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Countries enhance regulatory security

News Updates 23 June 2016_html_298d7fe8The central banks of Indonesia and South Korea are enhancing security on their public-facing websites following cyberattacks and distributed-denial-of-service (DDoS) disturbances reported initiated by hacking collective Anonymous. Ronald Waas, deputy governor of Bank Indonesia, said the central bank was forced to block 149 regions that do not usually access its website, including several small African countries. He said there is regional cooperation between central banks. Those who have gotten hit are sharing their experiences. He added that no money was lost in the attack and instead the hackers used DDoS tools in an attempt to force the bank’s website offline. These tools – readily for sale on the dark web – send waves of internet traffic towards a server to disrupt its normal operations. The central bank of South Korea also noted at least one DDoS attack on its website in May but officials maintained that no harm was done.

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