Cyber Attack disrupts online services of Lloyds Bank

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A fortnight ago, the digital services of Lloyds Banking Group were hit by severe DDoS Cyber Attack. A DDoS or Distributed Denial of Service is where a business website is swamped with heavy traffic (which is mostly irrelevant) in an attempt to disable it. When the servers start feeling the traffic fatigue, they shut down triggering service disruption on the entire network.

As per our sources, the attacks were mainly carried out on high street lenders of Halifax and Bank of Scotland customers along with Lloyds bank customers. And the service disruption caused the customers of the above said financially institutes temporarily inaccessible to their respective online accounts.

As per the probe launched by Lloyds Bank, no customer suffered a financial loss as per the prima facie.

The National Cyber Security Center and the National Crime Agency who probed the Tesco Bank cyber heist on the previous note were informed about the latest. A cyber team is probing on the indulgence of some suspected state funded actors in this ordeal.

It has to be notified over here that two months ago, cyber crooks launched a similar attack on Tesco bank customers which made the bank’s 9k customers lose over 2.5 million pounds to hackers.

Lloyds bank customers could have been the latest victims of loosing money had the security features on the bank database not been super active.

But Lloyd’s bank customers along with Halifax and Bank of Scotland could not check their account balances or could not transfer payments online for two full days due to the cyber attack.

The Financial Times reported that the attack was launched by an international criminal gang which has previously targeted a public cloud services provider in 2014.

Though the attack was launched early this month, it was disclosed to the media on an official note on this weekend for reasons.

More details will be updated shortly!

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Naveen Goud
Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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