German IT company that serves banks experiences DDoS hack attack | HT Tech

German IT company that serves banks experiences DDoS hack attack

The company, Fiducia & GAD IT AG, said the attacks began on Thursday morning, shutting down or hindering the websites of some cooperative banks in parts of the country.

By:REUTERS
| Updated on: Jun 04 2021, 18:04 IST
In such attacks, hackers attempt to flood a network with unusually high volumes of data traffic in order to paralyse it.
In such attacks, hackers attempt to flood a network with unusually high volumes of data traffic in order to paralyse it. (Pixabay)

A German company that operates technology for the nation's cooperative banks said on Friday that it was experiencing continued distributed denial-of-service (DDoS) attacks throughout the night.

In such attacks, hackers attempt to flood a network with unusually high volumes of data traffic in order to paralyse it.

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The company, Fiducia & GAD IT AG, said the attacks began on Thursday morning, shutting down or hindering the websites of some cooperative banks in parts of the country.

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The issue stabilized by the afternoon, but picked up again in the evening with "further major attacks into the night".

"Fiducia & GAD's crisis team continues to monitor the systems closely in order to be able to react quickly to any new attacks," the company said in a statement.

The company noted that such attacks weren't uncommon in the industry.

A spokeswoman for Fiducia & GAD IT AG couldn't immediately say how many banks were affected. The banking blog Finanz-Szene earlier reported about the attack.

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First Published Date: 04 Jun, 18:00 IST
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