In response to the news that a group of hackers have threatened to collapse the websites of three banks in Greece if they do not pay 20,000 Bitcoins, Amichai Shulman, CTO of Imperva have the following comments on it.
“These kind of threats should be handled full force by authorities up the point where individuals involved in the activity are apprehended and indicted. I’m not suggesting that banks and other organizations do not take any measures to protect their data assets and online presence (much like I don’t suggest people to stop locking their doors). However, this must not be the end game for handling cyber security threats. Putting the right DDoS protection in place is just the first line of defense that must be followed by authorities taking actions against offenders.”

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