TweakTown
Tech content trusted by users in North America and around the world
6,139 Reviews & Articles | 39,451 News Posts
Weekly Giveaway: Win an Antec Case, PSU and Cooler (Global Entry!)

Banks must work to mitigate against DDoS attacks, new rule orders

New rule forces banks and financial institutions to take DDoS defense more seriously, and to improve securities so customers are more secure

| Hacking & Security News | Posted: Apr 6, 2014 11:15 am

The Federal Financial Institutions Examination Council (FFIEC) recently released a security notice of required steps that must be followed by banks and financial institutions operating in the United States. All banks under federal government regulation have to beef up security and pay attention to distributed denial of service (DDoS) attacks which plague bank servers.

 

TweakTown image news/3/6/36813_01_banks_must_work_to_mitigate_against_ddos_attacks_new_law_orders.jpg

 

Specifically, these companies need to try and mitigate DDoS attacks to the best of their ability, to keep subscribers more secure.

 

"In the latter half of 2012, an increased number of DDoS attacks were launched against financial institutions by politically motivated groups," according to the FFIEC statement. "These DDoS attacks continued periodically and increased in sophistication and intensity. These attacks caused slow website response times, intermittently prevented customers from accessing institutions' public websites, and adversely affected back-office operations."

 

One-third of phishing attacks are aimed towards financial institutions, which is another shocking revelation for security experts.

NEWS SOURCES:M.cio.com

Related Tags

Further Reading: Read and find more Hacking & Security news at our Hacking & Security news index page.

Do you get our news RSS feed? Get It!

Got an opinion on this news? Post a comment below!

Latest Tech News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases