May 27, 2018, 9:56 pm
Facebook iconTwitter iconYouTube iconGoogle+ icon
1 Philippine Peso = 0.06987 UAE Dirham
1 Philippine Peso = 2.04394 Albanian Lek
1 Philippine Peso = 0.03405 Neth Antilles Guilder
1 Philippine Peso = 0.46707 Argentine Peso
1 Philippine Peso = 0.02507 Australian Dollar
1 Philippine Peso = 0.03386 Aruba Florin
1 Philippine Peso = 0.03804 Barbados Dollar
1 Philippine Peso = 1.58684 Bangladesh Taka
1 Philippine Peso = 0.03178 Bulgarian Lev
1 Philippine Peso = 0.00718 Bahraini Dinar
1 Philippine Peso = 33.30759 Burundi Franc
1 Philippine Peso = 0.01902 Bermuda Dollar
1 Philippine Peso = 0.02521 Brunei Dollar
1 Philippine Peso = 0.13049 Bolivian Boliviano
1 Philippine Peso = 0.06941 Brazilian Real
1 Philippine Peso = 0.01902 Bahamian Dollar
1 Philippine Peso = 1.2997 Bhutan Ngultrum
1 Philippine Peso = 0.18862 Botswana Pula
1 Philippine Peso = 380.82557 Belarus Ruble
1 Philippine Peso = 0.038 Belize Dollar
1 Philippine Peso = 0.02456 Canadian Dollar
1 Philippine Peso = 0.01888 Swiss Franc
1 Philippine Peso = 11.92087 Chilean Peso
1 Philippine Peso = 0.1215 Chinese Yuan
1 Philippine Peso = 54.23245 Colombian Peso
1 Philippine Peso = 10.69241 Costa Rica Colon
1 Philippine Peso = 0.01902 Cuban Peso
1 Philippine Peso = 1.79018 Cape Verde Escudo
1 Philippine Peso = 0.41871 Czech Koruna
1 Philippine Peso = 3.37645 Djibouti Franc
1 Philippine Peso = 0.12092 Danish Krone
1 Philippine Peso = 0.9416 Dominican Peso
1 Philippine Peso = 2.20987 Algerian Dinar
1 Philippine Peso = 0.25394 Estonian Kroon
1 Philippine Peso = 0.33993 Egyptian Pound
1 Philippine Peso = 0.51779 Ethiopian Birr
1 Philippine Peso = 0.01623 Euro
1 Philippine Peso = 0.03907 Fiji Dollar
1 Philippine Peso = 0.01422 Falkland Islands Pound
1 Philippine Peso = 0.01425 British Pound
1 Philippine Peso = 0.08823 Ghanaian Cedi
1 Philippine Peso = 0.89024 Gambian Dalasi
1 Philippine Peso = 171.23835 Guinea Franc
1 Philippine Peso = 0.13955 Guatemala Quetzal
1 Philippine Peso = 3.93875 Guyana Dollar
1 Philippine Peso = 0.14924 Hong Kong Dollar
1 Philippine Peso = 0.45305 Honduras Lempira
1 Philippine Peso = 0.11993 Croatian Kuna
1 Philippine Peso = 1.23264 Haiti Gourde
1 Philippine Peso = 5.18261 Hungarian Forint
1 Philippine Peso = 268.49914 Indonesian Rupiah
1 Philippine Peso = 0.06761 Israeli Shekel
1 Philippine Peso = 1.28921 Indian Rupee
1 Philippine Peso = 22.52235 Iraqi Dinar
1 Philippine Peso = 800.64676 Iran Rial
1 Philippine Peso = 2.00476 Iceland Krona
1 Philippine Peso = 2.38368 Jamaican Dollar
1 Philippine Peso = 0.01348 Jordanian Dinar
1 Philippine Peso = 2.08195 Japanese Yen
1 Philippine Peso = 1.91839 Kenyan Shilling
1 Philippine Peso = 1.2975 Kyrgyzstan Som
1 Philippine Peso = 77.23036 Cambodia Riel
1 Philippine Peso = 7.96595 Comoros Franc
1 Philippine Peso = 17.12003 North Korean Won
1 Philippine Peso = 20.46376 Korean Won
1 Philippine Peso = 0.00575 Kuwaiti Dinar
1 Philippine Peso = 0.0156 Cayman Islands Dollar
1 Philippine Peso = 6.24805 Kazakhstan Tenge
1 Philippine Peso = 158.41735 Lao Kip
1 Philippine Peso = 28.6285 Lebanese Pound
1 Philippine Peso = 3.00552 Sri Lanka Rupee
1 Philippine Peso = 2.59102 Liberian Dollar
