Prolexic Warns of Cyber Attackers Using DDoS Attacks to Influence Stock Prices and Limit Trading

Feb 4, 2014 | Cloud, Data, Security

SOURCE: Prolexic

FORT LAUDERDALE, FL – (February 4, 2014) – Prolexic Technologies, the global leader in Distributed Denial of Service (DDoS) protection services, today shared an analysis of nearly a dozen global DDoS attacks that indicates cyber attackers are using DDoS attacks in an attempt to influence market values and interfere with exchange platforms. The Prolexic Security and Engineering Team (PLXsert) details the findings in a white paper, DDoS Attacks Against Global Markets, which was published today and can be downloaded at www.prolexic.com/ddos-markets.

“Typically, DDoS attacks are launched to fuel public discourse, or for revenge, extortion and blackmail – but that is changing,” said Stuart Scholly, president of Prolexic. “During the past few years in particular, DDoS attack campaigns have posed a significant threat to the financial services industry, as well as other publicly traded businesses and trading platforms. As part of our DDoS attack forensics, we have uncovered a disturbing trend: Many of these malicious attacks appear to be intent on lowering the target’s stock price or currency values, or even temporarily preventing trades from taking place.”

The public image of a global business or financial service is closely associated with its cyber presence. Taking a publicly traded firm or exchange platform offline – and spreading rumors that raise questions about its ability to conduct business online – can create false or misleading appearances. This is a hallmark of market manipulation. Overall, PLXsert found a direct relationship between DDoS cyber-attacks and a temporary change in the valuation of a company.

“A few specific cyber-terrorist groups are responsible for most of these attacks. So far they have not been successful in bringing down an entire major marketplace,” explained Scholly. “But DDoS attacks keep getting bigger, stronger, longer and more sophisticated, so we cannot be complacent. What’s more, the risk goes beyond the actual outage – social media chatter and media coverage can amplify the perceived effect, disruption and damage caused by a cyber-attack campaign.”

The white paper reviews nearly a dozen DDoS attacks and the resulting market movements and provides insight into the malicious actor groups responsible for most of the attacks. The white paper is available to the public at www.prolexic.com/ddos-markets.

About Prolexic

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, energy 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 Fort Lauderdale, 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 www.prolexic.com, follow us on LinkedIn, Facebook, Google+, YouTube, and @Prolexic on Twitter.

 

Top 10 Cybersecurity Stories This Week: PHP2Shell Threatens 5.1 Million Internet-Exposed PHP Servers With Unauthenticated RCE, Eight eMudhra CA Private Keys Cracked From Public Certificates, CISA and FBI Warn SafePay Ransomware Has Hit 600+ Critical Infrastructure Organizations

Top 10 Cybersecurity Stories This Week: PHP2Shell Threatens 5.1 Million Internet-Exposed PHP Servers With Unauthenticated RCE, Eight eMudhra CA Private Keys Cracked From Public Certificates, CISA and FBI Warn SafePay Ransomware Has Hit 600+ Critical Infrastructure Organizations

October 23, 2026 | ITBriefcase.net Why it matters: Tuesday, October 21 delivered one of the heaviest single-day security disclosures of the year: PHP2Shell, GitLab CVE-2026-110264, and Node.js security releases all shipped simultaneously, each carrying unauthenticated...

read more
Top 10 Cybersecurity Stories This Week: Microsoft’s Largest Patch Tuesday Ever Tops 1,411 CVEs With Live Windows Shell Zero-Day, GhostAction GitHub Supply Chain Wave Hits 500+ Accounts and Tens of Thousands of Repositories, Ransomware Smashes Monthly Record at 1,073 Victims in August

Top 10 Cybersecurity Stories This Week: Microsoft’s Largest Patch Tuesday Ever Tops 1,411 CVEs With Live Windows Shell Zero-Day, GhostAction GitHub Supply Chain Wave Hits 500+ Accounts and Tens of Thousands of Repositories, Ransomware Smashes Monthly Record at 1,073 Victims in August

October 16, 2026 | ITBriefcase.net Why it matters: Microsoft's October 2026 Patch Tuesday is the largest software security release in the company's history — 1,411 flaws, three zero-days, 75 critical vulnerabilities, and a live Windows Shell security feature bypass...

read more
Top 10 Cybersecurity Stories This Week: FBI Warns FortiBleed Is Locking Admins Out of Their Own Firewalls, Attackers Hijack Three Country-Code Domain Registries to Obtain 12 Google HTTPS Certificates, ShinyHunters Suspect Arrested in Jordan

Top 10 Cybersecurity Stories This Week: FBI Warns FortiBleed Is Locking Admins Out of Their Own Firewalls, Attackers Hijack Three Country-Code Domain Registries to Obtain 12 Google HTTPS Certificates, ShinyHunters Suspect Arrested in Jordan

October 9, 2026 | ITBriefcase.net Why it matters: The FBI and US Secret Service issued a joint advisory on October 6 confirming that the FortiBleed credential-harvesting campaign — which has compromised credentials for 86,644 Fortinet FortiGate firewalls and SSL VPN...

read more
Top 10 Cybersecurity Stories This Week: Citrix NetScaler Dual Zero-Days Under State-Sponsored Attack, Pentagon DMDC Breach Exposes 3 Million Military Personnel Records for Nine Months, AI Agent Breaches Dutch Vulnerability Disclosure Organization Using Zammad Zero-Days

Top 10 Cybersecurity Stories This Week: Citrix NetScaler Dual Zero-Days Under State-Sponsored Attack, Pentagon DMDC Breach Exposes 3 Million Military Personnel Records for Nine Months, AI Agent Breaches Dutch Vulnerability Disclosure Organization Using Zammad Zero-Days

October 2, 2026 | ITBriefcase.net Why it matters: Citrix disclosed two critical remote code execution zero-days in NetScaler ADC and NetScaler Gateway on September 27 — CVE-2026-88771 (CVSS 9.5, unauthenticated RCE in default configuration, no special setup required)...

read more
Top 10 Cybersecurity Stories This Week: Brevo Supply Chain Attack Serves Malware to 100,000+ Websites via Stolen CDN API Key, Revolut Discloses Breach via Fake Government Requests, Gyazo 23.6 Million User Records Stolen

Top 10 Cybersecurity Stories This Week: Brevo Supply Chain Attack Serves Malware to 100,000+ Websites via Stolen CDN API Key, Revolut Discloses Breach via Fake Government Requests, Gyazo 23.6 Million User Records Stolen

September 25, 2026 | ITBriefcase.net Why it matters: Attackers compromised Brevo — the email marketing and CRM platform used by eBay, Louis Vuitton, Michelin, Amnesty International, and more than 100,000 other businesses — by exploiting a hardcoded, long-lived...

read more