Digital attacks on banks not hacking, Sabric assures
Sabric says defensive strategies have been invoked across the industry and it is confident the effects on customers will be minimal
25 October 2019 - 13:29
The SA Banking Risk Information Centre (Sabric) confirmed on Friday that the banking industry has been hit by a wave of ransom-driven attacks to bring down online services, but says it has not involved hacking or a data breach.
It said the distributed denial-of-service (DDoS) attacks, which render a site or online service unavailable by flooding it with fake traffic, happened on Wednesday targeting various public-facing services across multiple banks, it said...
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