Monobank, the largest mobile-exclusive bank in Ukraine, was hit by a significant DDoS (denial of service) attack on May 2, announced by the company’s co-founder and CEO, Oleh Horokhovskyi.
Such DDoS attacks aim to flood a website’s servers with overwhelming traffic, causing potential service interruptions and disruptions.
Horokhovskyi stated that the bank was subject to “another powerful DDoS attack” around 1 p.m. local time that day.
Earlier in the year, Monobank faced an analogous attack where it received an overwhelming 580 million service requests.
Although Horokhovskyi did not specify the perpetrators, previous incidents have seen Russian hackers as the prime suspects.
Since the onset of the full-scale invasion, Ukraine has been the target of numerous cyberattacks perpetrated by Russia.
FAQ Section
Q1: What is a DDoS attack?
A1: A DDoS (Distributed Denial of Service) attack is a cyber-attack where multiple systems overwhelm the targeted system with a flood of Internet traffic, potentially causing disruptions or complete shutdown of services.
Q2: Has Monobank been attacked like this before?
A2: Yes, earlier this year, Monobank experienced a similar DDoS attack involving 580 million service requests.
Q3: Did Oleh Horokhovskyi indicate who is behind the attack?
A3: Horokhovskyi did not directly attribute the recent DDoS attack to any specific group; however, Russian hackers have been linked to previous incidents.
Q4: How prevalent are cyberattacks against Ukraine?
A4: Ukraine has faced thousands of cyberattacks, especially since the beginning of the Russian full-scale invasion.
Conclusion
The recent DDoS attack on Ukraine’s Monobank underscores the ongoing cyber threats that the country faces, particularly during the heightened tensions with Russia. This type of aggressive cyber activity not only disrupts financial services but also highlights a broader tactic of digital warfare. It’s imperative for organizations to continuously reinforce their cyber defenses to mitigate the risks of such attacks. As we follow the developments of this incident, it’s crucial to acknowledge the resilience of Ukrainian institutions amidst these adversities.
Note: We, TheUBJ, do not produce the news content presented here. The information is based on a rewritten version sourced from various internet resources through AI news feed technology. The original https://kyivindependent.com/hackers-target-ukrainian-national-bank/ link is provided for reference.