Banks Around the Globe Fall Prey to DDoS Attacks; Nexusguard Urges Organizations to Revaluate Security Solution Providers and to Only Rely on Proven Specialists.

Share Article

HSBC websites fell under DDoS attacks on Oct 18 which affected a number of HSBC websites around the world. Anti-DDos specialist Nexusguard urges organizations to equip themselves with high resilience bandwidths, coupled with specialized on-demand anti-DDoS solutions.

To avoid being brought down by DDoS attacks and to enjoy reliable uptime, enterprises should equip themselves with high resilience bandwidths, coupled with specialized on-demand anti-DDoS solutions.

Hong Kong & Shanghai Banking Corporation (HSBC) fell prey to DDoS attacks on last Thursday. This caused several hours of outages and disruptions to multiple services including Internet banking and affected millions of disgruntled customers. "The British multinational bank is apparently the latest victim in a recent series of anti-bank attacks,” says Frank Tse, Senior Researcher at Nexusguard Limited.

Unconfirmed reports suggest that HSBC was targeted by the “Izz ad-Din al-Qassam Cyber Fighters”, who claimed credit for these attacks as protests against the controversial video “The innocence of Muslims” posted on Youtube and demanding its removal.

Frank points out that collateral damage caused by the attacks can be significant. “The attack does not just bring down the bank’s external-facing services like Internet Banking and Trading services, but will also disrupt the Bank’s internal services and all its business functions that relies on the Internet as communication medium.”

Albeit measures taken by HSBC to protect itself from DDoS attacks with reputed ISP’s protection services, this incident clearly exposes the limitations of any Carrier-based mitigation. “Carrier networks are inherently not designed to handle DDoS attacks. Its mitigation would be limited to size based attacks or simple layer 3 or 4 attacks. The attacks may happen again and bring about damage to the corporation’s reputation, customer confidence and future business opportunities,” Frank adds.

“To avoid being brought down by DDoS attacks and to enjoy reliable uptime, enterprises should equip themselves with high resilience bandwidths, coupled with specialized on-demand anti-DDoS solutions. This will bring about top-notch quality of service to its end user in a cost-effective approach.”

About Nexusguard
Nexusguard, incorporated in 2008, is a premium provider of end-to-end, in-the-cloud Internet Security Solutions. Nexusguard delivers solutions over the internet to ensure that our clients enjoy uninterrupted web-service delivery to their users, by protecting them against the ever-increasing and evolving multitude of internet threats, particularly Denial-of-Service (DDoS) attacks, and other attacks directed at web application software.

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Stanley Liu
Visit website

Media