Russia's Largest Bank Faces Unprecedented DDoS Attack
Main page News, Fintech, Russia, Banking, Hacker Attack

Russian largest state-owned bank Sberbank has faced a massive DDoS attack, iHodl Russia reports citing the Deputy Chairman of the Executive Board of Sberbank Stanislav Kuznetsov.

"On January 2, 2020, Sberbank faced an unprecedented DDoS attack, which was 30 times more powerful than the most powerful attack in the history of Sberbank," Kuznetsov said.

He added that the attack was carried out with the help of the Internet of Things (IoT) devices. The attack according to Kuznetsov has been successfully repelled and had no consequences.

Nevertheless, he is confident that in 2020, DDoS attacks will become a problem for companies around the world.

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Last year the number of hacker attacks on Sberbank grew up by 15–20% and the bank registered approximately 280–300 attempts to attack its systems per day.

Earlier iHodl reported that cryptocurrency exchange Kraken will expand its futures platform in Russia.

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