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DDoS Attacks

New York Magazine Goes Offline – Attacker Hates New York City

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New York Magazine was the victim of a DDoS attack just as it intended to publish the stories of 35 women who have come forward accusing Bill Cosby of sex crimes. The attack was originally announced via a Twitter account that is no longer active, Vikingdom2016.

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The apparent lone-wolf hacker called himself ThreatKing. He spoke to the Daily Dot via Skype and explained that the attack had nothing to do with Bill Cosby. Rather, the attack was in response to a recent trip to most populous city in America. He said that he didn’t like the people of New York, and that he’d seen a lot of “pranks gone wrong” there.

But the attacker expressed some political motives as well. According to Newsweek, the following message was previously posted, in audio format, on Vikingdom2016’s Soundcloud page:

We are going to destroy state websites, city websites, agency websites and court websites of the United States. You have took away our country and it’s time to get it back by destroying the United States.

The attack on New York Magazine did no lasting damage, and within 12 hours the website was back to normal functioning, in the early hours of Tuesday morning. Does the message posted to Soundcloud indicate that more serious attacks are on the way from ThreatKing? Share above and comment below.

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5 stars on average, based on 2 rated postsP. H. Madore has covered the cryptocurrency beat over the course of hundreds of articles for Hacked's sister site, CryptoCoinsNews, as well as some of her competitors. He is a major contributing developer to the Woodcoin project, and has made technical contributions on a number of other cryptocurrency projects. In spare time, he recently began a more personalized, weekly newsletter at http://ico.phm.link




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  1. Real Anti-Racist Action

    July 28, 2015 at 4:56 pm

    I see where this guy is coming from. The US-government is the biggest threat to the American people, who have long been conquered by the Federal-Empire, we are all slaves to our Zio-overlords.
    Peaceful actions bring positive change.
    A 180 in change of the government through information and peoples activism will change everything.
    http://antizionistleague.com/
    http://america-hijacked.com/
    http://realzionistnews.com/
    http://constitutionparty.com/

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Cryptocurrencies

Spectre And Meltdown Madness: What It Means For Ethereum

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To anyone who talks in terms of a cryptocurrency bubble, consider the following fun facts. In the short period of a few days following the bombshell announcement of Meltdown and Spectre, crypto prices responded in the following manner:

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Bitcoin +18%

ETH +41%

Litecoin +30%

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In my view, this is clear evidence of a market that is responding rationally to information coming from responsible sources. To appreciate what all the noise is about you must appreciate what Meltdown and Spectre are and why they present a danger to the big companies providing cloud storage for the corporate world.

Once this is clear, then you will better appreciate why Ether’s 41%+ short-term price spike left the others in the dust. But first lets dig into the Meltdown and Spectre situation.

The Secret Got Out

 On January 3 the secret about a new class of security vulnerabilities leaked out to the public. Not only was this seriously bad news but the leak also gave hackers advanced notice before anyone could begin to fix the twin problems.

The degree of seriousness is in the fact that almost all major microprocessor chips are vulnerable. This opens the door to hackers stealing information from personal as well as cloud services.

Researchers claim that Meltdown can be fixed with a patch. Shortly thereafter about every major player announced their patch. But there are two issues here. Will the patches fully solve they problem?

Casting A Cloud Over The Cloud

When a corporation becomes a cloud customer, even the largest share machines with other customers. This is the basic flaw in the centralized structure of cloud storage. Contrast this with the decentralized structure of blockchain technology and you begin to appreciate the force behind the sudden price spike in cryptocurrencies that we highlighted above.

Even though security tools and protocols are designed to separate customers date, the recently discovered Meltdown and Spectre flaws still leave serious vulnerabilities.

Meltdown, hackers could rent space on a cloud service, just like any other business customer. Once they were on the service, the flaw would allow them to grab information like passwords from other customers.

Secondly, reports on cloud services like Amazon, Google and Microsoft claim that it creates as much as 30% slower computation speeds. That clearly won’t make for happy customers.

Jerky NetFlix

Virtually everyone reviewing the situation believes individual computer users are the least vulnerable. That may be true. Hackers are in the hunt for the biggest prize and that would be the big three cloud companies. But how do you think families are going to react if their Netflix stalls and buffers every few minutes?

In the final analysis, the Meltdown flaw affects virtually every computer chip fabricated by Intel in use today. You are talking about 90% of the Internet and business world. But Meltdown is just one flaw.

Spectre is the other flaw and this one is the more insidious of the two. There is no known fix. Intel, AMD and others have claimed how complex a project it would be for hackers to breech the Spectre vulnerability. That is pretty hollow comfort. After all, hasn’t the FBI security been breeched. Those guys were supposed to be airtight.

Boom Days For Blockchain

In so many ways, last year marked a tipping point in the spread and acceptance of blockchain technology. The uses for Bitcoin are probably best gauged by its record $20,000 price in December. For Ethereum, it may have been marked by the formation of the Enterprise Ethereum Alliance (EEA) in February and rise to over 300 members at year-end.

No sooner has 2018 begun that the Meltdown and Spectre flaws created unexpected excitement for investors in cryptocurrencies. If I were a software salesman out of work, I would be sending my resume to every crypto company offering to peddle their blockchain. It could be the easiest job since selling web design services in 1995.

The Ethereum platform with its smart contracts is not the only crypto capable of addressing this newly uncovered opportunity created by Meltdown and Spectre. You can safely bet this will attract many players and for good reason, today’s blockchain technology is a long way from fast enough for mass adoption. Blockchain security may be a step or two better in it present form than cloud storage, but it has its security issues as well.

Building the Ethereum Moat

 EEA founder Jeremy Millar is clearly a brand ambassador for Ethereum. He believes that CEOs hear the chatter about blockchain and are pre sold not having a clear picture what can be accomplished or the money saved using this technology. The important thing is for IT departments to have a respected brand to attach to their recommendations.

