Financial Services ISAC sees rise in frequency, sophistication of denial-of-service attacks on sector in 2024

Distributed denial-of-service attacks hit the financial services sector at an increased rate and level of sophistication in 2024, according to an annual report from the Financial Services Information Sharing and Analysis Center.

“DDoS attacks are becoming increasingly sophisticated, evolving from simple network flooding to targeted, multi-dimensional assaults that exploit intricate vulnerabilities across the entire supply chain,” FS-ISAC CIO Teresa Walsh said in a June 10 release on the report.

The report was developed in partnership with cloud security firm...