Most US banks experienced DDoS attack last year - survey
Nearly two-thirds of retail banks experienced at least one distributed denial of service (DDoS) attack in the past year, according to a new survey.
In a new report, (12-page/941KB PDF) commissioned by Corero Network Security, 64 per cent of 650 IT and IT security experts from 351 banks said a DDoS attack had been carried out on the financial institution they work for. More than 10 DDoS attacks were carried out on 7 per cent of banks, it said. DDoS attacks typically involve hackers using malware-infected computers to bombard systems with such large amounts of traffic that they cease to function.
Only 37 per cent of respondents described their banks' ability to prevent DDoS attacks as effective or very effective, whilst the remainder said the measures in place were either somewhat effective (30 per cent), not effective (23 per cent) or unsure about how effective they had been (10 per cent). Fewer than half (43 per cent) said that their institutions' efforts to detect DDoS attacks were either effective or very effective.