Forex brokers brace for DDoS hacker attacks

Security threats - password theft

Foreign exchange brokers have been ramping up their security efforts against cyber attacks, as hackers become more sophisticated in their efforts to force electronic trading systems offline.

In December last year, a series of distributed denial of service (DDoS) strikes – attacks that aim to suspend a web-based offering, usually by inundating the target with communications requests – against US banks prompted the Office of the Comptroller of the Currency to issue a security warning. And in the s

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