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Comments from Arbor - HSBC DDoS attack
January 2016 by Richard Brown, Director EMEA Channels & Alliances at Arbor Networks
Following the news that HSBC has been hit by a DDoS attack, please see below comments from Richard Brown, Director EMEA Channels & Alliances at Arbor Networks:
With financial institutions underpinning whole economies, they’re a particularly choice target vertical for impactful attack. Add to this the fact that it’s payday for many people – meaning more people trying to access the website and therefore a bigger audience – HSBC is an ideal target.
Arbor Networks’ most recent Worldwide Infrastructure Security Report found that 57% of financial institutions have experienced a DDoS attack – the highest of any sector. Many of these will have been mitigated early enough, but as the attack on HSBC today shows, if they are not then they can have huge consequences.
HSBC will have to ensure that the attack was not used as a ‘smokescreen’, drawing the IT department’s attention towards this event while sensitive data is stolen or malware is implanted in the network.
