Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Technology > UK’S CRITICAL INFRASTRUCTURE SKIPPING BASIC CYBER SECURITY CHECKS AND IGNORING DDOS THREATS
    Technology

    UK’S CRITICAL INFRASTRUCTURE SKIPPING BASIC CYBER SECURITY CHECKS AND IGNORING DDOS THREATS

    UK’S CRITICAL INFRASTRUCTURE SKIPPING BASIC CYBER SECURITY CHECKS AND IGNORING DDOS THREATS

    Published by Gbaf News

    Posted on August 29, 2017

    Featured image for article about Technology
    • Freedom of Information data reveals lack of cyber resilience among critical infrastructure organisations, as UK considers imposing fines of up to £17m for infrastructure organisations that fail to protect themselves against cyber attacks, under the NIS Directive
    • CNI organisations could be ignoring 90% of the DDoS attacks on their networks by not mitigating short duration DDoS attacks, which are frequently used by hackers to distract from data theft attempts

    Over a third of national critical infrastructure organisations in the UK (39%) have not completed basic cyber security standards issued by the UK government, according to data revealed under the Freedom of Information Act by Corero Network Security (LSE: CNS), a leading provider of real-time DDoS defence solutions.

    The fact that so many infrastructure organisations have not completed the ’10 Steps to Cyber Security’ programme indicates a lack of cyber resilience within organisations which are critical to the functioning of UK society. It also suggests that some of these organisations could be liable for fines of up to £17m, or four percent of global turnover, under the UK government’s proposals to implement the EU’s Network and Information Systems (NIS) directive, from May 2018.

    The Freedom of Information requests were sent by Corero, in March 2017, to 338 critical infrastructure organisations in the UK, including fire and rescue services, police forces, ambulance trusts, NHS trusts, energy suppliers and transport organisations.  In total, 163 responses were received, with 63 organisations (39%) admitting to not having completed the ’10 Steps’ programme. Among responses from NHS Trusts, 42% admitted not having completed the programme.

    Sean Newman, Director of Product Management at  Corero, comments: “Cyber attacks against national infrastructure have the potential to inflict significant, real-life disruption and prevent access to critical services that are vital to the functioning of our economy and society. These findings suggest that many such organisations are not as cyber resilient as they should be, in the face of growing and sophisticated cyber threats.”

    Critical Infrastructure Operators Ignoring DDoS Threats

    Modern Distributed Denial of Service (DDoS) attacks represent a serious security and availability challenge for operators of essential services. This is why DDoS protection is highlighted within the government consultation on NIS as a mechanism that critical infrastructure should consider when protecting their services and availability from disruption caused by cyber attacks.

    But while most people equate DDoS with high-volume attacks, like that against DNS provider Dyn in 2016 that took down large parts of America’s internet, the vast majority of today’s attacks are actually short and low volume in nature.  In fact, 90% of DDoS attack attempts stopped by Corero during Q1 2017 were less than 30 minutes in duration, and 98% were less than 10Gbps in volume.  Due to their small size, these stealth DDoS attacks often go unnoticed by security staff, but they are frequently used by attackers in their efforts to target, map and infiltrate a network.

    Worryingly, the Freedom of Information data revealed that most UK critical infrastructure organisations (51%) are potentially vulnerable to these attacks, because they do not detect or mitigate short-duration surgical DDoS attacks on their networks.  As a result, just 5% of these infrastructure operators admitted to experiencing DDoS attacks on their networks in the past year (to March 2017).  However, if 90% of the DDoS attacks on their networks are also shorter than 30 minutes, as experienced by Corero customers, the real figure could be considerably higher.

    Sean Newman, continues: “In the face of a DDoS attack, time is of the essence. Delays of minutes, tens-of-minutes, or more, before a DDoS attack is mitigated is not sufficient to ensure service availability, and could significantly impact the essential services provided by critical infrastructure organisations.

    “By not detecting and investigating these short, surgical, DDoS attacks on their networks, infrastructure organisations could also be leaving their doors wide-open for malware or ransomware attacks, data theft or more serious cyber attacks. To keep up with the growing sophistication and organisation of well-equipped and well-funded threat actors, it’s essential that organisations maintain comprehensive visibility across their networks, to instantly and automatically detect and block any potential DDoS incursions, as they arise.”

