Financial Services ISAC examines trends driving denial-of-service threat surge impacting sector

The financial services sector experienced a rise in distributed denial-of-service attacks in 2023 from cyber actors motivated by geopolitics and world events, according to a report from the Financial Services Information Sharing and Analysis Center.

“Driven by a dramatic surge in the power of botnets and hacktivism motivated by the Russia-Ukraine War, the financial services industry experienced a 154% increase in DDoS attacks between 2022 to 2023,” FS-ISAC says in a Wednesday release.

A new report developed by...