A website devoted to cybersecurity has a feature about DDos – dedicated denial of service – attacks. In this case, the hackers flood the organization’s networks, bringing transactions to a stop. Sometimes they ask for a pay off to resume service. This has happened to banks and hospitals, as well as social media. Some paid the hackers off. The writer notes that one site refused to pay and went after the hackers. The writer states that the best defense is a layered one.
- A distributed denial of service (DDoS) attack is a cybercrime that affects many companies from social media websites to financial institutions.
- Hackers attack by disrupting businesses websites and not allowing customers access until they are paid ransom.
- DDoS attacks are a current problem and on the rise since the frequency of attacks has risen to over 40%.
“The world of fiction isn’t too far off from the reality of the next major method of cybercrime, especially ones that hit financial institutions.”