{"id":12176,"date":"2021-02-10T03:45:00","date_gmt":"2021-02-10T03:45:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/02\/10\/more-than-100-financial-services-firms-hit-with-ddos-extortion-attacks\/"},"modified":"2021-02-10T03:45:00","modified_gmt":"2021-02-10T03:45:00","slug":"more-than-100-financial-services-firms-hit-with-ddos-extortion-attacks","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/02\/10\/more-than-100-financial-services-firms-hit-with-ddos-extortion-attacks\/","title":{"rendered":"More than 100 Financial Services Firms Hit with DDoS Extortion Attacks"},"content":{"rendered":"

\n<\/p>\n

\n <\/p>\n

\n Industry-Wide Cross Border Cyber Intelligence Sharing Mitigated Impact <\/p>\n

SINGAPORE –\u00a0Media Outreach<\/a>\u00a0– 10 February 2021 –\u00a0<\/b>FS-ISAC<\/a>,<\/u>
\nthe only global cyber intelligence sharing community solely focused on
\nfinancial services, announced today that last year, more than 100 financial
\nservices firms were targets of a wave of Distributed Denial of Service (DDoS)
\nextortion attacks conducted by the same threat actor. The criminals sent
\nextortion notes threatening to disrupt the firms’ websites and digital
\nservices. The threat actor methodically moved across jurisdictions in Europe,
\nNorth America, Latin America, and Asia Pacific, hitting dozens of institutions
\nwithin weeks. They targeted the full gamut of financial services companies:
\nbanks, fintechs, exchanges, card issuers, payments companies, insurance
\ncompanies, credit bureaus, asset managers, money transfer companies, and
\npayroll companies.\u00a0<\/p>\n


\n <\/p>\n

\u00a0<\/p>\n


\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n
<\/p>\n

DDoS
\n Attacks by Sub-Vertical<\/u><\/b><\/p>\n

\n <\/td>\n


\n <\/tr>\n

<\/p>\n
    \n
  1. Retail Banking<\/li>\n

    \n <\/ol>\n<\/td>\n

    <\/p>\n

 <\/p>\n

41%<\/p>\n

\n <\/td>\n


\n <\/tr>\n

<\/p>\n
    \n
  1. Exchange<\/li>\n

    \n <\/ol>\n<\/td>\n

    <\/p>\n

 <\/p>\n

15%<\/p>\n

\n <\/td>\n


\n <\/tr>\n

<\/p>\n
    \n
  1. Payments<\/li>\n

    \n <\/ol>\n<\/td>\n

    <\/p>\n

 <\/p>\n

13%<\/p>\n

\n <\/td>\n


\n <\/tr>\n

<\/p>\n
    \n
  1. Securities & Investments\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/li>\n

