In the wake of a year of attacks waged against banking institutions by Izz ad-Din al-Qassam Cyber Fighters, the FS-ISAC's Bill Nelson and the ABA's Doug Johnson say the need to regularly update DDoS preparedness is a critical lesson learned.
DDoS attacks launched by hacktivists are often viewed as little more than an interruption to online services. But Terry Ray of Imperva highlights a greater worry hidden behind these attacks.
Izz ad-Din al-Qassam Cyber Fighters says more DDoS attacks against U.S. banks are on the way. This fourth campaign will be "a bit different," the group says. Learn what experts expect.
Cyberthreats, including distributed-denial-of-service attacks, are growing worldwide. So FS-ISAC is expanding its information sharing efforts internationally to help financial institutions counter the threats, says Bill Nelson, the organization's president.
If everyone supports the idea of sharing cyberthreat information, then why is information sharing so difficult? Shawn Henry, a former investigator with the FBI, tells how organizations can clear their biggest hurdles.
U.S. banking institutions are reluctant to acknowledge - much less discuss - ongoing DDoS attacks. But in recent regulatory statements, the nation's largest banks are candid about DDoS and its impact.
U.S. banks are improving efforts to thwart distributed-denial-of-service attacks. But they're struggling to find the balance between informing customers and giving attackers too much publicity.
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.
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