Slow Mist founder warns of surge in low-cost DDoS attacks on inscription market
Posted: January 2, 2024 10:08 AM Updated: January 2, 2024 10:08 AM
Correction and fact check date: January 2, 2024, 10:08 AM
briefly
The Slow Mist founder said that online marketplaces and wallet applications are facing low-cost DDoS attacks along with cache control (CC) outages.
In recent developments, online marketplaces and wallet applications have faced a surge in low-cost distributed denial of service (DDoS) attacks coupled with cache control (CC) outages.
Yu Xian, founder of Slow Mist, took to social media platform
Xian called these attacks the time-honored “law of the jungle” tactic. He pointed out that in addition to improving service performance, online platforms must invest in defense mechanisms to defend against these destructive attacks.
Cloud platforms offer anti-DDoS solutions, and third-party services such as Akamai and Cloudflare are also available, and the effectiveness of defenses is directly tied to the expertise of technical personnel, he said.
DDoS/CC attacks may seem difficult, but Xian is confident that some attacks are relatively small in scale. He advises not to panic and suggests practical solutions, such as using “iptables” in Linux, to mitigate potential risks. He outlined a note of caution, predicting that the surviving markets will ultimately benefit from the disruption and gain users as others succumb to the onslaught.
As the battle between attackers and defenders continues, the resilience of online services depends on their ability to invest wisely in defense strategies.
Recently, some inscription marketplaces (or similar marketplaces/wallet applications) have been subject to DDoS/CC attacks, which can be said to be very inexpensive. It’s low quality broiler chicken) It’s very disgusting. This kind of attack is very effective, and once a rhythm is established, the relevant service will become very unstable or even unusable, losing many users, and the market that eventually survives will inevitably be able to acquire these users.
DDoS/CC…
— Cos😶🌫️ (@evilcos) January 2, 2024
Cybercriminals are attracted by the potential financial gain from disrupting wallet applications, causing disruption, and exploiting vulnerabilities during service outages. Moreover, the deployment of inexpensive yet effective technologies has made these attacks more widespread.
Wallet applications store sensitive user information. DDoS attacks act as a smokescreen to distract attackers while they attempt to exploit vulnerabilities and gain unauthorized access to sensitive user data.
Wallet application DDoS attack response strategy
As DDoS attacks targeting wallet applications surge, cybersecurity experts are advocating proactive measures to strengthen defenses against these destructive attacks. As online markets grapple with the threat of low-cost DDoS attacks, the need for a robust strategy to ensure service stability and user security has become more urgent than ever.
Using a reputable DDoS mitigation service can provide an additional layer of defense against large-scale attacks. These services specialize in filtering malicious traffic and ensuring the availability of online services. Additionally, strengthening network security measures, such as firewalls and intrusion detection systems, can help identify and block malicious traffic before it reaches your application servers.
Load balancing can help mitigate the impact of DDoS attacks by distributing incoming network traffic across multiple servers. This maintains service availability by preventing a single server from bearing the brunt of an attack. It is also important to conduct regular security audits to identify and address vulnerabilities in your wallet application. This proactive approach helps prevent potential exploits before they can be exploited by malicious actors.
Leveraging the security features provided by cloud platforms and leveraging DDoS prevention solutions can improve your overall resilience to attacks. As the battle between attackers and defenders intensifies in the digital environment, experts emphasize the importance of a multi-faceted defense strategy.
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Kumar is an experienced technology journalist specializing in the dynamic intersection of emerging fields including AI/ML, marketing technology, cryptocurrency, blockchain, and NFTs. With over three years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and providing comprehensive insights. Kumar’s specialty is producing high-impact content including articles, reports and research publications for prominent industry platforms. With a unique skill at combining technical knowledge and storytelling, Kumar excels at communicating complex technical concepts in a clear and engaging way to diverse audiences.
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Kumar is an experienced technology journalist specializing in the dynamic intersection of emerging fields including AI/ML, marketing technology, cryptocurrency, blockchain, and NFTs. With over three years of experience in the industry, Kumar has established a proven track record in crafting compelling narratives, conducting insightful interviews, and providing comprehensive insights. Kumar’s specialty is producing high-impact content including articles, reports and research publications for prominent industry platforms. With a unique skill at combining technical knowledge and storytelling, Kumar excels at communicating complex technical concepts in a clear and engaging way to diverse audiences.