Exness, a forex broker regulated in Belize and Cyprus, announced it has been a subject to an ongoing distributed denial of service (DDoS) hacker attack, which has affected its MetaTrader 4 (MT4) trading servers. It has resulted in slow MT4 connection, but, according to the broker, the clients’ personal data and funds have not been affected in any way.
The attack had apparently started on Tuesday night and has been one of many, which commenced on April 6. Initially the onslaught was aimed at Exness’ website. It caused disruptions in certain functions such as deposits and withdrawals, changing personal information and leverage adjustment in the client’s Personal Area. The full functionality of the website has been restored 24 hours after the start of the attack.
The main goal of a DDoS attack is to make a website or other internet service unavailable to its intended users. It is launched by a botnet, consisting of thousands of infected computers and servers, which simultaneously send millions of access requests to the target, thus “clogging” the normal data flow and disrupting the normal operation of the website or the internet service. DDoS attacks are often targeting sites and services of high-profile institutions such as banks, credit card payment gateways, rendering them useless for hours or even months. A notorious case was the massive DDoS attack against US financial institutions, such as Citigroup, Capital One and HSBC. It was launched by an infected Swedish military server in 2012, lasted for months and back then was considered one of the biggest in internet history.
The forex broker Exness by no means can be compared to those big financial institutions, but is nevertheless a successful broker. Last week it reported that its March trading metrics continue to rise both on monthly and yearly basis.
Recently it became the first forex broker to offer unlimited leverage to its clients.