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Cyberattacks threaten big losses and PR crises for financial services firms

SC Magazine

million, financial services firms are laser-focused on cloud vulnerabilities, attacks against internet-of-things devices and other prevalent threats. . The heavily regulated environment in which financial services firms operate adds a layer of complexity —?and With data breaches causing an average loss of $4.2

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Cloudflare: Mirai Botnet Launched Record-Breaking DDoS Attack

eSecurity Planet

Cloudflare last month fought off a massive distributed denial-of-service (DDoS) attack by a botnet that was bombarding 17.2 million requests per second (rps) at one of the internet infrastructure company’s customers in the financial services space. DDoS Attacks on the Rise. That prediction proved correct.

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The largest Russian bank Sberbank hit by a massive DDoS attack

Security Affairs

The largest and oldest bank in Russia Sberbank faced the record-breaking DDoS attack that reached 1 million RPS. Sberbank , the Russian banking and financial services giant, announced that it was recently hit by a record-breaking distributed denial of service (DDoS) attack that reached 1 million RPS.

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NEW TECH: Baffin Bay Networks takes a ‘cloud-first’ approach to securing web applications

The Last Watchdog

Hear about the smart toaster that got attacked three times within an hour after its IP address first appeared on the Internet? million and grown to 42 employees, winning customers in leading media firms, financial services companies and government agencies in the Nordics.

DDOS 171
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Disneyland Malware Team: It’s a Puny World After All

Krebs on Security

A financial cybercrime group calling itself the Disneyland Team has been making liberal use of visually confusing phishing domains that spoof popular bank brands using Punycode , an Internet standard that allows web browsers to render domain names with non-Latin alphabets like Cyrillic. com — which was created to phish U.S.

Malware 278
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MY TAKE: Why companies and consumers must collaborate to stop the plundering of IoT systems

The Last Watchdog

The Internet of Things (IoT) has come a long, long way since precocious students at Carnegie Melon University installed micro-switches inside of a Coca-Cola vending machine so they could remotely check on the temperature and availability of their favorite beverages. Related: Companies sustain damage from IoT attacks That was back in 1982.

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Cloudflare Helps Businesses Manage Their Cyber Risk; Announces Partnerships with Leading Cyber Insurers and Incident Response Providers

CyberSecurity Insiders

NYSE: NET), the security, performance, and reliability company helping to build a better Internet, today announced it is partnering with leading cyber insurance companies to help businesses manage their risks online. An insurance policy is an effective tool to articulate the impact of security choices on the financial risk of a company.