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Non-Tech : GNET invests in NDB. A good fit? -- Ignore unavailable to you. Want to Upgrade?


To: Sarkie who wrote (84)2/25/2000 11:33:00 AM
From: Sarkie  Read Replies (2) | Respond to of 151
 
FOCUS - Web broker NDB.com down, blames hackers

(recasts lead, adds details on hacker attack)
NEW YORK, Feb 24 (Reuters) - National Discount Brokers
Group Inc. said its stock trading Web site was down for
more than an hour on Thursday, due to an apparent computer
hacker attack.
National Discount, a brokerage and share dealer, said its
NDB.com's Web site froze early in the afternoon after it was
flooded with information requests from two Internet addresses.
The company fixed the problem by disconnecting the two Web
addresses and had its site back up by 2.15 p.m. EST, said
National Discount Chairman Dennis Marino.
"It had the earmarks of a hacker attack," Marino said in a
telephone interview. "It appears to be some what similar to the
'denial of service' attacks in that it was a concerted,
concentrated generation of traffic."
Computer hackers earlier this month paralyzed some of the
Web's most popular sites, including those of media company
Yahoo Inc. , online auction site eBay Inc and
online broker E*Trade Group Inc's . Through a practice
known as "denial of service," hackers set up automatic programs
that bombard Web sites with so many information requests that
legitimate users cannot log on.
National Discount initially blamed the outage on technical
problems at the two companies that connect it to the Internet,
PSINet Inc. and Exodus Communications Inc. . A
spokesman for PSINet of Herndon, Va., said National Discount's
problem did not originate at his company. Exodus of Santa
Clara, Calif., declined comment.
The outage meant that National Discount 200,000 customers
could not funnel stock orders through the firm's Web site,
although they could relay orders over the phone.
One NDB.com customer in San Diego, Josh Landess, said he
kept getting error messages as he tried to log on to the site.
"I couldn't get in at all," said Landess, a self-described
day trader. "It looks like there was some hacking going on."
National Discount alerted regulators and law enforcement
agencies to the apparent hacker attack, Marino said, adding he
expected officials to start examining the firm's data shortly.
((-- Financial Services Desk, +1 212 859 1725))