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To: Morpher who wrote (7987)2/24/2000 11:56:00 PM
From: hasan syed  Read Replies (1) | Respond to of 12617
 
WSJ(2/25): Web Trading Halted At NY Broker After Site Attack

By Lee Gomes
Staff Reporter of The Wall Street Journal

National Discount Brokers Corp. said its online trading operation was shut

for over an hour yesterday due to complications after the Web site appeared

to have been hit by a "denial of service" attack.

Customers of the New York-based discount-brokerage operation didn't have

access to their Web accounts between 12:45 p.m. and 2 p.m. EST, said Dennis

Marino, the company's chairman, though telephone trading was still

available.

Mr. Marino said the company's site, ndb.com, was running roughly half as

fast as normal for most of the morning. Technicians noticed that two

Internet locations were sending an inordinate amount of traffic to its site.

But in attempting to repair the situation, company engineers inadvertently

took the site down. And while it normally takes just a few minutes to get

the site running again, Mr. Marino said the process yesterday took more than

an hour, for reasons having nothing to do with any attack.

"In trying to avoid any further impact to our operations, we zigged when we

should have zagged," he said.

Mr. Marino wouldn't disclose the locations of the two computers identified

as sending the unusually large amounts of traffic but said the information

had been turned over to the Federal Bureau of Investigation.

National Discount Brokers is in the top 12 of all discount traders. Mr.

Marino said that when the site is the busiest, about 5,000 customers are

using it.

The FBI and other investigators are still looking into the much bigger

denial-of-service attacks launched earlier this month against Yahoo! Inc.,

eBay Inc. and other major Web sites. In such attacks, malicious computer

users surreptitiously take over scores of computers and then use them to

flood a target Web site with more Internet traffic than it could possibly

handle. The site usually shuts down as a result.

Most of these attacks have been launched from computers running the Unix

operating system, which are common in university settings, and computers at

several West Coast colleges have been identified as intermediaries in the

earlier assaults. But in recent days, security experts said they have

noticed an increase in denial-of-service tools written to run on

Windows-based computers.

Jed Pickel, technical coordinator with the Computer Emergency Response Team

at Carnegie Mellon University, said a Windows version of a denial-of-service

tool known as "trinoo" has been found on computers in multiple locations in

recent days. The software had yet to be enlisted in a major attack, said Mr.

Pickel, though he added that could just be a matter of time.

Programs like the trinoo variation are often spread around as e-mail

attachments, said Mr. Pickel, who urged computer users not to run programs

whose origins they aren't sure of.

(END) DOW JONES NEWS 02-24-00

11:41 PM



To: Morpher who wrote (7987)2/26/2000 12:16:00 AM
From: Morpher  Read Replies (1) | Respond to of 12617
 
SEC Probing Possibly 'Serious' Day-Trading Abuses

bloomberg.com



To: Morpher who wrote (7987)2/26/2000 12:16:00 AM
From: Morpher  Read Replies (1) | Respond to of 12617
 
NYSE, Nasdaq Tell Member Firms to Review Lending

bloomberg.com



To: Morpher who wrote (7987)2/28/2000 12:04:00 AM
From: Dan Duchardt  Read Replies (1) | Respond to of 12617
 
Morpher,

Perhaps the other Dan had you looking at the wrong link. This is the one that comes up blank for me.

bloomberg.com

Dan