Major DDoS Attack on Financial Services

Attack Overview

Several major financial institutions experienced a coordinated Distributed Denial of Service (DDoS) attack that disrupted online banking services and payment processing for several hours. The attack utilized a botnet of compromised IoT devices.

When

This attack was first reported on May 15, 2025 (7 days ago).

Where

The attack primarily targeted systems and organizations in Europe.

How

This was a DDoS attack with a high impact level. The attack vector utilized sophisticated techniques to compromise targeted systems and networks.

Preventive Measures

Organizations can implement the following measures to protect against similar attacks:

• Implement DDoS protection services
• Overprovisioning of bandwidth and resources
• Configure network hardware to withstand volume-based attacks
• Use content delivery networks (CDNs) to distribute traffic
• Develop and test DDoS response playbooks