An 18-year old man suspected of mounting a DDoS (Distributed Denial of Service) attack on an online Dutch bank Bunq was arrested by the police’s Team High Tech Crime. Bunq is an online bank that lets customers open payment account in approximately five minutes and to make payments with a selfie and a fingerprint. The suspect is alleged to have attacked other organizations as well including Dutch tax authorities and Tweakers Internet site. Police are also investigating whether the suspect was a ‘lone cyber criminal’ or part of a cybercrime gang.
Often, hackers mount DDoS attacks to distract the IT staff of an organization and plant other things like malware, ransomware, and to execute data theft. DDoS attacks have become so widespread that seasoned hackers also offer ‘DDoS attack-as-a-service’. This has also increased the financial and reputational impact for European businesses. Poland based Security Operations Center (SOC) of F5 Labs estimated that the past year saw 64% worldwide increase in DDoS attacks, 51% of it occurring in Europe, the Middle East, and Africa (EMEA) region.