“Kris Henriksen, BIPS’ CEO, said most of the missing funds were ‘from the company’s own holdings’. The heist, however, was apparently not due to any vulnerability in the code itself. The Copenhagen, Denmark-based company was targeted on 15th November by a massive DDoS attack. Then on 17th November, it was followed up by a subsequent attack that disabled the site and ‘overloaded our managed switches and disconnected the iSCSI connection to the SAN on BIPS servers’. ‘Regrettably, despite several layers of protection, the attack caused vulnerability to the system, which has then enabled the attacker/s to gain access and compromise several wallets,’ the company said.”
http://www.coindesk.com/bitcoin-payment-processor-bips-attacked-1m-stolen/
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