Swissquote reported a DDoS attack has targeted their server and impacted the accessibility of the company's platforms and services.
Swiss-based online trading platform Swissquote confirmed that its servers were the target of a DDoS attack. This FCA-regulated broker announced on Twitter that the attack had an impact on the accessibility of its platforms and services. The brokerage said the service drop that occurred was the result of triggering defenses from its IT systems and internet providers. Swissquote published the following on its Twitter:
Yesterday and partly today Swissquote experienced a massive DDoS attack.
This affected the accessibility of our platforms and services due to the attack and the defense solution triggered by our IT systems and our Internet provider.The systems are up again but we may still have somes for certain services as the system is going back to normal.
We profoundly regret this disruption and sincerely apologize for any inconvenience. We thank you for your loyalty and support.
Distributed denial-of-service (DDoS) attacks are the cause of interrupting the regular traffic of a server, service, or network by bombarding it with Internet traffic from a group of compromised, interconnected computers. Thankfully, the company says its systems are back up and running, although there may still be for certain services.
The attack was due to the massive data volumes on its platform in addition to the triggers. Nadja Keller, Swissquote’s Media Relations Manager, added that their services are up and running again. Client’s safety is paramount at Swissquote and was never at risk. Swissquote operational procedures are regularly reviewed and kept up to date at all times.