(Ping! Zine Web Tech Magazine) – Prolexic, the global leader in Distributed Denial of Service (DDoS) protection services, announced today that its DDoS detection and DDoS protection services have been selected by Global eSolutions (Hong Kong) Limited, a provider of trading technology that enables fast trade execution via personal computer and mobile devices.
One Global eSolutions client is an online foreign exchange (Forex) and Contracts for Difference (CFD) trading firm headquartered in the U.K. This firm is a fully regulated brokerage in London’s dynamic financial district and leverages the innovative trading technology provided by Global eSolutions. Recently, its Forex trading web site was a target of a DDoS attack after management did not respond to a ransom demand from cybercriminals.
Initially Layer 3 and Layer 4 volumetric floods interrupted web site availability for approximately four hours. A second, more damaging application layer (Layer 7) attack occurred three weeks later, rendering the trading platform almost inaccessible to online traders.
Prolexic has charted an upward trend in Layer 7 attacks against its global client base in its Quarterly Global DDoS Attack Reports. Data shows Layer 7 attacks increasing from 17% in Q3 2011 to 21% in Q4 2011 and reaching 27% in Q1 2012. Interestingly, Prolexic’s most recent attack report for Q2 2012 shows Layer 7 attacks declining to 19% as attackers returned to more common DDoS data floods. A complimentary copy of the Q2 2012 Report can be downloaded at http://www.prolexic.com/attackreports.
Global eSolutions IT technicians detected the DDoS attack when they noticed that the sessions and memory status of the firewall were abnormally high and bandwidth was fully consumed. They found that there were over 80,000 different IPs accessing the network. First, Global eSolutions IT experts tried to block some of the IPs that looked suspicious. When that didn’t work, the firm requested that its two ISPs in Asia black hole the traffic to its site. This action made it impossible for most legitimate traders and users to access the Forex trading platform and other applications, damaging the company’s reputation and customer trust.
“Global eSolutions got caught up in the wave of DDoS attacks that flooded the online financial services industry in the early months of 2012,” said Stuart Scholly, Prolexic’s president. “The large ransom received by one of the firm’s clients indicates that cybercrime against financial companies is only getting more serious and prevalent.”
Today, Global eSolutions has Prolexic’s PLXrouted service in place to provide DDoS protection against attacks on its Forex trading platform and other components of its Internet facing infrastructure. In event of a DDoS attack, all site traffic will be routed to Prolexic’s cloud-based mitigation platform where malicious traffic will be removed. Clean traffic can then be routed back to the site.
“Prolexic has the strongest defense against DDoS so we can give our customers the confidence that our Forex trading platform is secure and available,” said Ramon Chan, systems architect at Global eSolutions. “I would advise other online trading services companies to be proactive and have a DDoS mitigation service in place.”
To learn more, the full Global eSolutions case study can be downloaded from http://www.prolexic.com/pr_globalesolutions.
Prolexic is the world’s largest, most trusted Distributed Denial of Service (DDoS) mitigation provider. Able to absorb the largest and most complex attacks ever launched, Prolexic restores mission-critical Internet-facing infrastructures for global enterprises and government agencies within minutes. Ten of the world’s largest banks and the leading companies in e-Commerce, SaaS, payment processing, travel/hospitality, gaming and other at-risk industries rely on Prolexic to protect their businesses. Founded in 2003 as the world’s first in- the-cloud DDoS mitigation platform, Prolexic is headquartered in Hollywood, Florida and has scrubbing centers located in the Americas, Europe and Asia. To learn more about how Prolexic can stop DDoS attacks and protect your business, please visit http://www.prolexic.com, follow us on LinkedIn, Facebook and Google+ or follow @Prolexic on Twitter.