Source: National Cyber Security – Produced By Gregory Evans
Several UAE banks were hit by a co-ordinated cyber attack, known in the trade as a distributed-denial-of-service (DDoS) attack, on Tuesday, crippling e-banking operations and websites, and leaving the unnamed institutions fearing further assaults, Arabian Business’ sister website ITP.net has reported. German systems integrator Help AG, which played a central role in the clean-up for one of the victims, told the website that the DDoS attack, which has been linked to cyber group Anonymous, happened on the last day of the month as the attackers sought to wreak maximum disruption during the banks’ busiest period. Help AG cited “sources in the market” who report “widespread” incidents in the UAE financial sector. A DDoS attack uses tens, sometimes hundreds, of thousands of computers to synchronise a bombardment of packet-traffic on a server. In the absence of sophisticated mitigation solutions, servers can be brought down and services brought to a halt. “Picking the last day of a month is a very wise choice from the attackers, as it is a widely known fact that the last three days of a calendar month are the busiest ones in the financial industry, as a lot of money is changing hands in the form of salaries, […]
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