Now here is some goods news for the server admins. DDoS protection firm Corero have mentioned that they have found a kill switch which will mitigate this Memcache DDoS issue 100 percent. Corero, says that they have tested its kill switch on the real attacking server and they have got 100 percent success results.
This Memcache issue is been now assigned with the CVE-2018-1000115, which identifies memcached version 1.5.5 as having an "Insufficient control of Network Message Volume vulnerability in the UDP support of the memcached server that can result in denial of service via network flood".
Still there are thousands of the servers which are still vulnerable to Memcache DDoS Attack. Another nasty thing you got to know that, some of the hundereds of the servers still using the older version of the memcache, which is also exploit to Remote Code Execution flaws that could allowed them to be used as part of botnet.