Russian Sberbank: Facing Massive Waves of DDoS Attacks

Sberbank, Russia’s banking and financial services company, has been the target of unprecedented hacking attacks. The bank was hit by the largest distributed denial-of-service (DDoS) attack in its history earlier this month. Thousands of internet users have been targeting Sberbank in recent months, according to Sergei Lebed, vice president and director of cybersecurity at Sberbank, who spoke to the audience at the Positive Hack Days conference. 

Sberbank is Russia’s largest financial institution and Europe’s third-largest, with total assets exceeding $570 billion. Following Russia’s invasion of Ukraine, the entity was among the first to be sanctioned, and its operations on the European continent have been severely limited as a result. Since the beginning of the crisis in February, hackers aligned with Ukraine have targeted Sberbank. 

This action, according to the bank, is ongoing. waves of agressive attacks Sberbank claims to have repelled the most significant DDoS attack it has ever witnessed on May 6, 2022, with a rate of 450GB/sec. DDoS assaults deplete resources, making online services inaccessible to clients, causing business interruption and financial losses. 

A botnet with 27,000 compromised devices in the United States, the United Kingdom, Japan, and Taiwan generated the malicious traffic that enabled the attack against Sberbank’s main website. According to Lebed, fraudsters employed vario

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