RANCHO CUCAMONGA, Calif. The rising tide of Distributed Denial of Service (DDoS) attacks on American financial institutions has led CO-OP Financial Services to commission a white paper on how credit unions can fight back.
Offered as a free service to the credit union movement, the white paper is entitled, “A Risk Based Approach to DDoS Protection for Credit Unions and Credit Union Service Organizations.” The white paper is written by Ray Zadjmool, President and Principal Consultant, of Tevora (
To register for and download the white paper, go to:
“CO-OP Financial Services is a source for strategic counsel as well as products to help credit unions operate profitability and at greater convenience for their members,” said Stan Hollen, president and CEO. “We have taken a very strong interest in the growing number of DDoS attacks, and we believe this free white paper to be of real value to credit unions seeking to protect themselves.”
The white paper examines the emerging threat of DDoS in detail, its effect on current and possible future regulations, and expands on recommendations made by NCUA in February. In addition, CO-OP said the white paper provides a broad overview of the DDoS prevention market, including a review of solutions, price points and other factors that should be considered by credit unions in establishing a risk mitigation strategy.
DDoS involves using an army of hijacked computers to overwhelm a site with so many requests for attention that it is unable to respond to legitimate requests and thus becomes unavailable. In recent years it has become a popular method to make a political or ideological point in which the target is some type of symbol. Financial institutions, including credit unions, have increasingly been the targets of DDoS attacks.
