Banking DDoS

Banking DDoS

You need to be aware of Banking DDoS attacks that can be detrimental to your organization. Many businesses have been affected by these attacks and have lost thousands, even millions of dollars.

Many large banks have noted that they have been a victim of banking DDoS which resulted in computer systems, software, and network interference, along with loss of on line services and unauthorized transactions, which resulted in loss of money. Larger businesses have now begun to protect their systems from future attacks.

Now, cybercriminals are starting to go after small to medium size businesses which are more vulnerable. Your business needs to prepare to defend itself from future banking DDoS attacks, by updating your security systems, and procedures. Attacks on businesses' computer systems are increasing, and businesses' need to continue to develop and enhance its controls and processes to protect themselves.

Some of the techniques that are used by these cybercriminals include; disable, degrade or sabotage systems. Since applications change so frequently it is hard to anticipate certain attack methods. This is why your business needs to be diligent about its security protection, using constant monitoring and upgrading.

The problem with banking DDoS attacks
U.S. banks have been pounded by wave after wave of banking Distributed Denial of Service (DDoS) attacks that began in late 2012. Banking DDoS attacks increased in volume, frequency, and sophistication in 2013. With each new wave, the Islamic hacktivist group “Cyber Fighters of Izz ad-Din al-Qassam,” shifted their target from major financial institutions to smaller community banks and credit unions, hoping they would be less prepared.

Banking DDoS attacks are evolving
Since the inception of the banking DDoS attacks, the largest banks have become well prepared, but many smaller community banks and credit unions remain vulnerable because they have fewer resources at their disposal and, as a result, have a harder time defending against banking DDoS attacks. With each attack; however, these groups also increase their knowledge about how to make the next assault more effective.

Defending against a banking DDoS attack
Too many organizations still cling to old defense methods, despite having been let down by them during a real banking DDoS attack. Strategies that once worked to defend against banking DDoS attacks, such as a firewall or router designed to handle DDoS attacks, relying on an ISP or a content distribution network (CDN) to soak up the attack, or simply installing an appliance to eliminate or lessen the impact will no longer suffice.

Complementary Services
Vulnerability Assessment
Penetration Testing
Intrusion Detection and Prevention
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