The German Federal Financial Supervisory Authority (BaFin) announced today that an ongoing distributed denial-of-service (DDoS) attack has been impacting its website since Friday.
BaFin is Germany’s financial regulatory authority, part of the Federal Ministry of Finance, responsible for supervising 2,700 banks, 800 financial, and 700 insurance service providers.
The regulator is known for its law enforcement role in Germany and internationally. In recent years, it imposed $10M and $5M fines on the Deutsche Bank and the Bank of America, respectively, for various violations.
The German agency informed today that it has taken all the appropriate security precautions and defensive measures to shield its operations from the hackers.
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