UK’s financial sector faces new wave of brute force DDoS attacks

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City AM

By Louis Goss The UK’s financial sector is experiencing a wave of brute force Distributed Denial of Service (DDoS) attacks, new data obtained through a freedom of information request shows. Hackers are increasingly using brute force tactics to launch cyberattacks against the UK’s financial sector, as they pivot away from using phishing and malware scams, the Financial Conduct Authority (FCA) data obtained by cybersecurity firm Picus Security shows. DDoS attacks accounted for 25 per cent of all hacking incidents reported to the FCA in the first half of 2022, compared to just four per cent in 20…

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