LOIC ("Low Orbit Ion Cannon") is an application developed by 4Chan-affiliated hackers designed to—when used en masse by thousands of anonymous users—launch Distributed Denial of Service (DDoS) attacks on websites. Like Visa.com and Mastercard.com, for instance.
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Source: http://feeds.gawker.com/~r/gizmodo/full/~3/P-kxpl1-nyY/what-is-loic
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