Banking DDoS Protection Posts

Overcoming the Cybersecurity Skills Shortage with DDoS Protection that’s Automated

As cyber threats continue to grow, there is also an increasing shortage of trained cybersecurity professionals to defend against those threats. When faced with the dual challenges of the cybersecurity skill shortage and the everyday threat of DDoS attacks, organizations need automated DDoS protection to ensure business continuity and security.

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The Value of Traffic Analytics for DDoS Attacks

Distinguishing DDoS attacks from legitimate traffic, in real-time, is not easy. Many organizations have little visibility into these types of security events and when these events do occur, security analysts are typically left to react to the threats after the damage has been done. Fortunately, there are now solutions available that provide real-time, analysis needed to accurately identify any traffic flows linked to DDoS attacks.

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Cyberattack on UK’s Labour Party Shows Importance of DDoS Protection

Britain's opposition Labour Party suffered two cyberattacks early this week, causing concern from party leaders that cyber criminals can interfere with the election process. The attack appears to be another politically motivated DDoS attack. Incidents like this clearly demonstrate the need to have DDoS protection as part of a comprehensive cybersecurity defense.

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Learning from the Amazon Web Services (AWS) DDoS Attack

Amazon's cloud computing division AWS was hit by an eight-hour distributed denial of service (DDoS) attack on October 22, 2019. Other cloud providers and enterprises would be wise to learn from this incident and take a proactive stance to strengthen their DDoS defenses. If it can happen to AWS, it can surely happen to any organization.

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MIT Sloan Management Review Says the Best Offense is a Good Defense

Those of us in the cybersecurity industry know the Dark Web as a sophisticated hidden marketplace. The Cybersecurity at MIT Sloan researchers recently published a review that describes the many types of cyber attacks that exist in the Dark Web marketplace as well as recommendations to stem the flow of cybercrime, which we have summarized in this blog post.

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UK’s National Cyber Security Centre Issues Denial of Service (DoS) Guidance

The UK’s National Cyber Security Centre recently issued guidance to help organizations understand and mitigate against denial of service attacks. NCSC recommendations have good, basic information, however the guidance is lacking in that it only recommends CDN-based services and it focuses on out-scaling the attacks rather than blocking them.

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Telestar Digital Radio Vulnerabilities Could Enable Another Mirai-Style Botnet

ZDNet recently reported that security researchers discovered serious vulnerabilities in Telestar Digital GmbH IoT radio devices that could allow attackers to easily hijack them. This potential new source of DDoS attacks highlights how important it is for manufacturers to build better security architectures into their IoT devices.

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On the 20th Anniversary of DDoS, Prepare for the Future

July 22, 2019 marked the 20th anniversary of the world's first DDoS attacks. Since then, the nature of DDoS attacks has changed dramatically, and DDoS mitigation defenses have responded in turn. As the 5G era continues to expand, one thing we know for sure today is that DDoS attacks are a damaging problem that won’t go away in the foreseeable future.

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Mirai Botnet Code Targets Corporate Networking Gear

Last month a report from Palo Alto Networks’ Unit 42 revealed that cyber criminals have now evolved the infamous Mirai botnet code to target corporate SD-WAN gear and recruit those assets into harmful botnets. To defend against such attacks, a security system must include comprehensive automated protections against Mirai type attack vectors.

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Banks in Denial over Their Resilience to DDoS attacks

Are retail and investment banks in denial about being adequately protected from the frequent advanced DDoS attacks they’re getting hit with today?

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Bursts, Waves and DDoS: What You Need to Know

A recent Cisco report found that 42 percent of organizations experienced “burst” distributed denial of service (DDoS) attacks in 2017.

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Pundits Speculate: Did Russian Hackers Launch DDoS Attacks on Dutch Organizations?

The Dutch national tax office said its website went offline briefly, for 5-10 minutes. Regardless of how long they were under DDoS attack, those afflicted Dutch organizations should also be concerned about a security breach.

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Cyber Insurance and DDoS Attack Protection

This past spring American International Group (AIG), one of the largest cyber insurance companies, surveyed cyber security and risk experts to gain a deeper understanding of their views of the likelihood and impact of a systemic cyber-attack.

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Increased Risks of DDoS Attacks for Ransom to Businesses

DDoS extortion campaigns are a common tool in the cyber-threat arsenal, and one of the easiest ways for an attacker to turn a quick profit. When service availability is threatened, the victim company needs to consider the potential loss in downtime, revenues and brand damage.

