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.
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.
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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.
What's missing from remarks by Defense Secretary Leon Panetta, Senate Majority Leader Harry Reid and others is how the stalemate that led to the filibuster of the Cybersecurity Act could be resolved. Will the election make a difference?
"A cyberattack perpetrated by nation states or violent extremists' groups could be as destructive as the terrorist attack on 9/11," U.S. Defense Secretary Leon Panetta says. "Such a destructive cyber-terrorist attack could virtually paralyze the nation."
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.