AI DevwWrld Chatbot Summit Cyber Revolution Summit CYSEC Global Cyber Security & Cloud Expo World Series Digital Identity & Authentication Summit Middle East Low Code No Code Summit TimeAI Summit

Mega DDoS attacks target Russian banking sector

Intensification of cyber attacks against Russian financial infrastructure

Sberbank, the main Russian bank, suffered a large-scale DDoS attack with one million requests per second, a peak never before recorded for the institution. The attack was more sophisticated than previous episodes.

Contribute to spreading the culture of prevention!
Support our cause with a small donation by helping us raise awareness among users and companies about cyber threats and defense solutions.

This pill is also available in Italian language

Recently, Sberbank, a Russian banking giant and the nation's largest financial institution, suffered a distributed denial of service (DDoS) attack that set a new record for the entity: one million requests per second (RPS). The institute, mostly in state hands and holder of about a third of the country's financial assets, compared this assault with previous attacks, noting its quadruple power.

Large-scale DDoS attack detections

The attack was described as unprecedented for the bank, which has faced similar sabotage attempts in the past following Russia's invasion of Ukraine and resulting international sanctions. Attacks often attributed to hacktivists sympathetic to the West. However, Sberbank highlighted that this latest attack differs from past ones due to the advanced technical skills and novel tactical scheme used by the attackers.

Comparison with international DDoS attacks

While significant for the financial institution, the one million RPS spike that occurred does not compete with the most overwhelming attacks recorded globally. Some of these, such as those faced by Amazon, Cloudflare and Google, have exploited innovative techniques such as 'HTTP/2 Rapid Reset', generating impacts of a hundredfold size compared to what Sberbank suffered.

History of IT dilemmas in Russia

Already in May 2022, Sberbank declared that it had been the subject of unprecedented cyber attacks, including very powerful DDoS attacks against its online services. The bank withstood attacks of up to 450GB/sec, produced by a botnet of 27,000 compromised devices. A more recent event has hit the Russian financial ecosystem, with the National Payment Card System (NSPK), operator of Mir cards, suffering a service disruption and being defaced at the hands of hacktivists.

Follow us on Google News for more pills like this

11/08/2023 18:19

Editorial AI

Complementary pills

Global banking giant under ransomware attackA look at the ICBC ransomware incident and prevention strategies

Last pills

LockBit's response to FBI actionsLockBit's technological revenge: post-attack updates and awareness

LockBit's tenacious activity despite global investigationsChallenges and countermeasures in the war against the LockBit cyber criminal group

Avast fined for illegitimate sale of web dataFines and restrictions imposed on cybersecurity company for misuse of personal data

KeyTrap: DNSSEC flaw discovered by researchersThe vulnerability puts the stability of DNSSEC at risk