Denial of service attacks used to cover up fraudulent bank transfers

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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.

    http://it.slashdot.org/story/11/12/01/0049204/anonymous-threatens-robin-hood-attacks-against-banks

    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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