When it comes to fighting DDoS attacks, institutions must understand the threats against them, says Bill Wansley of Booz Allen Hamilton. Varying attack vectors require different modes of detection and prevention.
Do we have any reason to believe that any targeted banking institution will be better prepared next week to ward off a distributed denial of service attack like those that rocked three banks this week?
Regions Bank is the eighth U.S. financial institution apparently targeted by a DDoS attack believed to be waged by the hacktivist group Izz ad-Din al-Qassam. Experts say banks should brace for more attacks on the way.
RSA says 30 U.S. banks are potential targets of a massive Trojan attack, and alleged hacktivists say three more institutions will be hit by DDoS attacks this week. How must banks respond to the latest threats?
Online attacks aimed at major U.S. banks have helped to heighten industry cooperation and information sharing. But experts say not all attacks are equal, and understanding the motivation behind the attack is key.
The FS-ISAC's decision to increase the U.S. banking industry's cyberthreat level from "elevated" to "high" is way overdue, Aite's Julie McNelley and other experts say. Here's how banking institutions should enhance security.