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bne October 2021 Companies & Markets I 21
Russia’s Yandex beats off the largest DDoS attack in history
Stephen Bierman in Moscow
The international listed Russian tech giant Yandex said it beat off the largest distributed denial-of-service (DDoS) hacker attack in the history of the internet, Reuters reported on September 10.
Hackers tried to flood its servers with messages and crash the system in August and September, the company said. The assault started in August and reached a record level on September 5.
"Our experts did manage to repel a record attack of nearly 22mn requests per second (RPS). This is the biggest known
E-commerce in Russia is booming, but the race has only just begun
Ben Aris in Berlin
E-commerce in Russia is booming and only accelerating. Several factors are driving the business that is growing five times faster than the real economy. But online
retailing is still at a very early stage, Mikhail Burmistrov,
the CEO of Russia’s leading e-commerce analytical company INFOLine-Analytics told bne IntelliNews in an exclusive interview. The potential for growth remains enormous, and the leading companies are throwing themselves into expanding as fast as they can to capture a slice of what is already a multi- billion-dollar business while it is still up for grabs.
Most important is that real incomes have begun to rise again after about seven years of stagnation, thanks to the economic bounce-back following the coronacrisis of last year.
Nominal wages increased by 11.7% in July and despite the
attack in the history of the internet," Yandex said in a statement as cited by Reuters.
Yandex said it had seen 5.2mn RPS on August 7, 6.5mn RPS on August 9, 9.6mn RPS on August 29, 10.9mn RPS on August 31 and finally 21.8mn RPS on September 5.
US cybersecurity firm Cloudflare, which is widely used by businesses and other organisations to help defend against DDoS attacks, said in August the largest DDoS attack it was aware of reached 17.2mn RPS earlier this year.
current high rate of inflation of 6.5% that still translates into a gain in real wages of 4.3%. Indeed, real wage growth has been in the black since the start of this year; nominal wages rose
to RUB58,782 in June, or $758 per month in dollar terms, up from $666 in January.
The lockdowns of last year have also catalysed e-commerce as millions of Russians were forced to shop online for the first time, but having got the habit are unlikely to stop now the shops are open again. Most of the leading retailers
have reported that sales were not badly affected by the pandemic and reported double-digit growth in online sales, with the market leaders like Ozon, Wildberries and the top supermarket changes reporting sales growth breaking into the triple digits. Online sales of food products in Russia in particular tripled in 1H21 to RUB149bn ($2bn).
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