1 Philippine Peso = 0.23569 Lesotho Loti
1 Philippine Peso = 0.05799 Lithuanian Lita
1 Philippine Peso = 0.0118 Latvian Lat
1 Philippine Peso = 0.02586 Libyan Dinar
1 Philippine Peso = 0.18008 Moroccan Dirham
1 Philippine Peso = 0.31929 Moldovan Leu
1 Philippine Peso = 0.99391 Macedonian Denar
1 Philippine Peso = 25.77516 Myanmar Kyat
1 Philippine Peso = 45.76412 Mongolian Tugrik
1 Philippine Peso = 0.15373 Macau Pataca
1 Philippine Peso = 6.73388 Mauritania Ougulya
1 Philippine Peso = 0.65627 Mauritius Rupee
1 Philippine Peso = 0.29618 Maldives Rufiyaa
1 Philippine Peso = 13.63553 Malawi Kwacha
1 Philippine Peso = 0.37196 Mexican Peso
1 Philippine Peso = 0.07566 Malaysian Ringgit
1 Philippine Peso = 0.23683 Namibian Dollar
1 Philippine Peso = 6.82899 Nigerian Naira
1 Philippine Peso = 0.59717 Nicaragua Cordoba
1 Philippine Peso = 0.15404 Norwegian Krone
1 Philippine Peso = 2.06962 Nepalese Rupee
1 Philippine Peso = 0.02745 New Zealand Dollar
1 Philippine Peso = 0.00732 Omani Rial
1 Philippine Peso = 0.01902 Panama Balboa
1 Philippine Peso = 0.0621 Peruvian Nuevo Sol
1 Philippine Peso = 0.06201 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.19897 Pakistani Rupee
1 Philippine Peso = 0.06975 Polish Zloty
1 Philippine Peso = 108.10348 Paraguayan Guarani
1 Philippine Peso = 0.06924 Qatar Rial
1 Philippine Peso = 0.0751 Romanian New Leu
1 Philippine Peso = 1.17631 Russian Rouble
1 Philippine Peso = 16.13468 Rwanda Franc
1 Philippine Peso = 0.07134 Saudi Arabian Riyal
1 Philippine Peso = 0.15092 Solomon Islands Dollar
1 Philippine Peso = 0.25547 Seychelles Rupee
1 Philippine Peso = 0.34155 Sudanese Pound
1 Philippine Peso = 0.16566 Swedish Krona
1 Philippine Peso = 0.02546 Singapore Dollar
1 Philippine Peso = 0.01422 St Helena Pound
1 Philippine Peso = 0.42241 Slovak Koruna
1 Philippine Peso = 149.32471 Sierra Leone Leone
1 Philippine Peso = 10.69051 Somali Shilling
1 Philippine Peso = 397.78391 Sao Tome Dobra
1 Philippine Peso = 0.16644 El Salvador Colon
1 Philippine Peso = 9.79608 Syrian Pound
1 Philippine Peso = 0.23678 Swaziland Lilageni
1 Philippine Peso = 0.60662 Thai Baht
1 Philippine Peso = 0.0483 Tunisian Dinar
1 Philippine Peso = 0.04363 Tongan paʻanga
1 Philippine Peso = 0.08961 Turkish Lira
1 Philippine Peso = 0.1286 Trinidad Tobago Dollar
1 Philippine Peso = 0.56886 Taiwan Dollar
1 Philippine Peso = 43.27563 Tanzanian Shilling
1 Philippine Peso = 0.49705 Ukraine Hryvnia
1 Philippine Peso = 71.0291 Ugandan Shilling
1 Philippine Peso = 0.01902 United States Dollar
1 Philippine Peso = 0.5933 Uruguayan New Peso
1 Philippine Peso = 151.83565 Uzbekistan Sum
1 Philippine Peso = 1494.25528 Venezuelan Bolivar
1 Philippine Peso = 433.30797 Vietnam Dong
1 Philippine Peso = 2.03595 Vanuatu Vatu
1 Philippine Peso = 0.04914 Samoa Tala
1 Philippine Peso = 10.63667 CFA Franc (BEAC)
1 Philippine Peso = 0.05136 East Caribbean Dollar
1 Philippine Peso = 10.63667 CFA Franc (BCEAO)
1 Philippine Peso = 1.926 Pacific Franc
1 Philippine Peso = 4.75366 Yemen Riyal
1 Philippine Peso = 0.23681 South African Rand
1 Philippine Peso = 98.716 Zambian Kwacha
1 Philippine Peso = 6.88415 Zimbabwe dollar

