Federal Financial Institutions Examination Council issued an alert calling on financial institutions to take specific risk mitigation steps. Experts say the FFIEC statement likely was prompted by recent news reports of distributed denial-of-service attacks tied to extortion, such as those by the group known as DD4BC. They also note that ransomware attacks have been on the rise, and they urge banks to take heed of the risk mitigation recommendations. The alert was issued to increase awareness among its institutions on the trend of cyberattacks involving extortion.”]
Source: https://www.cuinfosecurity.com/ffiec-issues-extortion-attack-alert-a-8654