ZENEDGE in the News

Daily News Reports from MIS Asia: Ransom DDOS attacks hit Malaysian financial firms: Experts advise action plan for IT

Stephen Gates, Chief Research Intelligence Analyst at Zenedge, offers opinion on this latest DDoS attack breakout on Financial Firms in Asia:

"DDoS attacks are extremely easy to defeat, when the right defenses are "already" in place. Organizations who have prepared for the inevitable can completely ignore DDoS ransom threats from those who are looking to make a quick profit, from their threats of attack. Those who do pay the extortion demands are adding nothing more than "fuel to the fire" for the rest of us. Implementing the right defenses today is as simple as making a phone call." 

From MIS Asia-The Home of Enterprise in Asia, By Avanti Kumar:

Digital security agency CyberSecurity Malaysia has confirmed that as of Friday (7 July 2017) a DDOS attack has hit four financial firms.

Early reports suggest that the DDOS (distributed denial of service) attacks, which come close on the heels of the recent WannaCry and Petya-variant threats, focused on several online brokerages on Wednesday (5 July 2017) and then on Friday.

Dato' Dr. Haji Amirudin Abdul Wahab (pic below), chief executive officer of CyberSecurity Malaysia, said: "We are investigating, monitoring and working closely with other agencies to mitigate this threat. As of Friday, 7 July 2017, we received a total of four (4) reports on this threat."

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