23 November 2016 Current Affairs: Oracle has announced it is buying Dyn, a Web traffic management firm recently hit with a cyber-attack that closed off the Internet to millions of users.
Business software and hardware titan Oracle did not disclose financial terms of the deal to acquire US-based Dynamic Network Services Inc, or Dyn.
Oracle planned to enhance its own offerings with Dyn's expertise in monitoring, controlling, and optimizing cloud-based Internet applications and managing online traffic.
Dyn was the target of cyber-attacks that pounded the underpinnings of the Internet in October, crippling Twitter, Netflix and other major websites with the help of once-dumb devices made smart with online connections.
The onslaught incapacitated a crucial piece of Internet infrastructure, taking aim at a service entrusted to guide online traffic to the right places by turning website names people know into addresses computers understand.
Dale Drew, chief security officer for Level 3 Communications, which mapped out how the October 21 attack took place, told a Congressional panel that the person had rented time on a botnet - a network of web-connected machines that can be manipulated with malware - to level the attack.
Using a powerful malicious program known as Mirai, the attacker harnessed some 150,000 "Internet of Things" (IoT) devices such as cameras, lightbulbs and appliances to overwhelm Dyn systems, according to Drew.
Dyn has more than 3,500 customers including Netflix, Twitter, and CNBC, making tens of billions of online traffic optimizing decisions daily, according to Oracle.