25 October 2019
The South African Banking Risk Information Centre (SABRIC) announced that the South African banking industry has been hit by a wave of DDoS attacks targeting consumer-facing services.
These attacks have also been accompanied by a ransom note, according to SABRIC.
DDoS attacks have become a major problem for South African companies lately, especially Internet service providers (ISPs) and local banks.
Numerous South African ISPs recently reported being targeted by DDoS attacks which caused major service interruptions.
These Distributed Denial of Service (DDoS) attacks began targeting local banks on 23 October 2019, resulting in interruptions to services such as online banking.
Added note by EMFSA:
These risks will be even greater with 5G -hackers can cripple a smart city, shut down electricity, communication systems, emergency services, water supply, banking…