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Laughing All The Way To The Bank –DDoS Bank Cyber Attacks On The Rise

Lorna Fimia

How can banks protect themselves from DDoS attacks?

Distributed Denial of Service (DDoS) attacks in all sectors are becoming increasingly frequent; a 2018 study by Link11 found there were on average 102 attacks per day between April and June of this year. For banks, in particular, this is a worrying statistic due to the sensitive nature and sheer volume of private customer credentials they hold in their systems.

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UK Financial Sector Must Build Operational Resilience To Counter Cyber Threats

Lorna Fimia

In a 2018 report by McAfee and the Centre for Strategic & International Studies (CSIS), it was found that cyber-crime has a global impact of $600 billion every year on businesses, through everything from losses due to system closures to reputation damage. This has affected many companies, with an attack now being a very real possibility for a lot of organizations.

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