Mon, Aug 11, 2014
Washington, District Of Columbia
Distributed denial of service (DDoS) attacks are becoming more common against credit unions and banks, and a new e-book from Ongoing Operations--"Making Sense of the DDoS Threat"--details the growing cyberthreat.
Credit unions are challenged to protect themselves against DDoS attacks because the attackers are now going beyond website and online banking platforms to anything that uses Internet connectivity such as Voice over Internet Protocol systems.
The paper notes that mitigating DDoS attacks is a game of cat and mouse with ever-changing players, levels of intensity and increasing sophistication.
The complex and intricate DDoS attempts require a higher level of defenders--both people (highly qualified engineers) and infrastructure (traffic routing, bandwidth and hardware).
DDoS attacks are more than a complete outage. Two-thirds cause a degradation in the service level of the application or an external website, resulting in fraud, reputational damage, application abandonment and frustration for both members and internal staff.
Additionally, the e-book lays out the guidelines from the Federal Financial Institutions Examination Council and expectations for compliance from the National Credit Union Administration.