Credit unions need to have DDoS protection, especially in light of the huge impact to financial institutions during the Operation Ababil DDoS attacks last fall, said Stuart Scholly, president at Prolexic.
Hollywood, Florida USA (PRWEB) June 18, 2013
Prolexic, the global leader in Distributed Denial of Service (DDoS) protection services, announced today that University Federal Credit Union (UFCU) in Austin, Texas, has engaged Prolexic to provide always-on DDoS mitigation services through its PLXproxy solution. UFCU is the largest, locally-owned financial institution in Austin, Texas, with branches serving over 162,000 members throughout the Austin and Galveston areas. The online banking site of UFCU (http://www.ufcu.org) had been brought down by two DDoS attacks before the firm engaged Prolexic.
“Credit unions need to have DDoS protection, especially in light of the huge impact to financial institutions during the Operation Ababil DDoS attacks last fall,” said Stuart Scholly, president at Prolexic. "Multiple attacks on UFCU and several other credit unions over the past few months is clear evidence that DDoS perpetrators are going after this financial sector with full force.”
Multiple DDoS Attacks
On January 24 of this year, DDoS attackers targeted the firm’s online banking URL and IP address and took down the website for 2 hours and 36 minutes. The attack peaked at 5.4 Gbps and lasted approximately two days before being mitigated by UFCU’s in-house IT resources and the credit union’s Internet Service Provider (ISP). During the site downtime, UFCU members could not access online banking, apply for auto loans or download documents, thereby totally disrupting the credit union’s services.
UFCU experienced a second DDoS attack on February 25, during which the online banking site was down for 4 hours and 6 minutes. Traffic peaked at 10.1 Gbps in a more sophisticated, randomized attack. The attackers’ strategy employed a toolkit to flood servers with repeated PDF requests and later switch to a new attack signature that targeted UFCU’s external DNS over port 53. The attack was mitigated approximately two days later with assistance from UFCU’s ISP.
Successful DDoS mitigation
After provisioning the PLXproxy DDoS mitigation service, Prolexic successfully mitigated a third DDoS attack against UFCU on March 7 of this year. The online banking site did not go down and neither UFCU’s IT team nor credit union members realized that a DDoS attack had even taken place due to the effective DDoS mitigation techniques employed.
“The March 7 attack had zero impact on our site thanks to DDoS protection by Prolexic,” said Glen Roberts, Infrastructure and Security Manager at UFCU. “The spike on the Prolexic Dashboard got up to just 575 Mbps, but our Internet pipe is only 50 Mbps, so that’s well over 10 times what we’re capable of handling. The Prolexic mitigation service kicked in quickly, so there wasn’t even a blip on our radar. You could tell that Prolexic was scrubbing that traffic out. That was a good win for us and Prolexic.”
Recommendations for DDoS preparedness
As the number of DDoS attacks against credit unions continues to rise, the National Credit Union Administration (NCUA) has responded by recommending three key DDoS preparation strategies for credit unions:
•Performing risk assessments to identify risks associated with DDoS attacks.
•Ensuring incident response programs include a DDoS attack scenario during testing and address activities before, during, and after an attack.
•Performing ongoing third-party due diligence, in particular on Internet and web-hosting service providers, to identify risks and implement appropriate traffic management policies and controls”
Prolexic helped UFCU fulfill these recommendations by working with Roberts to create a DDoS run book. UFCU’s DDoS run book contains contact information for Prolexic, for the ISP, and for other credit unions that could possibly also be under DDoS attack. It also includes an architecture diagram of the UFCU network, as well as language to be used to communicate with credit union members when an attack occurs.
“Each company has its own incident response plan, but I think that every company should also have a DDoS-specific response plan, as well,” said Roberts. “After UFCU’s experience with DDoS attacks, I would encourage any credit union over US$500 million in assets to seriously consider purchasing DDoS mitigation services.”
To learn more, the full UFCU case study can be downloaded from http://www.prolexic.com/ufcu.
Prolexic is the world’s largest, most trusted Distributed Denial of Service (DDoS) mitigation provider. Able to absorb the largest and most complex attacks ever launched, Prolexic restores mission-critical Internet-facing infrastructures for global enterprises and government agencies within minutes. Ten of the world’s largest banks and the leading companies in e-Commerce, SaaS, payment processing, travel/hospitality, gaming and other at-risk industries rely on Prolexic to protect their businesses. Founded in 2003 as the world’s first in-the-cloud DDoS mitigation platform, Prolexic is headquartered in Hollywood, Florida and has scrubbing centers located in the Americas, Europe and Asia. To learn more about how Prolexic can stop DDoS attacks and protect your business, please visit prolexic.com, follow us on LinkedIn, Facebook, Google+, YouTube, and @Prolexic on Twitter.
Exceeding US$1.6 billion in assets, UFCU is Austin’s largest locally-owned financial institution and serves over 162,000 members in the Austin and Galveston areas. UFCU provides a variety of products, services and education programs to meet your needs through all phases of your life. To learn more about UFCU’s products and services, including low rate auto loans, visit ufcu.org.
 NCUA Risk Alert, February 2013, http://www.ncua.gov/Resources/Pages/RSK2013-01.aspx
Michael E. Donner
SVP, Chief Marketing Officer
+1 (954) 620 6017