Denial of service attacks used to cover up fraudulent bank transfers


One Response to “Denial of service attacks used to cover up fraudulent bank transfers”

  1. Jim Saul says:

    This is likely to become a huge hassle.  Is there any estimate of the impact that all ongoing DDOS attacks have on the rest of the web?  Is it a significant amount of the total number of packets?

    Edited to add…

    Just a few stories later on my morning rss reading is slashdot reporting that Anonymous is threatening a Robin Hood campaign against banks by mass donations to charities using stolen credit card information.

    It seems pretty clear that the card holders and the charities would be the ones who’d suffer, not the banks, but it would be a typical Anon strategy to add DDOS to the mix.

    I’ve been writing some fiction in which a primary tactic used between battling high-frequency trading hedge funds is similarly DDOSing (through botnets) the others to create a layer of information lag in markets that opens an arbitrage window.  I guess I’d better just send it out soon before it becomes a standard technique in real life.  It’s suspected to already be a factor in the markets via surges of quote-requests that never develop into transactions.

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