The EEA seeks to connect and inform and through this pioneering process spread the gospel of Ethereum. So far this is beginning to build a brand franchise for Ethereum.

The EEA is the largest blockchain body and is committed to using open-source Ethereum technology for enterprise blockchain solutions. EEA expects to see great advances in these areas in 2018 with Ethereum technologies.

It also helps when Wall Street banks uncover the potential for billions in savings on the trading desks through the applications of the Ethereum platform.

So, if you though the last year held plenty of excitement, the Meltdown and Spectre flaws promise to make this year every bit as much fun.

Featured image courtesy of Shutterstock.

 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.4 stars on average, based on 75 rated postsJames Waggoner is a veteran Wall Street analyst and hedge fund manager who has spent the past few years researching the fintech possibilities of cryptocurrencies. He has a special passion for writing about the future of crypto.




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Cybersecurity

The Biggest DDoS Attack of 2016 Was Caused by an Angry Gamer

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October 2016 saw the biggest DDoS attack of the year target a DNS services company called DYN. The massive attack pumped more than one terabit of data per second, crashing the company’s servers. Even tough Dyn attempted to mitigate the attack, major websites such as Twitter, Netflix and Reddit were temporarily taken down.

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Hacked.com reported that one cryptographer called it before it happened, as someone was testing the defensive capabilities of companies who provide core internet services. Even though network-wide outage didn’t occur, it still crashed a part internet in the US.

Now net information came to light. Reportedly, a very angry gamer had a grudge against Sony’s PlayStation Network. Dale Drew, CSO of Level 3 Communications, stated:

We believe that in the case of Dyn, the relatively unsophisticated attacker sought to take offline a gaming site with which it had a personal grudge and rented time on the IoT botnet to accomplish this

Drew didn’t name Sony’s PlayStation Network, but the Wall Street Journal found sources that did.

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As it turns out, one gamers’ grudge was enough to take down a few major websites. It might seem odd, but the IoT brought vulnerabilities that allow hackers to create entire armies with the use of botnets – in this case, the Mirai botnet.

How One Individual Crippled the Internet

According to Forbes, the individual found hackers on a dark net criminal forum selling access to huge armies of IoT devices infected with the Mirai botnet. The angry gamer paid $7500 for temporary access to the powerful cyberweapon. Then, in an act of revenge, he aimed its “cannons” at Dyn.

Mikko Hypponen, Chief Research Officer at F-Secure, even said on Twitter the ad for the Mirai botnet was on the Alpha Bay form. Alpha Bay is a very popular deep web market, that surged in popularity after Silk Road’s era.

The attack on Dyn was close to the world DDoS record, which was accomplished against OVH, a French hosting provider. The record was at over 1 terabit per second, little above the DDoS attack that recently crippled the internet.

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Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.8 stars on average, based on 4 rated postsCryptocurrency enthusiast, writing about financial freedom and the future of money




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Cybersecurity

Botnet DDoS Attacks More Sophisticated Than Ever

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DDoS

 

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A new report by security firm Kaspersky Lab has revealed that as many as 67 countries’ resources and installations have been targeted by botnet-based DDoS attacks, in Q3 2016 alone.

The world received a rude jolt of the increasing threat of cyberattacks when DNS provider Dyn was targeted in an unprecedented DDoS attack in October 2016. That cyberattack was caused from a botnet that included IoT (Internet of Things) devices like surveillance cameras and routers. Suffice to say, the DNS blackout was undoubtedly the most notable DDoS-induced disruption in a growing trend of botnet-assisted DDoS attacks.

A new report by Kaspersky Lab has now revealed that servers used for such attacks have seen a considerable increase. So too, has the number of sophisticated DDoS attacks emanating from encrypted traffic.

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A staggering majority of the targeted resources (62.6%) by botnet DDoS attacks were located in China, in a continuing trend. China, the United States and South Korea, in that order, see the unfortunate distinction of leading the charts in both – the number of DDoS attacks and the number of targets. While China and South Korea saw the number of victims decrease, the number of attacks on resources located in the U.S., Russia and Japan has increased.

Still, despite the decrease in the total number of attacks registered, China remains the country with the most targeted sources. One particularly popular Chinese search engine saw 19 mammoth botnet-DDoS attacks while one Chinese internet provider bore the brunt of the longest attack in the entire quarter, clocking a total of 184 long hours. That’s over a week of one sustained DDoS attack!

The report also revealed another notable takeaway, with Linux botnets increasing even further, with 78.9% of all detected attacks in Q3 2016 stemming from Linux botnets.

“Smart” Attacks on the Rise

Attacks using encryption of transmitted data, typically known as “smart” attacks have also grown in number. A smart-attack usually targets parts of the website that are heavy on scripts, leading to an increased load when compared to other parts of the website. For instance, a smart attack would typically target a relatively small number of queries toward a search form, with an encrypted connection. Since the attack uses low intensity encrypted traffic, they usually escape the mitigation filters employed by specialized DDoS protection providers.

Elaborating on these attacks, Kirill IIganaev, head of Kaspersky DDoS protection stated:

This method is growing in popularity because amplification attacks are becoming more complicated and inefficient for cybercriminals.

Furthermore, IIGanaev points to the concentrated effort in moving websites away from the traditional HTTP protocol to a more secure, encrypted connection standard like HTTPS.

He added:

All this suggests that the number of encryption-based attacks will only grow, meaning developers have to immediately start revising their anti-DDoS protection measures, and owners of web resources need to take a responsible approach to choosing a security solution.

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Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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Samburaj is the contributing editor at Hacked and keeps tabs on science, technology and cyber security.




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