London — Lloyds Banking Group was hit by a cyber attack that disrupted online services for customers almost two weeks ago, a person with knowledge of the matter said, amid mounting concern over the threat hackers pose to major banks. Britain’s largest mortgage lender was targeted by a denial-of-service attack, which aims to cripple an online system by flooding it with traffic, said the person, who asked not to be identified because the details were not public. To defend its systems, Lloyds used geo-blocking tactics to prevent web requests from servers in locations used in the assault and scrubbing techniques to cleanse incoming data, the person added. Britain’s biggest banks have been hurt by a string of outages, some attributed to obsolete software and others to malicious activity by hackers, prompting legislators to call for more spending on technology and closer supervision of computer systems by board members. The Bank of England has also identified cybercrime as a serious threa...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.