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Share Name | Share Symbol | Market | Type |
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Akamai Technologies Inc | NASDAQ:AKAM | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.22 | 0.23% | 96.20 | 96.00 | 96.87 | 97.235 | 94.64 | 95.59 | 2,757,288 | 23:49:29 |
Study identified increasing use of DDoS as political tool
RESTON, Va. and CAMBRIDGE, Mass., Jan. 31, 2023 /PRNewswire/ -- FS-ISAC, the member-driven, not-for-profit organization that advances cybersecurity and resilience in the global financial system, and Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today released new research on the threat that Distributed Denial-of-Service (DDoS) attacks pose to the financial services sector.
The report, titled, The Evolution of DDoS: Return of the Hacktivists, notes that 2022 saw a 22 percent uptick in the volume of DDoS attacks targeting financial firms. This is especially true across Europe, where the attacks increased by 73 percent, and where financial services were the target of 50 percent of all DDoS assaults.
The Evolution of DDoS: Return of the Hacktivist finds that much of the increase in DDoS attacks is driven by groups that have taken sides in the Russia-Ukraine war or other geopolitical conflicts. This includes organizations such as Killnet, which has targeted the United States and nations throughout Europe.
Other major findings of the report include:
"The continued evolution of DDoS shows that it is far from a solved problem," said Teresa Walsh, Global Head of Intelligence at FS-ISAC. "Working with our sector's critical providers like Akamai, who have first-hand knowledge of how DDoS is affecting the financial sector, enables us to arm our members with the understanding and guidance they need to better protect their firms and customers."
"Though DDoS attacks have been around for some time, we are seeing that they are evolving in new, innovative and aggressive ways," said Steve Winterfeld, Advisory CISO at Akamai. "We teamed up with FS-ISAC to produce The Evolution of DDoS: Return of the Hacktivists in an effort to better educate the financial community about the threats of DDoS and to offer some threat trends and best practices for the sector to better combat these attacks."
The collaboration on this report is a product of Akamai's founding participation in FS-ISAC's Critical Providers Program, launched in 2022 to bolster the financial sector's supply chain security .
About FS-ISAC
FS-ISAC is the member-driven, not-for-profit organization that advances cybersecurity and resilience in the global financial system, protecting the financial institutions and the people they serve. Founded in 1999, the organization's real-time information-sharing network amplifies the intelligence, knowledge, and practices of its members for the financial sector's collective security and defenses. Member financial firms represent $100 trillion in assets in 75 countries.
About Akamai
Akamai powers and protects life online. Leading companies worldwide choose Akamai to build, deliver, and secure their digital experiences — helping billions of people live, work, and play every day. With the world's most distributed compute platform — from cloud to edge — we make it easy for customers to develop and run applications, while we keep experiences closer to users and threats farther away. Learn more about Akamai's security, compute, and delivery solutions at akamai.com and akamai.com/blog, or follow Akamai Technologies on Twitter and LinkedIn.
Contacts
Elizabeth Heathfield
FS-ISAC Media
media@fsisac.com
Jim Lubinskas
Akamai Media Relations
703.907.9103
jlubinsk@akamai.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/new-report-finds-increase-in-ddos-attacks-targeting-the-financial-services-industry-301732524.html
SOURCE Akamai Technologies, Inc.
Copyright 2023 PR Newswire
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