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DDoS + Breach = End of Business

code_spaces
Reports of data breaches involving extortion attempts are literally becoming a daily occurrence. In this case it led to source code hosting firm Code Spaces shutting its doors:

“[T]he DDoS attack against its servers and unauthorized access into the company's cloud control panel resulted in most of its data, backups, machine configurations and offsite backups being partially or completely deleted.

"Code Spaces will not be able to operate beyond this point," the company says. "The cost of resolving this issue to date and the expected cost of refunding customers who have been without the service they paid for will put Code Spaces in an irreversible position both financially and in terms of ongoing credibility."


Link (and here and here).

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