Banking Industry Faces New Risks from Online Hackers

According to a report dated 04th April 2013 on bankinfosecurity.com, Chief Technology Officer of QCR holdings, a company that owns and oversees four banking institutions, said during an interview with info security media group that the online threats that are out there today are pretty complex. He adds, “We’ve seen these distributed-denial-of-service-attacks (DDoS) just continue to be pervasive in our industry, and we’ve seen them target banks.”

QCR’s banks identified new security threats such as increased distributed-denial-of-service attacks and regulatory changes as the reasons to transition to a new platform.

Mr Wyfells continues to say as per the report that he anticipates that the DDoS may want to target other types of institutions in the future to be able to demonstrate their ability and further goes on to urge these institutions to look at the kinds of technology that’s available which could be applied to help protect this institutions from such kinds of threats.