The European Investment Bank tweeted recently, claiming it was facing a cyberattack and was working to fix the incident.
Jamie Moles, Cybersecurity Expert and Senior Technical Manager at ExtraHop, commented on the news: “[Recently], pro-Russian hacking group, Killnet, threatened to destroy European Banks within 48 hours and through means not including DDoS. Yet, almost a week later we are seeing the European Investment Bank hit by a DDoS attack, a hacking type that script kiddies and hacktivists use. This is not a very sophisticated way to hack and is likely to be mitigated by the bank quickly as it switches to backup systems.
“However, with proper security processes in place you can stop an attack before it develops, or even happens. Too often we see businesses with lazy cyber-hygiene failing to properly secure their networks and data, leading to breaches and stolen data. No one is exempt from hacking groups, which is why every business should prepare to be attacked.”