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Oracle Buys Dyn in Wake of Largest DDoS Attack in History

Greg Mooney| November 21 2016

| security

largest-ddos-attackOracle just bought Dyn, the Internet performance services company that suffered the biggest DDoS attack in history just a month ago. This news comes just a few months after Yahoo! disclosed it was the victim of a state-sponsored attack in 2014 resulting in the largest data breach in history, with 500 million customer accounts compromised.

It's something Yahoo! neglected to mention to Verizon who's still in the process of acquiring the former internet giant for $4.8 billion. Although it is reportedly asking for a discount of up to $1 billion.

As much as these events sound similar to each other, they are not the same.

The Tale of Two Deals

Oracle didn't disclose what they paid for Dyn although the price tag has been estimated to have been about $600 million. It's unknown if the DDoS attack on Dyn had any effect on the sale.

Related Article: The Attack of the Internet of Things

In the case of Yahoo!, Verizon currently is still sorting things out after already assessing if they could back out. But despite Yahoo!’s major loss in credibility, a Verizon executive said the acquisition still makes sense. I guess we can assume they are cashing in on fantasy football and Tumblr, or maybe it was too late for Verizon top back off since the deal was already approved by the fed.

These two large deals are shaking up the tech world and are moving forward despite two of the largest digital attacks in history.

The Difference Between a Data Breach and a DDoS Attack

So, what does this mean? Does it mean big business doesn’t care about problematic data security affecting its acquisition targets? In reality you can’t really weigh the two attacks the same. Obviously, a data breach and a DDoS attack are not the same thing.

A data breach means hackers have gotten inside the internal networks of a business and compromised sensitive data, while a DDoS just means a traffic overload for a business' servers.

Related Article: Turning the Yahoo Data Breach Into a Positive for IT

In the case of Dyn, the DDoS attack likely caused a crisis of confidence among its customers, but if the company didn't actually lose any of it's largest customers, the attack may have had little effect on Dyn’s price tag.

So there you have it, two significant buyouts in wake of two significant cyber attacks. If anything, it paints a clear picture that successful hacks that target personal data can make or break a company, while DDoS attacks are more of a major nuisance.

 

Topics: security

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THIS POST WAS WRITTEN BY Greg Mooney

Greg is a technologist and data geek with over 10 years in tech. He has worked in a variety of industries as an IT manager and software tester. Greg is an avid writer on everything IT related, from cyber security to troubleshooting.

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