Tag Archives: Cyber Attacks

A release issued Thursday by the Federal Deposit Insurance (FDIC) urged financial institutions to "actively utilize available resources to identify and help mitigate potential cyber-related risks." The timing of the release is particularly germane, considering the recently discovered Heartbleed bug which affects almost two-thirds of the web, as well as recent cyber-attacks on industry giant Ellie Mae.

The recent technological attack on Ellie Mae could have been carried out by individuals with mortgage industry experience, the vendor says. The attacks occurred over a two-day span from March 31 to April 1, overwhelming the company’s servers with data requests that appeared to be legitimate communications.