The powerful Internet attack that recently crippled scores of South Korean computers in homes and offices may have been the best thing to ever happen to security equipment firms.

It had all the trapping of a major news event: An unprecedented cyberattack that was victimizing the likes of the NYSE Euronext, Nasdaq and top U.S. and Korean banks. Finextra reported, "South Korean intelligence officials believe North Korean or pro-Pyongyang forces are behind the distributed denial of service (DDoS) attacks that have hit dozens of websites over the last few days.

Citing the recent wave of distributed denial-of-service (DDoS) attacks on U.S. and South Korean government sites, Senator Kirsten Gillibrand of New York has proposed legislation to bolster U.S. efforts to work with foreign governments on cybersecurity.

Bangkok, Thailand--Local companies should offer to familiarize the country's cyber police officers with their networks and assist in security training, according to a Cisco Systems Internet security architect.

South Korea has so big a hole in its cyber security that another wave of online attacks will prove to be as devastating as those of last week. First, virtually anybody can mount such attacks. Although government officials suspect North Korea may have been orchestrating these virtual attacks, a gang of teenagers could possibly organize and bring the same amount of damage as a nation can, and with a program purchased online for the same price as a song.

The New York Stock Exchange, Nasdaq and US Bank Web sites are among the victims of a sustained computer attack targeted at American and South Korean organisations. According to reports, South Korean intelligence officials believe North Korean or pro-Pyongyang forces are behind the distributed denial of service (DDoS) attacks that have hit dozens of Web sites over the last few days.

The National Australia Bank (NAB) has warned its customers to beware of new phishing attacks after the bank's Web site was hit by a DDoS attack earlier this week. NAB customers experienced problems accessing the online banking service on Wednesday, according to a bank spokesperson.

Banks are anxiously bracing for another round of possible cyber attacks on their online systems and the personal information of their customers following the recent assaults that brought dozens of Web sites to a standstill.

The distributed denial of service (DDOS) attack that has hit more than two dozen United States and South Korean government agencies and companies since the weekend does not make use of some of the latest developments in malware and was likely developed for this specific attack, according to researchers in possession of the malware source code.

An ongoing distributed-denial-of-service (DDoS) attack is affecting a number of U.S. and South Korean government websites, along with financial institutions, such as the New York Stock Exchange and NASDAQ sites, as well as various military sites and the Washington Post.