Banking & Finance
Cyber resilience is a must
The banking & finance sector is
increasingly being targeted
by cyber criminals
Thanks to the widespread availability of online banking and online stock trading, the financial services sector has assumed an even more critical role. People are used to accessing their finances anytime and anywhere and conducting important transactions whenever they want. However, online financial services are also an attractive target for cyber criminals who, for example with DDoS attacks, have the ability to make entire banking portals inaccessible for a significant period of time. This leads to a significant damage for financial institutions and customers. Link11’s DDoS Protection exists specifially to prevent such incidents and safeguard online business.
The banking and finance services sector is regarded by the German federal government as critical infrastructure (= KRITIS), as a prolonged failure of these services could lead to a potential supply crisis within the country.
For this reason, the so-called IT Security Act applies here, provides for certain standards in the area of cyber security. Among other things, the law stipulates that the protection technology used must be state-of-the-art and that any data protection guidelines of the Federal Republic of Germany and the EU must be strictly adhered to. Of course, Link11’s patented protection solutions cover every requirement stipulated in the legislation.
Regulatory requirement: How you benefit with our solution
The Minimum Requirements for Risk Management (MaRisk) of the German Federal Financial Supervisory Authority (BaFin), as well as the clarifications through Bank Supervisory Requirements for IT (BAIT) and Payment Services Supervisory Requirements for IT (ZAIT) represent a major hurdle for financial companies. This is especially true when it comes to outsourcing IT processes and services. However, Link11 can help you overcome these hurdles with ease.
The digital trend creates additional dangers for the banking & finance sector
Digital transformation is in full swing in the banking sector
The business model of banking is changing (from direct customer contact to digital customer relationships)
Banking is going online: 24/7, worldwide
High dependency on online service availability and stability
“Critical infrastructure” with mandatory IT security requirements
Cyberattacks can disrupt online businesses
The financial sector is one of the most frequently attacked industries
Prolonged downtime leads to consumer fears that their money is no longer safe or even available
Risk potential even higher than a financial crisis (The World Economic Forum Davos)
Evolution from human vs. human to machine vs. machine
What can you expect from Link11?
With the Link11 hosting solution, DDoS protection is not only guaranteed 24/7 thanks to intelligent AI,
but we can also tailor our service packages to the exact needs of our customers.
Latest DDoS Warnings, News, Background Articles
New Security Blog Articles
After nearly 20+ years of working in the Telecom arena, I’ve seen a number of developments and challenges within the industry. One …
When cybercriminals combine a DDoS attack with a ransom demand, this is known as a ransom DDoS attack (RDDOS). The damage in …