A Distributed Denial of Service (DDoS) attack is a malicious attempt to disrupt normal traffic of a targeted server, service, or network by overwhelming it with a flood of internet traffic.
DDoS attacks can have serious consequences for banks, as they can disrupt online banking services, cause financial losses, and damage the institutions reputation.
The FBI is briefing bank executives to raise awareness about the increasing threat of DDoS attacks and to provide guidance on how to prevent, detect, and respond to such attacks.
During the briefing, the FBI emphasized the importance of implementing robust cybersecurity measures, conducting regular security assessments, and collaborating with law enforcement agencies to combat cyber threats.
Banks can protect themselves from DDoS attacks by deploying DDoS mitigation solutions, enhancing network security, and establishing incident response plans to mitigate the impact of an attack.
The potential consequences of a successful DDoS attack on a bank include financial losses, operational disruptions, regulatory penalties, and reputational damage.
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FBI informs bank executives of DDoS attack campaign