Jay Clemens
A new report from Neustar indicates that financial services firms have doubled their protection measures against distributed-denial-of-service-attacks compared to other industries.
Thirty-two percent of financial services companies are implementing services to minimize the impact of DDoS attacks, Neustar said Monday.
Jennifer Gilmore, manager of strategic offer marketing within Neustar’s financial services business, writes that site disruptions could cost $100,000 per hour for 42 percent of financial companies.
Neustar’s report also says that 55 percent of DDoS victims lost data, funds or intellectual property.
The Federal Financial Institutions Examination Council ordered the banking and finance sector in April to assess information technology systems for vulnerabilities and track Internet traffic flow in order to identify attacks, Gilmore says.
