Banks Skeptical About DDoS Cease-Fire

Institutions Urged to Monitor Traffic, Maintain Defenses
Banks Skeptical About DDoS Cease-Fire

Although the hacktivist group that has taken credit for distributed-denial-of-service attacks on U.S. banking institutions since mid-September says it's suspending its strikes, experts say banks and credit unions can't let down their guard anytime soon.

See Also: Secureworks Named a Major Player in the 2024 IDC MDR Marketscape

Izz ad-Din al-Qassam Cyber Fighters announced Jan. 29 on the open forum Pastebin that it was suspending its second DDoS campaign that's been ongoing since mid-December (see Hacktivists Suspend DDoS Attacks).

The hacktivists' decision to call off attacks is curious, and unexpected, says financial fraud expert Avivah Litan, an analyst at Gartner Research. "Banks should certainly remain on guard," she says.

In its most recent Pastebin post, the hacktivist group claims YouTube's removal of the most visited link to the "Innocence of Muslims" movie trailer, which it was protesting through the DDoS hits, spurred it to call off the campaign.

But several functioning links to the video on YouTube were still accessible as of Jan. 30.

YouTube, which is owned by Google, did not respond to BankInfoSecurity's request for a comment. In a brief statement provided to Information Week, however, Google declined to verify whether the most popular link to video had been removed.

Two online security experts, who asked not to be named, say they're skeptical of the group's claims about suspending attacks; some statements circulating in different online forums that have been attributed to Izz ad-Din al-Qassam Cyber Fighters reflect mixed messages about the group's intent to halt attacks.

Banking institutions must continue to be on the lookout for DDoS activity, stresses one banking executive, who also asked not to be named.

"We have all read it [Izz ad-Din al-Qassam's suspension announcement] with a high level of skepticism," the executive says. "We know we need to stay on guard for the next few months."

History of Attacks

Izz ad-Din al-Qassam Cyber Fighters has said since mid-September, when it launched its first DDoS campaign against leading U.S. banks, including Bank of America and JPMorgan Chase & Co., that the attacks were being waged in protest of the YouTube trailer, which the group deemed offensive to Muslims.

Claiming that the most visited link to the trailer had been removed, the hacktivists said in their Jan. 29 post: "The al-Qassam cyber fighters lauds this positive measure of YouTube and on this basis suspends his operation and plans to give a time to Google and U.S. government to remove the other copies of film as well. During the suspension of Operation Ababil, no attack to U.S. banks would take place by al-Qassam cyber fighters."

Litan warns that banking institutions should not take hacktivists' alleged suspension of attacks as a positive sign. "Now the hacktivists have discovered a new, effective weapon for extracting concessions from U.S. companies," she says. "That cannot be a good thing."

Industry Response

Only two of the recently targeted institutions, PNC Financial Services Group and Key Bank, responded to BankInfoSecurity's request for comment about the hacktivists' Jan. 29 announcement.

Lynne Woodman, spokeswoman for Key Bank, says increased traffic on the bank's website began to diminish late last week. Marcey Zwiebel of PNC Financial Services Group says PNC's online systems were operating normally as of Jan. 29.

But the unnamed banking executive says DDoS activity continues, regardless of the hacktivists' claims. The traffic may not be related to Izz ad-Din al-Qassam Cyber Fighters, the executive adds, but the continued "general noise against firewalls" is reason enough for banks and credit unions to increasingly enhance their defenses.

About the Author

Tracy Kitten

Tracy Kitten

Former Director of Global Events Content and Executive Editor, BankInfoSecurity & CUInfoSecurity

Kitten was director of global events content and an executive editor at ISMG. A veteran journalist with more than 20 years of experience, she covered the financial sector for over 10 years. Before joining Information Security Media Group in 2010, she covered the financial self-service industry as the senior editor of ATMmarketplace, part of Networld Media. Kitten has been a regular speaker at domestic and international conferences, and was the keynote at ATMIA's U.S. and Canadian conferences in 2009. She has been quoted by, ABC News, and MSN Money.

Around the Network

Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing, you agree to our use of cookies.