22 July 2017
visit www.finastra.com

Ellie Mae hit by DDoS attack

04 April 2014  |  4389 views  |  0 Hands on Keyboard

Mortgage origination software provider Ellie Mae says that a distributed denial of service (DDoS) attack is to blame for its systems falling over earlier this week.

The company's Encompass 360 platform stopped working leaving lenders unable to process deals during the busy end-of-month period.

In a statement, Ellie Mae says it has "detected unusually high demand for services consistent with an external malicious attack".

There is no evidence of a data breach and Encompass 360 is now back up and running but forensic specialists have been called on to collect evidence.

Sig Anderman, CEO, Ellie Mae, says: "We recognise the critical role our services play in enabling our clients to serve their customers and deeply regret the inconvenience and delays".

The Federal Financial Institutions Examination Council yesterday called on the country's financial services firms to step up their readiness to repel Distributed Denial of Service Attacks, saying: "Each institution is expected to monitor incoming traffic to its public Website, activate incident response plans if it suspects that a DDoS attack is occurring, and ensure sufficient staffing for the duration of the attack, including the use of pre-contracted third-party servicers, if appropriate."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

GCHQ launched DDoS attack against Anonymous members

GCHQ launched DDoS attack against Anonymous members

05 February 2014  |  4286 views  |  0 comments | 6 tweets
Hacktivists suspend bank DDoS campaign

Hacktivists suspend bank DDoS campaign

29 January 2013  |  6268 views  |  0 comments | 2 tweets

Related blogs

Create a blog about this story (membership required)
visit www.finastra.comvisit vasco.com/news/PSD2-compliant-solutionsvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
German fintech factory FinLeap raises EUR39 millionGerman fintech factory FinLeap raises EUR3...
13388 views comments | 19 tweets | 15 linkedin
Mastercard to buy AI outfit BrighterionMastercard to buy AI outfit Brighterion
9593 views comments | 14 tweets | 20 linkedin
Barclays rides payments-as-a-service wave with investment in Form3Barclays rides payments-as-a-service wave...
8604 views comments | 16 tweets | 12 linkedin
hands typing furiouslyThe Digital Trade Chain: the blockchain tr...
8207 views 0 | 8 tweets | 16 linkedin
Mastercard and Scotiabank join Enterprise Ethereum AllianceMastercard and Scotiabank join Enterprise...
7099 views comments | 25 tweets | 15 linkedin