Swiss Dukascopy Bank was a target of a distributed denial-of-service (DDoS) attack yesterday, a company spokesperson shared with Finance Magnates’ reporters. The server crash prompted a number of the brokerage’s clients to take to social media in order to establish what the issues were with the website and the demo and real accounts servers of the firm.

Additionally, the company detailed that the outage lasted an hour and thirteen minutes.

A company spokesperson stated to Finance Magnates reporters, “As you may know yesterday starting from 12:31 GMT to 13:44 GMT Dukascopy servers were down due to a DD0S attack.”

The DDoS attack was successfully mitigated and we expect that it will not be repeated

“The DDoS attack was successfully mitigated and we expect that it will not be repeated. Protection measures have been implemented, including enabling third party services specializing on such kind of threats.”

As stated above, the company has turned to a third party contractor in order to alleviate the risks associated with any further DDoS attack.

Financial services institutions are frequent targets of DDoS attacks, however the companies most frequently suffering are banks or credit card payment gateways.

In the earlier stages of online business, threats about DDoS attacks have been unlawfully used by some outfits to blackmail their competitors. Our reporters have heard about similar criminal practices remaining in play in more recent cases in the industry. Both binary options providers and brokers have been targets of similar attacks in recent years.

As for Dukascopy, it is business as usual on the company’s platforms today, while the euro is hitting fresh 1-month highs against the U.S. dollar and the British pound.