Impact of Successful DDoS Attacks on a Major Crypto-Currency Exchange

Abstract

Distributed Denial of Service (DDoS) attacks provide an easy option for these criminals to disrupt the business of these online platforms. We analyse the economic impact of DDoS attacks on a crypto-currency exchange using event analysis. Our contributions are fourfold: Firstly, we develop an estimation model utilising ideas from behavioural finance to predict volume of crypto-currency traded on the basis of changes in price. Secondly, we perform an event analysis to evaluate whether there is an impact of a DDoS attack on the volume traded on the exchange in 17 different cases. Thirdly, we find that in 13 cases the negative impact due to a DDoS attack is recovered within the same day by the exchange. Finally, we evaluate hourly trade data to show why in most cases the volume traded recovers within a single day. © 2019 IEEE.

Publication
Proceedings - 27th Euromicro International Conference on Parallel, Distributed and Network-Based Processing, PDP 2019