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Bitcoin Enters Top 10 DDoS Targets

Bitcoin Enters Top 10 DDoS Targets

The Bitcoin industry has become one of the top 10 industries most targeted by distributed denial of service attacks, a report has revealed.

According to Imperva’s latest global DDoS report attacks a spike in the number of bitcoin-related sites targeted by distributed denial of service attacks coincided with a spike in the value of cryptocurrency of $4,672.

The report is based on data from 3,920 network layer and 1,755 application layer DDoS attacks on websites using Imperva Incapsula services between 1st July and 30th September 2017.

The data revealed that 73.9% of all bitcoin exchanges and related sites on the Imperva Incapsula service were attacked during the quarter, ahead of the cryptocurrency’s meteoric rise to more than $11,600 in the first week of December.

As a result of the spike the relatively small and young bitcoin industry made it into the top 10 most attacked industries during the three month period, taking eighth spot above the transport and telecoms sectors.

The most-attacked sector was gambling (34.5%), followed by gaming (14.4%) and internet services (10.8%).

Director at Imperva Incapsula, Igal Zeifman, said the large number of attacks on bitcoin exchange sites is a clear example of DDoS attackers following the money.

He said: “As a rule, extortionists and other cyber criminals are commonly drawn to successful online industries, especially emerging ones that are less likely to be well-protected.

“Specifically for bitcoin, the DDoS attacks we mitigated could also have been attempts to manipulate the price of bitcoin and other cryptocurrency, something we know offenders have tried in the past.”

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