St George affected by E*Trade DDoS too

St George affected by E*Trade DDoS too

Summary: The E*Trade outage experienced by ANZ during the Christmas period has had a flow-on effect to St George's online-trading service, Directshares.

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TOPICS: Security, Banking
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The E*Trade outage experienced by ANZ during the Christmas period has had a flow-on effect to St George's online-trading service, Directshares.

(dragon image by devra, CC BY 2.0)

ANZ recently confirmed that its trading platform had come under a distributed denial of service (DDoS) attack during the festive season. As St George's Directshares platform is provided by E*Trade, its overseas customers were also affected by the outage.

E*Trade, ANZ and St George have not been able to determine who is behind the attack or its motivation, but St George has now confirmed that the overseas traffic block was put in place as this was where the attacks were coming from.

St George estimates that potentially affected overseas customers would have represented less than 1 per cent of its customer base.

Westpac, which merged with St George in December 2008, runs its own trading platform, and was not affected.

Topics: Security, Banking

Michael Lee

About Michael Lee

A Sydney, Australia-based journalist, Michael Lee covers a gamut of news in the technology space including information security, state Government initiatives, and local startups.

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