Akamai Finds Geopolitical Tensions Driving Surge in DDoS Attacks on Financial Institutions [Yahoo! Finance]
Akamai Technologies, Inc. (AKAM)
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Source: Yahoo! Finance
CAMBRIDGE, Mass. Sept. 17, 2024 /PRNewswire/ -- (NASDAQ: AKAM), the cloud company that powers and protects life online, today released a new State of the Internet (SOTI) report that shows financial services remains the most frequently targeted industry by Layers 3 and 4 distributed denial-of-service (DDoS) attacks for the second consecutive year. finds that financial services account for 34% of DDoS attacks. This is followed by gaming at 18% and high technology at 15%. Layer 3 and Layer 4 DDoS attacks target network and transport layers, overwhelming network infrastructure and exhausting server resources and bandwidth. The report reveals that the increased DDoS events stem from ongoing geopolitical tensions, which have fueled a surge in hacktivist activities. This includes one of the Akamai has ever observed against a major financial services company in Israel Navigating the Rising Tide: Attack Trends in Financial Services also details the involvement of well-known threat actors
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AKAM
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Sec Filings
- 11/8/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 9/13/24 - Form 4
- AKAM's page on the SEC website