    Additional information on how CNI can comprehensively protect against DDoS attacks and maintain service availability in the face of cyber attacks can be accessed here.

    • Freedom of Information data reveals lack of cyber resilience among critical infrastructure organisations, as UK considers imposing fines of up to £17m for infrastructure organisations that fail to protect themselves against cyber attacks, under the NIS Directive
    • CNI organisations could be ignoring 90% of the DDoS attacks on their networks by not mitigating short duration DDoS attacks, which are frequently used by hackers to distract from data theft attempts

    Over a third of national critical infrastructure organisations in the UK (39%) have not completed basic cyber security standards issued by the UK government, according to data revealed under the Freedom of Information Act by Corero Network Security (LSE: CNS), a leading provider of real-time DDoS defence solutions.

    The fact that so many infrastructure organisations have not completed the ’10 Steps to Cyber Security’ programme indicates a lack of cyber resilience within organisations which are critical to the functioning of UK society. It also suggests that some of these organisations could be liable for fines of up to £17m, or four percent of global turnover, under the UK government’s proposals to implement the EU’s Network and Information Systems (NIS) directive, from May 2018.

    The Freedom of Information requests were sent by Corero, in March 2017, to 338 critical infrastructure organisations in the UK, including fire and rescue services, police forces, ambulance trusts, NHS trusts, energy suppliers and transport organisations.  In total, 163 responses were received, with 63 organisations (39%) admitting to not having completed the ’10 Steps’ programme. Among responses from NHS Trusts, 42% admitted not having completed the programme.

    Sean Newman, Director of Product Management at  Corero, comments: “Cyber attacks against national infrastructure have the potential to inflict significant, real-life disruption and prevent access to critical services that are vital to the functioning of our economy and society. These findings suggest that many such organisations are not as cyber resilient as they should be, in the face of growing and sophisticated cyber threats.”

    Critical Infrastructure Operators Ignoring DDoS Threats

    Modern Distributed Denial of Service (DDoS) attacks represent a serious security and availability challenge for operators of essential services. This is why DDoS protection is highlighted within the government consultation on NIS as a mechanism that critical infrastructure should consider when protecting their services and availability from disruption caused by cyber attacks.

    But while most people equate DDoS with high-volume attacks, like that against DNS provider Dyn in 2016 that took down large parts of America’s internet, the vast majority of today’s attacks are actually short and low volume in nature.  In fact, 90% of DDoS attack attempts stopped by Corero during Q1 2017 were less than 30 minutes in duration, and 98% were less than 10Gbps in volume.  Due to their small size, these stealth DDoS attacks often go unnoticed by security staff, but they are frequently used by attackers in their efforts to target, map and infiltrate a network.

    Worryingly, the Freedom of Information data revealed that most UK critical infrastructure organisations (51%) are potentially vulnerable to these attacks, because they do not detect or mitigate short-duration surgical DDoS attacks on their networks.  As a result, just 5% of these infrastructure operators admitted to experiencing DDoS attacks on their networks in the past year (to March 2017).  However, if 90% of the DDoS attacks on their networks are also shorter than 30 minutes, as experienced by Corero customers, the real figure could be considerably higher.

    Sean Newman, continues: “In the face of a DDoS attack, time is of the essence. Delays of minutes, tens-of-minutes, or more, before a DDoS attack is mitigated is not sufficient to ensure service availability, and could significantly impact the essential services provided by critical infrastructure organisations.

    “By not detecting and investigating these short, surgical, DDoS attacks on their networks, infrastructure organisations could also be leaving their doors wide-open for malware or ransomware attacks, data theft or more serious cyber attacks. To keep up with the growing sophistication and organisation of well-equipped and well-funded threat actors, it’s essential that organisations maintain comprehensive visibility across their networks, to instantly and automatically detect and block any potential DDoS incursions, as they arise.”

    Additional information on how CNI can comprehensively protect against DDoS attacks and maintain service availability in the face of cyber attacks can be accessed here.

