NYSE not susceptible to takedown like New Zealand exchange

By Steve Zurier for SC Media
Saturday, August 29, 2020

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While most security experts were skeptical this group could launch a successful attack on a major exchange, there were security experts who thought the attack on the New Zealand exchange could be the start of much larger attacks.

“This may be a rehearsal of a major attack targeting NASDAQ or the London Stock Exchange amid the craziness going on the global stock markets,” said Ilia Kolochenko, founder and CEO of ImmuniWeb “I don’t think that major cyber gangs have their own interest in, or were hired by someone to conduct a DDoS capable of repeatedly shutting down the New Zealand exchange. But even a daily outage of NYSE can lead to multibillion losses around the globe, and probably even some bankruptcies and countless lawsuits.”

Kolochenko added that DDoS attacks are hard to investigate, and most of their authors enjoy skyrocketing profits. He said during the pandemic, the average price of bots used for DDoS has fallen, and will probably become even more affordable. Read Full Article