As seen on seclists nanog and CERT NZ: "If you have not already seen it, experiences it, or read about it, working to head off another reflection DOS vector. This time it is memcached on port 11211 UDP & TCP. There are active exploits using these ports. Reflection attacks and the memcached is not new. We know how reflection attacks work (send a spoofed packet to a device and have it reflected back (yes please deploy source address validation and BCP 38)."

