DDoS attacks and threats posed by hacktivists pose big risks to banking institutions and other critical-infrastructure industries. Both were key threats noted by experts at our Fraud and Data Breach Prevention and Response Summit in Dallas. DDoS is used as a mode of distraction to veil some other attack taking place in the background (such as account takeover), or DDoS, in and of itself, is the attack. Today’s attacks on banks are far more damaging than they were three years ago.”]
Source: https://www.databreachtoday.com/blogs/experts-ddos-extortion-fuel-new-attacks-on-banks-p-1968