Lloyds Bank Suffered from an Enormous DDoS Attack, which Tried to Plug 20 Million Accounts.

Lloyds Bank based in the UK suffered from DDoS Attack from January 11 to January 13, where cyber criminals tried to block 20 Million bank accounts.Other than Lloyds, British Bank likes Halifax and Bank of Scotland bombarded with millions of fake requests, intended to granulate the group’s systems to collapse.The criminals usually demand a huge amount of ransom in bitcoins to end this destructive attacks. However, no accounts hacked during these massive attack. Hence, Lloyd did not pay a ransom.The source of the attack from across the Planet was “geo-blocked” by the IT experts of Lloyds. That move effectively stops legitimate customer request from that area. The cyber criminals then move to another server, and the geo-blocking game begins again.In a statement, Lloyds’ official said: “We encountered intermittent service issues with internet banking between Wednesday morning and Friday afternoon in January second week and are sorry for any inconvenience caused.”The incident comes just months after a far more severe cyber-heist against Tesco Bank when criminals launched an unmatched cyber attack that made a huge loss of £2.5m from 9,000 accounts.A few other major British banks have been hit by service outages in the course of recent years when their systems flooded with fraudulent requests.In January a year ago, HSBC’s internet banking facility was made inaccessible following a DOS attack, but luckily no transactions were affected.In 2015, Royal Bank of Scotland disclosed that it endured an online attack on its services that made customers wait for nearly an hour to log on to make any online transaction.Outdated computers and operating systems are permitting these nasty cyber criminals to target everyone from management level to individual employees in an organization, according to the Chancellor and Member of British Parliament, Philip Hammond. Due to this continues cyber-attacks against Britain’s financial infrastructure, British Government guaranteed to invest an extra £1.9bn in the cyber security field. The government also suggests the financial service entities create a single point of responsibility to tackle cyber risks.