Organizations everywhere should be concerned about DDoS attacks. But most are too focused on compliance to pay enough attention to fraud and security fundamentals, says ENISA's John Walker.
As banking institutions await a new wave of DDoS attacks, one security vendor says it foresaw one rare -but effective - element of these attacks as far back as 2006. What can banks expect to see next?
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.
In the wake of recent DDoS attacks against banks, most institutions are missing a prime opportunity to educate their customers about security, says Gregory Nowak of the Information Security Forum.
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.
Employing cloud computing services could help organizations defend against the type of distributed denial of service attacks that have temporarily crippled the online service of major American banks, says NIST's Matthew Scholl.
Top executives must be transparent with their stakeholders when their IT systems get attacked. Otherwise, their enterprises' reputations could be more severely damaged, says IBM Fellow Luba Cherbakov.
HSBC Holdings, a British multinational bank, is the 10th financial institution to suffer online outages as a result of a distributed denial of service attack in recent weeks. What was the impact of the attack?
BB&T Corp. confirms it's been hit by a DDoS attack, making it the ninth U.S. bank to be targeted in five weeks. The online outage at BB&T comes on the heels of the attack that hit Capital One on Oct. 16.
Download the transcript of this interview in PDF format (sponsored by Corero Network Security)
As DDoS attacks on banks continue, institutions can take immediate steps to lessen the impact on customer experience and reduce fraud risks. Jason Malo of CEB TowerGroup offers insight.
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.
Capital One confirmed it was hit by a second distributed denial of service attack. The hacktivist group Izz ad-Din al-Qassam Cyber Fighters warned about additional bank attacks this week.
The hacktivist group Izz ad-Din al-Qassam launched a series of eight sophisticated DDoS attacks at leading U.S. banks. What lessons have been learned so far, and what additional steps can be taken?
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?
DDoS attacks have existed for years. But the latest wave brings new threats to organizations. How should they defend against these attacks? Ashley Stephenson of Corero Network Security offers insights.
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