Economics
Iran FX Site Shuts as Cyber Attacks Jump Amid Central Bank Spat
- Bonbast.com tells Bloomberg it decided to take down rial data
- Website was key source of information for Iranians and traders
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Administrators of Iran’s most popular website for tracking the rial’s open-market exchange rate said they took it offline due to cyber attacks and security concerns after criticism from the head of the country’s central bank.
Bonbast.com suffered “severe” distributed denial-of-service attacks following the comments by Central Bank Governor Mohammad Reza Farzin, a representative for the website told Bloomberg in an emailed statement late Wednesday. So-called DDoS attacks involve overloading a target with traffic in order to make it unavailable to users.