Businesses Not Prepared for DDoS Attacks
A recent Corero survey found that while most businesses have made investments in basic Internet performance capabilities, they have done little to verify that these capabilities will work if there is a security threat, especially when it comes to protecting themselves against distributed denial-of-service (DDoS) attacks.
Survey: DDos Is Hot, Planning Is Not
Most organizations don't have a game plan in the event of a distributed denial-of-service (DDoS) attack.
Security experts welcome the news that UK banks are preparing to engage in a cyber ‘war game’ in an effort to prepare for the real thing.
The UK financial services (FS) sector is today running a large business continuity cyber-threat exercise called ‘Operation Waking Shark 2’. The cyber-security stress test is being run by a consultancy under the aegis of the Financial Conduct Authority (FCA), Bank of England (BoE) and UK Treasury, and is testing the resilience or otherwise of the shared UK payments infrastructure, including ATMs, and financial market trading institutions.
The information security industry has raised concerns over the UK’s latest test of the financial infrastructure’s resilience to cyber attack.
IT workers say the exercise is a good opportunity to iron out flaws before the UK’s cyber defences are tested to the limits by attackers, but many believe testing should happen more regularly – the last such test was last conducted two years ago. Meanwhile, others say the exercise is lacking in some respects, and have questioned how the organisers are defining cyber attacks.
Hundreds of employees from dozens of financial institutions across London will scramble to deal with a host of simulated cyber-attacks today.
The "Waking Shark II" war games will see bank staff, regulators and government officials gather to play out how they would react to various attacks, such as a hit on stock exchange systems.
A large-scale exercise to test the ability of UK financial organisations to deal with a potential cyber-attack is underway today.
The way that banks and other financial services companies react to a major cyber attack from a large group of hackers has been put to the test in a cyber security exercise carried out in London.
Banks wake up to possible disaster
Banks and stock exchanges in London are simulating a massive internet attack today, with thousands of IT and security staff testing their ability to cope with a series of ‘digital disasters’.
In the quest to detect data breaches more quickly, indicators of compromise can act as important breadcrumbs for security pros watching their IT environments. Unusual activity on the network or odd clues on systems can frequently help organizations spot attacker activity on systems more quickly so that they can either prevent an eventual breach from happening -- or at least stop it in its earliest stages.
Corero Network Security (CNS:LN), a leading provider of First Line of Defense(R) solutions for Distributed Denial of Service (DDoS) and cyber threat protection, has entered into an agreement under the Strategic Alliance Program with Neustar, Inc. (NYSE: NSR), an information services company and leading provider of cloud-based DDoS protection services.
Hudson-based Corero Network Security has become part of a partnership with an information services provider that will provide Corero clients with more protection against growing cyber threats, the company announced today.
Popular source-code warehouse GitHub was back online today after weathering a huge denial-of-service attack throughout the week.
Almost all cyberattacks these days require an element of social engineering. Spammers are always looking for that hot button to induce a click on a link or an attachment. Drive-by artists continually experiment with poisoned banner ads designed to steer the curious into an online dark alley. Spearphishers put together persuasive pitches pretending to be friends or a trusted institution.
WordPress installations sporting known vulnerabilities continue to be compromised by hackers and turned into distributed denial of service (DDoS) launch pads.
Sept. 18 marks the one-year anniversary of Izz ad-Din al-Qassam Cyber Fighters' first announcement about distributed-denial-of-service attacks to be waged against the U.S. financial services industry (see Alert: Banks at High Risk of Attack).
September 11 came, it went and despite the FBI warning to credit unions to be ready for a bump in hostile activities on that anniversary date, multiple experts said they saw absolutely no traffic increase.
Cyber breach notification rules will help end stigma associated with disclosing attacks, says Corero boss
The stigma associated with owning up to having being the victim of a cyber attack will diminish as a result of new rules requiring companies to formally disclose breaches, according to a network security expert.
The sale of data security protection is set to grow sizeably as companies face a legal requirement to report data breaches.
Telecoms providers and internet service providers are now required by EU law to report personal data breaches within 24 hours and these requirements form the basis of further legislation due to be enacted within the next year requiring all companies to report data breaches.
There are those who believe this imposes an impossible requirement on companies.
The threatened fourth phase of distributed-denial-of-service attacks attacks against U.S. banks by the self-proclaimed hacktivist group Izz ad-Din al-Qassam Cyber Fighters has been largely unsuccessful (see: DDoS Attacks Strike Three Banks). But experts believe these hacktivists, or other groups interested in pairing DDoS attacks with fraud, could soon target other sectors that have weaker defenses.