors holding back interest in cybersecurity shares is the cost of being hacked is just not high enough for companies to feel compelled to act in pre-emptive manner. As attacks become progressively more audacious and more and more trade moves from paper onto the cloud and blockchain the cost of cyberattacks to business is likely to also rise. That suggests one of the most expedient ways of investing in blockchain may be via cybersecurity shares.

The Purefunds Cyber Security ETF has returned to test the region of the 200-day MA in what has been an equal sized reaction to those posted in April and June. A sustained move below $26 would be required to question medium-term scope for continued upside. 

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