This incident highlights the increasing threat of DDoS attacks in the financial sector, where attackers flood systems with excessive traffic, causing outages and service disruptions. The bank’s IT team worked around the clock to mitigate the attack, but the sheer volume of traffic made it difficult to restore services promptly.
DDoS attacks have become a prevalent weapon for cybercriminals and state-sponsored actors, aiming to disrupt critical infrastructure and cause economic harm. Financial institutions, due to their integral role in the economy, are particularly attractive targets. This attack underscores the need for robust cybersecurity measures and real-time monitoring systems to detect and respond to such threats efficiently.
Source: The Record
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