PRINTED CIRCUIT: How financial services firms can protect against DDoS attacks

by Brian Forster, Vice President of Marketing at Fortinet

DISTRIBUTED denial-of-service (DDoS) attacks are becoming increasingly common across the financial services industry. DDoS attacks occur when a portion of the network is targeted, typically at the networking, transport, or application layer, with a flood of requests that overwhelm network bandwidth, causing it to slow or crash completely. 

Traditionally, DDoS attacks are associated with hacktivists or nation-state backed cybercriminals who leverage the attacks for political means. However, as organizations become more reliant on the internet and web-based transactions, these attacks have evolved as a way to target businesses, especially those in the finance space, to make money. In fact, data shows that DDoS attacks are the most common type of cyberattack used against financial services firms, making up 32 percent of analyzed attacks.

CONSEQUENCES OF DDOS. Regardless of how they are carried out, DDoS attacks result in downtime. This is especially impactful as organizations undergo digital transformation and move core business capabilities online to meet consumer demands. Estimates figure that financial institutions can lose up to $100,000 per hour as a result of the downtime brought on by DDoS attacks. 

However, more than just downtime, DDoS attacks are also being used to extort organizations. Cybercriminals now have been known to threaten businesses with DDoS unless they are paid a fee. In addition to cyber extortion, DDoS attacks are commonly used as a distraction tactic to divert IT and security resources while cybercriminals install malware or other malicious programs that assist in the exfiltration of data. 

Wanting to protect consumer data, the bottom line, and business reputation, banks stand to lose a lot in the event of a DDoS attack, especially as they are expected to grow in frequency and size in the coming years.

LARGER, MORE FREQUENT ATTACKS ON THE HORIZON. In past years, we have seen large DDoS attacks target financial institutions at between 200 – 300 gigabytes per second. However, 2016 saw DDoS attacks that reached one terabit per second. Deloitte predicts that these larger attacks will continue on a greater scale, with at least one attack per month reaching the one terabit mark, and an expected 10 million DDoS attacks to be carried out throughout 2017.

FACTORS ENABLING DDOS. This growth in DDoS attacks is largely attributed to the increased number IoT devices being deployed along with the ease with which DDoS capabilities can be obtained.

1)    IoT Devices: The number of connected devices is rapidly increasing across the financial sector, and while they offer many conveniences and benefits to consumers, they are also largely insecure. Waves of vulnerable IoT devices are now being corrupted with malware and turned into bots. These devices are then networked to create a botnet, which might span hundreds of thousands of infected devices. These botnets are used to flood networks with malicious traffic, resulting in high volume DDoS attacks that are often able to take an entire site offline.

2)    Accessibility: At the same time, it has become increasingly simple to purchase malware, malware as a service, DDoS as service, and more on the dark web. This means that even without coding skills, people can launch sophisticated, effective attacks that leverage complex botnets.

TYPES OF DDOS ATTACKS. As financial services institutions seek to mitigate these growing threats, they must be aware of the most common types of DDoS attacks - those that occur at the network, transport, and application layer.  

Volumetric attacks are those that inundate the network with requests from various devices and computers, flooding the available bandwidth. Among the most common types of volumetric attacks is DNS amplification, in which a query is sent using a false target IP address.

Next, protocol attacks exploit vulnerabilities that exist in the third (network) and fourth (transport) networking layers. These exploits allow the attacker to deny access to a targeted server, website, etc.

Finally, application layer attacks target applications with requests that appear to come from legitimate users until the application in knocked offline by the inundation of requests. These types of attacks are considered the most difficult for security teams to detect and mitigate.

SECURING AGAINST DDOS ATTACKS . To mitigate the risks that DDoS attacks pose, financial services companies must employ a robust DDoS defense that protects against each of these attack vectors.

FortiDDoS defends organizations against bulk volumetric attacks, layer 7 application attacks, SSL-based attacks, DNS-based attacks, and IoT botnet attacks using behavior-based analysis rather than a signature-based approach. This is done by building an adaptive baseline of standard network activity using hundreds of thousands of parameters, which can then be monitored for abnormal activity. It also includes comprehensive reporting that allows IT teams to monitor top attackers, top attacked IP addresses, top attacked protocols, and more.
Rating: 
No votes yet