OREANDA-NEWS. The failure of Facebook and other social networks cost the Russian economy about 70 million rubles per hour. Anna Mikhailova, the business development manager of the Angara group of companies specializing in information security, estimated the losses at this amount. Her words are quoted by TASS.

Mikhalova pointed out that the failure indirectly affected the entire Internet infrastructure. "Even telecom operators in Russia have felt an almost spontaneous DDoS attack from users trying to understand what is happening," she said and added that the traffic of accessibility check services has increased several times.

A large-scale failure in the work of social networks occurred on Monday evening, October 4. Facebook resumed work only six hours later. Facebook technical director Mike Schrepfer on Twitter called network problems the cause of failures in the social network.

Amid the failures, Facebook shares collapsed by five percent, the tech giant pulled the American market with it. At the auction on Monday, October 4, the main indexes fell: the S&P 500 index fell by 1.3 percent, the Nasdaq 100 fell by more than 2 percent, the Dow Jones - by almost 1 percent, the NYSE Composite - by 0.73 percent.

It also became known that the Russian business complained of losses due to the failure of social networks. Boris Titov, the Commissioner for the Protection of the Rights of Entrepreneurs under the President of Russia, said that it was too early to give final estimates.