Fraud prevention expert Avivah Litan says fraudsters are increasingly using DDoS attacks to distract institutions during account takeover and other fraudulent schemes. Recent account takeover schemes have involved taking control of a banking institution’s payment switch during the midst of a DDoS attack. Litan is an analyst at Gartner and a recognized authority on financial fraud. The takeover of the payment switch, rather than individual accounts, is much more lucrative for the fraudster, she says. Litan: “When you’re under attack, all eyes are on the attack, and there’s not as many resources paying attention to other parts of your system””]
Source: https://www.cuinfosecurity.com/frauds-link-to-ddos-attacks-a-6146