Why should banks be concerned with DDoS attacks?

Distributed Denial of Service (DDoS) attacks first appeared on the radars of security experts around 1999, when a wave of cyberattacks brought down countless websites, including resources of major corporations, such as CNN, eBay, Amazon, and E-Trade.
Many years later, DDoS attacks have not lost their relevance, on the contrary, DDoS attacks are growing more and more destructive. Financial institutions are increasingly becoming the targets of malicious actors, their financial and commercial losses inflicted by DDoS, lost revenue, customer churn, and hits to reputation, far exceeding operating losses.
DDoS then is a real and pressing threat for banks. But why are DDoS attacks in this industry that much more prevalent?

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What Does 5G Mean for Global DDoS Vulnerability?

As the rollout of 5G continues, we look to the variety of applications it invites.
However, with such innovation also comes an increased risk for DDoS security.
Ramil Khantimirov, Stormwall, discusses how the global 5G coverage in tandem with IoT spurs novel cybersecurity vulnerabilities and outlines some steps the industry should take to prepare.

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