Cyber Claim Scenario – Denial of Service Attack

Cyber Claim Scenario – Denial of Service Attack (DoS attack)

In January 2012, Australia’s second-biggest online broking business, ANZ Bank’s ETrade, was forced to shut down over the New Year period by a denial of service attack launched from overseas. Following the attack, access to the site was unavailable for some customers for nearly two weeks

Former Woodside Petroleum CEO Don Voelte warned in 2011 that cyber attacks were a major concern and that the company had been attacked “from everywhere”, particularly Eastern Europe, Russia and China.

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What is a Denial of Service Attack?

A denial of service (DoS) attack is an incident in which a user or organization is deprived of the services of a resource they would normally expect to have. In a distributed denial-of-service, large numbers of compromised systems (sometimes called a botnet) attack a single target.

Although a DoS attack does not usually result in the theft of information or other security loss, it can cost the target person or company a great deal of time and money.

Typically, the loss of service is the inability of a particular network service, such as e-mail, to be available or the temporary loss of all network connectivity and services.

A denial of service attack can also destroy programming and files in affected computer systems.

In some cases, DoS attacks have forced Web sites accessed by millions of people to temporarily cease operation.

Can you insurer against a Denial of Service Attack?

Some insurers offer Cyber Insurance to cover Denial of Service Attack.

However it’s not a in all policies, if your unsure speak to one of Insure 247’s brokers on 1300 046 787

Source AIG



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