DDoS attacks have been confirmed that have taken down two credit unions and several large banks’ websites. It’s been proven our entire financial system is vulnerable. While stealing personal information doesn’t seem to have been at play, this is a critical concern for the entire financial services industry.
The bland name hides the lethal intent of DDoS when aimed at financial institutions, an event that has become increasingly common as dozens of large banks have recently found their online operations crippled, sometimes for days by highly skilled cyber-attackers.
DDoS getting the press but fraud's getting the attention in the executive suite.
Regulators fiddle while Rome set to burn.
California credit union second to confirm attack from Izz ad-Din al-Qassam Cyber Fighters, purportedly Iran-based.
Temporary takedown of University FCU website in Texas shows credit unions not immune.
Website claims Al-Qassam Group is responsible for taking University FCU's website down for 2 1/2 hours on Thursday.
Question: How well protected against swarming, potentially crippling DDoS attacks are the corporates?
Although relatively unsophisticated, distributed denial of service attacks (DDoS) are fairly difficult to defend against.
ThreatMetrix takes a look at what's in place and what needs to be.