    Related Posts
    LakeFusion Secures Seed Funding to Advance AI-Native Master Data Management
    LakeFusion Secures Seed Funding to Advance AI-Native Master Data Management
    Clarity, Context, Confidence: Explainable AI and the New Era of Investor Trust
    Clarity, Context, Confidence: Explainable AI and the New Era of Investor Trust
    Data Intelligence Transforms the Future of Credit Risk Strategy
    Data Intelligence Transforms the Future of Credit Risk Strategy
    Architect of Integration Ushers in a New Era for AI in Regulated Industries
    Architect of Integration Ushers in a New Era for AI in Regulated Industries
    How One Technologist is Building Self-Healing AI Systems that Could Transform Financial Regulation
    How One Technologist is Building Self-Healing AI Systems that Could Transform Financial Regulation
    SBS is Doubling Down on SaaS to Power the Next Wave of Bank Modernization
    SBS is Doubling Down on SaaS to Power the Next Wave of Bank Modernization
    Trust Embedding: Integrating Governance into Next-Generation Data Platforms
    Trust Embedding: Integrating Governance into Next-Generation Data Platforms
    The Guardian of Connectivity: How Rohith Kumar Punithavel Is Redefining Trust in Private Networks
    The Guardian of Connectivity: How Rohith Kumar Punithavel Is Redefining Trust in Private Networks
    BNY Partners With HID and SwiftConnect to Provide Mobile Access to its Offices Around the Globe With Employee Badge in Apple Wallet
    BNY Partners With HID and SwiftConnect to Provide Mobile Access to its Offices Around the Globe With Employee Badge in Apple Wallet
    How Integral’s CTO Chidambaram Bhat is helping to solve  transfer pricing problems through cutting edge AI.
    How Integral’s CTO Chidambaram Bhat is helping to solve transfer pricing problems through cutting edge AI.
    Why Physical Infrastructure Still Matters in a Digital Economy
    Why Physical Infrastructure Still Matters in a Digital Economy
    Why Compliance Has Become an Engineering Problem
    Why Compliance Has Become an Engineering Problem

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Technology

    Explore more articles in the Technology category

    Can AI-Powered Security Prevent $4.2 Billion in Banking Fraud?

    Can AI-Powered Security Prevent $4.2 Billion in Banking Fraud?

    Reimagining Human-Technology Interaction: Sagar Kesarpu’s Mission to Humanize Automation

    Reimagining Human-Technology Interaction: Sagar Kesarpu’s Mission to Humanize Automation

    LeapXpert: How financial institutions can turn shadow messaging from a risk into an opportunity

    LeapXpert: How financial institutions can turn shadow messaging from a risk into an opportunity

    Intelligence in Motion: Building Predictive Systems for Global Operations

    Intelligence in Motion: Building Predictive Systems for Global Operations

    Predictive Analytics and Strategic Operations: Strengthening Supply Chain Resilience

    Predictive Analytics and Strategic Operations: Strengthening Supply Chain Resilience

    How Nclude.ai   turned broken portals into completed applications

    How Nclude.ai turned broken portals into completed applications

    The Silent Shift: Rethinking Services for a Digital World?

    The Silent Shift: Rethinking Services for a Digital World?

    Culture as Capital: How Woxa Corporation Is Redefining Fintech Sustainability

    Culture as Capital: How Woxa Corporation Is Redefining Fintech Sustainability

    Securing the Future: We're Fixing Cyber Resilience by Finally Making Compliance Cool

    Securing the Future: We're Fixing Cyber Resilience by Finally Making Compliance Cool

    Supply chain security risks now innumerable and unmanageable for majority of cybersecurity leaders, IO research reveals

    Supply chain security risks now innumerable and unmanageable for majority of cybersecurity leaders, IO research reveals

    Why AI's Promise of Efficiency May Break Tomorrow's Workforce

    Why AI's Promise of Efficiency May Break Tomorrow's Workforce

    Revolutionizing AppSec: The AI Security Crew Paradigm Shift

    Revolutionizing AppSec: The AI Security Crew Paradigm Shift

    View All Technology Posts
    Previous Technology PostTHE GROWING NEED FOR ROBUST PROJECT MANAGEMENT IN CLOUD DEPLOYMENTS
    Next Technology PostINDIA DRIVING DIGITAL TRANSFORMATION IN THE WEST