DDoS protection for financial services and banking

Historically, DDoS denial of service attacks on financial organizations have focused on extortion and adding legitimacy to phishing campaigns. Today, cyber-criminals are launching increasingly diverse and sophisticated DoS and DDoS denial of service attacks that enable them to do more damage and extract more revenue per attack, while reducing their own level of risk.

DDoS attackers targeting the Internet sites of banks, credit card companies and payment processors have one overriding objective: to cause chaos by disrupting key public services including payment processing and intra-bank links. DDoS attackers are also beginning to experiment using denial of service attacks to manipulate markets.

Firms experiencing DDoS attacks are potentially exposed to extremely large losses in earnings, capital, productivity, brand value, and consumer confidence if they suffer a debilitating attack – especially if that denial of service attack lasts for days. Increased claims of negligence and possible shareholder lawsuits are real possibilities.

Legal and regulatory legislation across global markets mandates the need for online financial institutions to proactively address risks and vulnerabilities related to cyber-attacks. The requirements passed along to local, regional, national, and global banks, investment businesses, and other enterprise businesses necessitate the prevention of losses. The risk of financial loss and of non-compliance is greater than ever before.

Prolexic provides effective, carrier-agnostic DDoS detection and DDoS mitigation solutions that do not require decryption of confidential data to protect global Internet assets of financial services firms against DDoS denial of service attacks. Ten of the world’s largest banks trust Prolexic to protect their businesses and keep them operational and available when under DDoS attack. The bottom line for financial services firms: Prolexic’s DDoS protection solution will reduce regulatory and legal risks from operational disruptions.

Why financial services firms choose Prolexic for DDoS protection

• Prolexic customers remain online before, during, and after DDoS attacks

• On-demand DDoS mitigation services have a minimal effect on customer traffic

• Remote DDoS monitoring services (optional) enable Prolexic to detect potential attacks before they have any effect on your clean traffic

Read how we protect leading businesses from DDoS attacks in these DDoS mitigation case studies in the Prolexic Knowledge Center

DDoS mitigation case studies for financial services firms

• Henyep Capital Markets: Multiple SYN, GET and ICMP flood attacks, accompanies by a ransom note, threatened Henyep’s website response times and stellar reputation. They turned to Prolexic for DDoS protection and shut the criminals down. Register to read the full report. Register to download the full report.

• Entropay: Prolexic protects a leading provider of prepaid virtual Visa cards against DDoS attacks. Register to download the full report.

• Global eSolutions: A leading Trading Platform Provider chooses Prolexic for DDoS Protection. Register to download the full report.

• Online Options Trading: Prolexic helps financial services firm avoid extortion attempt by keeping web site available during vicious Layer 7 DDoS attack. Register to read the full report.

Learn more about how we protect leading businesses from DDoS attacks in these DDoS mitigation case studies in the Prolexic Knowledge Center.