Distributed-denial-of-service attacks on U.S. banking institutions will continue, says Akamai's Mike Smith. And he believes the attackers aren't out just to embarrass the banks, but to commit fraud.
BITS, the technology division of the Financial Services Roundtable, says DDoS attacks on banking institutions are likely to continue and offers a seven-point strategy for preparation and response.
In the wake of DDoS attacks aimed at five banks, and a fraud alert from FS-ISAC, U.S. banking institutions are taking several steps, including upping technology investments. What other actions are they taking?
Banking institutions can expect more cyberattacks, including threats from nation-states, as the U.S. elections draw near. So they must take adequate security steps - and clearly explain them to their customers.
Financial institutions are now at high risk of cyberattack, according to the Financial Services Information Sharing and Analysis Center. What can institutions do to protect themselves from new threats?
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