Three UAE banks affected by Q1 DDoS attacks
Fortinet reveals that three UAE banks were taken offline earlier in 2012
Three UAE banks' online banking websites were the victims of DDoS attacks in the first quarter of this year, according to Bashar Bashairah, regional director of Fortinet, halting online transactions and services. One of the banks was under sustained attack from cyber-criminals for a period of three to four days
All of the attacks were successful for short periods of time and did manage to take the banks offline for a few hours at a time, said Bashairah.
Some of the banks that were victims of the attack were Fortinet clients and Bashairah said that Fortinet was able to limit the damage done by the attacks and get the websites back online soon after the attacks occurred.
He estimated that due to the websites being offline, the banks could have suffered heavy financial losses.
"Bringing a bank website down for even half a day still results in millions of dirhams of losses from website transactions," said Bashairah.
In January this year Israeli hacker group, IDF-Team, threatened to bring down the UAE Central Bank and other financial and government websites in the UAE using DDoS attacks.