Pan-European cybersecurity exercise simulates DDoS attacks on banks

European financial institutions, ISPs and government agencies participated in the cybersecurity exercise

By Lucian Constantin, IDG News Service |  Government

"The recent attacks on U.S. banks just go to show the increasing sophistication of hackers, or cyber criminals, and that any site can be brought down -- even some of the most well protected organisations," Paul Lawrence, vice-president of international operations at network security vendor Corero Network Security, said Thursday via email. "This goes to show that DDoS attacks have gone from a minor annoyance carried out by bedroom hackers, to a serious security threat that ENISA feels needs to be addressed."

Speaking at the Conference on Cyberspace in Budapest on Thursday, European Commission Vice-President and High Representative of the Union for Foreign Affairs and Security Policy Catherine Ashton said that trust and confidence should be improved between the private and public sector on matters of cybersecurity.

"To address challenges posed by transnational cyberthreats, we also have to step up our efforts in increasing cyber security capacity globally," Ashton said. "To make sure we can do this, there is a need for new capacity building programs and also for better coordination of existing initiatives."

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