Despite what's now been a two-month break from hacktivists' DDoS attacks on banks, we can expect more assaults from Izz ad-Din al-Qassam Cyber Fighters. And this next wave should concern us all. Here's why.
The OCC has for the first time named cyberthreats as a major factor heightening banks' operational risks. And banking security experts say this is a sign that greater regulatory scrutiny will come.
Cyber-attacks are taking aim at governments, banks and organizations across numerous sectors, says former FBI investigator Shawn Henry. But how much do we know about the actors waging these attacks and who their top targets are?
Hacktivists may have halted their attacks, but DDoS strikes against U.S. banks continue. Download-flooding attacks that took aim at two banks last week demonstrate the need for continued vigilance.
Distributed-denial-of-service attacks are perfect weapons for cybercriminals and political adversaries, says Prolexic's Scott Hammack, who explains why any organization with an online presence should brace itself for attacks.
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.
DDoS attacks on U.S. banks will continue, and community institutions may well be the next major targets. Rodney Joffe of Neustar offer tips for how smaller institutions can assess and mitigate DDoS risks.
In an interview about DDoS threats and defenses, Joffe discusses:
Why community banks must consider...
In defending against distributed-denial-of-service attacks, enterprises must comprehend the motives of the cyber-assailant, Booz Allen Hamilton's Sedar Labarre says. He outlines how organizations should assess their risks.
The OCC's DDoS risk warnings to community banks may indicate more regulatory scrutiny is on the way. Banks should prepare for more oversight of their cyber-attack reporting and threat mitigation practices.
On average, 86 percent of web applications have at least one serious vulnerability, and each app is attacked about 4,000 times per year, says Imperva's Terry Ray. So, how must security be improved?
Defacement and downtime are two consequences for organizations struck by distributed-denial-of-service attacks. But what's the brand impact? Akamai's Fran Trentley discusses risks and mitigation.
An ongoing lull in attacks could indicate that hacktivists' DDoS campaigns against U.S. banks are over, says Rodney Joffe of Neustar. But other experts still expect the attacks will resume.
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.
One banking association is lobbying to have merchants held more accountable for attacks against their networks and systems that breach card data. But will their efforts convince Congress?
A distributed-denial-of-service attack in Europe highlights the need for Internet service providers to implement security best practices to prevent future incidents and protect their users, ENISA's Thomas Haeberlen says.
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