Financial services organizations have faced nearly twice as many distributed denial of service (DDoS) attacks this year as any other industry, thanks in part to a rise in hacktivism.
According to a new report from Akamai, between Jan. 1 and June 30, there were nearly 3,000 Layer 3 and 4 DDoS attack events in the financial services sector (Layer 3 and 4 attacks occur at the network and transport layers of Internet communication). The next most-targeted industries — gaming, then high tech, then manufacturing — suffered around 1,000 to 1,500 events each.
A number of factors contribute to the sheer scale of the threat, experts say, including a general rise in DDoS across the board, a surge in hacktivist activity in association with high-profile geopolitical conflicts, emerging threats to application programming interfaces (APIs), and more.
And at the end of the day, it's just easy. "They don't have to find a vulnerability. They don't have to find that gap in your armor. They can just literally sit there and hit a button," says Richard Hummel, director of threat intelligence for Netscout.
On July 15, beginning at 10:05 a.m. local time, the full weight of a globally distributed botnet was turned against a major financial services company in Israel.
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