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Meet Corero’s Family of DDoS Mitigation Hardware

If you’re doing research about DDoS protection solutions there are many choices out there, and it can be challenging to find the solution that best fits your organization. Learn about the pros and cons of scrubbing service vs. cloud-based mitigation vs. DDoS mitigation appliances.

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What Bank Executives Need to Know about DDoS Protection

A recent KPMG study showed that 1 in 10 banking executives didn't know if their bank had been hacked. Bank executives need to realize how easily hackers breach networks by using Dark DDoS attacks as a smokescreen.

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Anonymous Launches DDoS Attacks on Banks in "Op Icarus"

Banks across the globe need maximum security not only for their safes and vaults, but also for their networks.

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Benefits of Real-Time DDoS Protection

If your organization is debating the merits of a DDoS protection appliance compared to a DDoS scrubbing service, this blog post offers a short explanation of the key differences between these types of DDoS solutions.

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Breaking the Bank: DDoS Hackers Unleash Their Fury on Financial Institutions

The recent Anonymous DDoS attacks on international banks prove that financial institutions should be more proactive, rather than reactive, in handling DDoS attacks.

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Survey: DDoS Attacks Cause Loss of Customer Trust & Decreased Revenues

We've released the results of our annual DDoS Impact Survey, which polled technology decision makers, network operators and security experts about key DDoS issues and trends that Internet service providers and businesses face in 2016. Nearly half (45%) of the survey participants indicated that loss of customer trust is the most damaging consequence of DDoS attacks to businesses. See our infographic that sums up rest of the survey results!

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Introducing the Corero Virtual Edition (vNTD) Monitor – a DDoS Detection Engine

Last week we announced a new product: vNTD Monitor, which provides the freedom and flexibility to monitor DDoS activity in real-time against any server, application or network. This industry-leading technology provides visibility of attack traffic, intuitive analytics and alerting of DDoS attack vectors targeting a system or workload.

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Financial Institutions Are Seeing DDoS Extortion Campaigns

Several writers on this blog have been calling attention to recent DDoS extortion campaigns. (See DDoS extortion campaigns on the rise and FBI Warning! Businesses Are Threatened with DDoS Attacks Unless Extortion Money Is Paid.) Now the FBI is sending notice to banks and other financial institutions to be on the watch for shakedown attempts....

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New DDoS Warning Issued - Banking Industry Beware

The Federal Financial Institutions Examination Council (FFIEC), today released advisory statements warning Financial Institutions of risks associated with cyber-attacks on ATM's, credit card authorization systems and the continued DDoS attacks against public-facing websites. It is encouraging to see continued awareness and general guidance...

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Watch for DDoS Attacks as a Diversionary Tactic for Other Types of Cyber Crime

Have you heard of a smash-and-grab robbery? In the physical world, it usually refers to a group of thugs who storm a retail store – often a jewelry store or a pawn shop – and smash the display cases with sledge hammers. They grab all the expensive merchandise they can get and run out of the store before shocked store clerks have much...

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Lessons Learned From the Banking Industry DDoS Attacks: Good Advice Worth Heeding

Now that the banking industry has gone through four rounds of very public DDoS attacks, experts are looking at what happened to extract some “lessons learned” to turn this negative into a positive. Even if your business isn’t a financial institution, there’s good advice here that’s certainly worth...

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McAfee Says South Korea Is Cyber Espionage Target

The cyber attack on South Korean banks and media outlets in March was part of a wider four-year military espionage operation against the Seoul government, McAfee Labs said this week. In an analysis of a series of hacking attacks on South Korea since 2009, the security software company said the attackers used a remote-access Trojan to compromise...

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FSOC: Financial Regulators Warn of Ongoing Cyber Attacks

The federal government issued a strong warning to the financial services sector: Beware of cyber threats, according to the recently released 2012 Financial Stability Oversight Council (FSOC) report. The FSOC report, which fulfills a Congressional mandate to describe "significant financial market and regulatory developments, analyze...

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New SEC Filings Show Impact Of DDoS Campaign On Banks

Normally tight-lipped about alleged cyber threats, new SEC filings by some of the nation’s largest banks show how recent Distributed Denial of Service (DDoS) attacks have made an impact. JP Morgan Chase, Citigroup, US Bancorp, Capital One and Goldman Sachs, revealed that they were, in fact, subject to repeated DDoS attacks during the...

