September 29, 2023

The monetary regulator that oversees and regulates German monetary establishments and markets responded to a distributed denial-of-service (DDoS) assault over the weekend.

The web site of Germany’s Federal Monetary Supervisory Authority (BaFin) was solely partially accessible over the weekend as a result of the assault was nonetheless occurring, in keeping with a statement launched on Monday. The web site gave the impression to be working for European customers on Tuesday. Connections tried by Recorded Future Information within the U.S. had been denied.

DDoS assaults overwhelm a web site with an excessive amount of visitors, making it briefly unavailable to customers.

BaFin stated that after it seen the assault, directors “instantly carried out all the precise safety measures and defenses” to guard operations from hackers and restore full entry to the web site.

It is nonetheless unclear which hacker group is behind the incident. BaFin has not but responded to a request for remark from Recorded Future Information.

BaFin’s function is to make sure the steadiness, integrity, and transparency of the monetary system in Germany. It supervises about 2,700 banks, 800 monetary providers establishments, and over 700 insurance coverage firms.

BaFin’s web site supplies info for firms and shoppers on matters like banking, loans, and property financing. It additionally presents a shopper helpline and a platform for whistleblowers to share info that helps uncover wrongdoing by people or firms within the monetary sector.

Monetary establishments in Europe have been dealing with elevated stress lately resulting from DDoS incidents claimed by pro-Russian hacker teams like NoName057(16), which have focused the web sites of banks and insurance coverage firms in Poland, Czechia and Lithuania.

As of now, no pro-Russian hacker group recognized for focusing on the banking sector has claimed accountability for the BaFin assault.

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Daryna Antoniuk

Daryna Antoniuk
is a contract reporter for Recorded Future Information primarily based in Ukraine. She writes about cybersecurity startups, cyberattacks in Jap Europe and the state of the cyberwar between Ukraine and Russia. She beforehand was a tech reporter for Forbes Ukraine. Her work has additionally been revealed at Sifted, The Kyiv Unbiased and The Kyiv Submit.