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New Zealand stock exchange hit by series of DDoS attacks
Wednesday, August 26, 2020
A New Zealand stock exchange has been hit by a series of distributed denial-of-service (DDoS) attacks, knocking services offline for two days in a row.
Ilia Kolochenko, founder and CEO of web security company ImmuniWeb, said: “Unfortunately, not much can be done to prevent large-scale and well-prepared DDoS attacks today.
“During the pandemic, the average price of bots used for DDoS has fallen, and will probably become even more affordable. When millions of devices suddenly start a massive attack, it’s a question of network capacity – not really network security.”
He added: “Web applications and APIs should, however, be regularly audited for business logic and architectural security flaws that may consume all CPU/RAM and greatly facilitate a DDoS attack.”
The Daily Swig has reached out to NZX to clarify the impact of the attack and will update this article accordingly. Read Full Article
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