South African bank tells its tale of battling ransom attacks

Since November 2015, the First National Bank of South Africa has fought off groups looking for money.

By Ryan Francis

In November of 2015, First National Bank of South Africa received a ransom email from the Armada Collective, which was quickly followed by a teaser flood attack that the bank proactively mitigated. Sort of a shot across the bow to make sure the bank knew the criminals were serious.

Bank officials didn’t flinch. According to a verbatim in Radware’s recently released Global Application & Security survey, the bank detected and mitigated the teaser flood attack before officials discovered the email, which had been sent to an unattended mailbox while the company was closed. With a hybrid DDoS mitigation solution in place, the flood attack had no impact and was immediately diverted to a scrubbing center for cleanup.

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