    \n <\/ol>\n<\/td>\n

    <\/p>\n

 <\/p>\n

10%<\/p>\n

\n <\/td>\n


\n <\/tr>\n

<\/p>\n
    \n
  1. Insurance<\/li>\n

    \n <\/ol>\n<\/td>\n

    <\/p>\n

 <\/p>\n

7%<\/p>\n

\n <\/td>\n


\n <\/tr>\n

<\/p>\n
    \n
  1. Critical Utility<\/li>\n

    \n <\/ol>\n<\/td>\n

    <\/p>\n

 <\/p>\n

3%<\/p>\n

\n <\/td>\n


\n <\/tr>\n

<\/p>\n
    \n
  1. Credit Reporting Agency and Ratings<\/li>\n

    \n <\/ol>\n<\/td>\n

    <\/p>\n

 <\/p>\n

2%<\/p>\n

\n <\/td>\n


\n <\/tr>\n

<\/p>\n
    \n
  1. Core Back Office Supplier<\/li>\n

    \n <\/ol>\n<\/td>\n

    <\/p>\n

 <\/p>\n

1%<\/p>\n

\n <\/td>\n


\n <\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/p>\n


\n <\/p>\n\n\n\n\n\n\n\n
<\/p>\n

DDoS
\n Attacks by Region<\/u><\/b><\/p>\n

\n <\/td>\n


\n <\/tr>\n

<\/p>\n
    \n
  1. North America (Us, Canada)<\/li>\n

    \n <\/ol>\n<\/td>\n

    <\/p>\n

 <\/p>\n

43%<\/p>\n

\n <\/td>\n


\n <\/tr>\n

<\/p>\n
    \n
  1. Europe, UK, Middle East & Africa<\/li>\n

    \n <\/ol>\n<\/td>\n

    <\/p>\n

 <\/p>\n

38%<\/p>\n

\n <\/td>\n


\n <\/tr>\n

<\/p>\n
    \n
  1. Asia<\/li>\n

    \n <\/ol>\n<\/td>\n

    <\/p>\n

 <\/p>\n

15%<\/p>\n

\n <\/td>\n


\n <\/tr>\n

<\/p>\n
    \n
  1. Latin America<\/li>\n

    \n <\/ol>\n<\/td>\n

    <\/p>\n

 <\/p>\n

3%<\/p>\n

\n <\/td>\n


\n <\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/p>\n


\n <\/p>\n

FS-ISAC credits its members’ willingness to share cyber
\nintelligence with mitigating the impact and threat for the financial services
\nindustry. Members were able to keep up with the rapid pace of attacks using the
\nFS-ISAC Intelligence Exchange’s secure chat and intelligence sharing
\ncapabilities, which enables industry collaboration and discussion in real
\ntime.\u00a0 <\/p>\n


\n <\/p>\n

To increase industry-wide cross-border cyber intelligence
\nsharing, FS-ISAC launched the Global
\nLeaders award program<\/a>.<\/a>
\n<\/a>This is a company effort to elevate the profiles of members in the
\nfinancial services community who actively share cyber intelligence and best
\npractices across borders.\u00a0<\/p>\n


\n <\/p>\n

“Today’s cyber criminals know no borders. An attack on a
\nbank in Asia could be a harbinger for an attack on an insurance company in the
\nUS, a stock exchange in Latin America, or a fintech in Europe,” said Teresa Walsh, Global Head of Intelligence
\nat FS-ISAC.<\/b> “This wave of attacks has shown how critical global cyber
\nintelligence sharing is. Members sharing specific details of attacks enable
\nother members to prepare and defend against them, lowering the return on
\ninvestment for threat actors. Our Global Leaders program builds on these
\nnetwork effects by elevating those who share to benefit the entire community.”<\/p>\n


\n <\/p>\n

The attacks have slowed but the recent boom in
\ncryptocurrencies such as bitcoin, which cyber criminals use to demand payment,
\ncould incentivize other attacks.<\/p>\n


\n <\/p>\n

“In 2021, we have already seen new cyber threats in the form
\nof supply chain attacks, which we can expect to proliferate and evolve quickly.
\nThe only way to stay ahead of these ever more sophisticated threat actors is to
\ncollaborate,” said Jerry Perullo, CISO
\nat ICE\/NYSE and FS-ISAC Chairman of the Board<\/b>. “Now more than ever, we need
\nGlobal Leaders to model what effective sharing looks like to the rest of our
\ncommunity as well as the industry at large.” <\/p>\n


\n <\/p>\n

To learn more about the Global Leaders program visit fsisac.com\/globalleaders<\/a>.<\/a> \n<\/p>\n

<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Industry-Wide Cross Border Cyber Intelligence Sharing Mitigated Impact SINGAPORE –\u00a0Media Outreach\u00a0– 10 February 2021 –\u00a0FS-ISAC, the only global cyber intelligence sharing community solely focused on financial services, announced today that last year, more than 100 financial services firms were targets of a wave of Distributed Denial of Service (DDoS) extortion attacks conducted by the same …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/12176"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=12176"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/12176\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=12176"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=12176"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=12176"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}