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Recent Bank DDoS Attacks Reach New Downtime Levels

The Distributed Denial of Service (DDoS) attacks that have been hammering the commercial banking sector since last Fall have reached a new level of efficiency nearly doubling the amount of collective downtime, according to a new report issued by NBC News. The largest 15 banks were knocked offline for a total of 249 hours during a recent...

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Gartner: Application Layer DDoS Attacks to Increase in 2013

Volumetric, blunt-force attacks will remain the primary type of Distributed Denial Of Service Attack (DDoS) in the coming year, but there will be noticeable growth in the incidence of low-and-slow application layer DDoS attacks, according to new research by Gartner.

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Ponemon Study Provides Insight on Financial Sector DDoS Attacks

Distributed Denial of Service (DDoS) attacks against the financial sector continue to dominate headlines weekly, as hacktivists and criminal syndicates repeatedly target the websites of major organizations. A new study sponsored by Corero and conducted by the Ponemon Institute provides insight into how prepared financial institutions are for the...

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Two-Thirds of Banks Hit by DDoS Attacks in Past Twelve Months

By now most everyone is aware of the Distributed Denial of Service (DDoS) attack campaign targeting nearly a dozen major U.S. banking websites since last fall, but many will be surprised to learn how big a problem DDoS attacks really are for the financial sector. A new study conducted by the Ponemon Institute on behalf of network security provider...

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DoD Proposes Cyber Targeted-Attack Analyzer (CAT) Program

The Pentagon has announced the initiation of a program to develop an integrated threat analysis system that will significantly improve the Defense Department's ability to identify network security vulnerabilities by leveraging the power of Big Data analytics. The Defense Advanced Research Projects Agency (DARPA) Information Innovation Office...

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DDoS Attacks on Banks Could Continue in Perpetuity

Another week, and yet another proclamation from the extremist group Izz ad-Din al-Qassam Cyber Fighters, who vow to continue their Distributed Denial of Service (DDoS) attacks on the websites of several financial organizations in protest of a controversial film. "We have repeatedly stated that removal of the offensive video, INNOCENCE OF...

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Botnet-for-Hire Likely Used in DDoS Attacks Against U.S. Banks

Authorities may be one step closer to uncovering the mechanisms behind the spate of Distributed Denial of Service (DDoS) attacks plaguing the websites of major U.S. financial institutions which began in mid-September of last year. Researchers from Incapsula, a cloud-based website enhancement service, discovered that a recently contracted...

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Hacktivists Estimate DDoS Attacks on Banks to Last Another Year

Have we decided what 2013 will be the year of yet? According to a new threat issued by the extremist group Izz ad-Din al-Qassam Cyber Fighters, the group claiming responsibility for the continued campaign against U.S. financial institutions, it may well be remembered as being the year of the Distributed Denial of Service (DDoS) attack. According...

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Weaponizing Mobile Devices for Use in DDoS Attacks

The lack of adequate security on the majority of mobile devices makes them prime targets for malware that can turn smartphones and tablets into platforms for launching distributed denial of service (DDoS) attacks targeting corporate websites, similar to those that have recently plagued a number of large U.S. banks, according to analysts from a...

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Number of Banks Targeted by DDoS Attacks May Increase

The holidays have passed and it's time to balance the ol' checkbook. But wait... Having trouble accessing your bank's customer portal yet again? It may be a circumstance that we all need to become accustomed to as the extremist group Izz ad-Din al-Qassam Cyber Fighters are threatening to expand the number of financial institutions...

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DDoS Attack Against Banks to Continue into the New Year

Banking customers can expect that the latest wave of Distributed Denial of Service (DDoS) attacks against select institutions will continue into the new year, according to an announcement by the extremist group Izz ad-Din al-Qassam Cyber Fighters, who renewed operations against the financial sector two weeks ago after having ceased the attacks for...

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Banks Bracing for Another Round of DDoS Attacks

Major U.S. banks are in for another round of Distributed Denial of Service (DDoS) attacks at the hands of Muslim extremist group Izz ad-Din al-Qassam Cyber Fighters, who vowed last week to renew their operations against the financial sector after having ceased attacks for nearly a month. "The past week’s attacks, showed our ability...

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Online shopping is top DDoS attack target, application-layer techniques dominate, Kaspersky reports

Online shopping sites are the leading target of distributed denial of service (DDoS) attacks, according to Kaspersky Labs. An analysis posted on Securelist reports that a quarter of the attacks detected in the second half of 2011 were aimed at online shops, auctions, etc., followed by online trading (20%), online gaming (15%) and banks...

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