Recently, various sophisticated groups launched distributed denial of service (DDoS) attacks directed at national banks and federal savings associations (collectively, banks). Each of the groups had different objectives for conducting these attacks ranging from garnering public attention to diverting bank resources while simultaneous online attacks were under way and intended to enable fraud or steal proprietary information.
This alert provides a general description of the attacks, along with risk mitigation information and sources of related risk management guidance. The alert also reiterates the Office of the Comptroller of the Currency’s (OCC) expectations that banks should have risk management programs to identify and appropriately consider new and evolving threats to online accounts and to adjust their customer authentication, layered security, and other controls as appropriate in response to changing levels of risk.
More info: OCC’s Bank Information Technology Division, (202) 649-6340.
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