29 April 2017
visit http://events.sap.com/gb/fsi-forum-2017/en/home

Lloyds outages the work of an international criminal gang - FT

23 January 2017  |  5023 views  |  0 lloyds logo

Online problems experienced by Lloyds Banking Group earlier this month were the work of an international criminal gang, the Financial Times reports.

The UK banking group experienced intermittent outages for two days running as it allegedly fell victim to a distributed denial of service attack. Other UK banks were targeted in the take-down, but only Lloyds' customers were affected.

The breach hit all banks operating under the Lloyds brand, including Halifax and Bank of Scotland. TSB, which was carved out of Lloyds last year but still runs on the bank's tech platform, also experienced problems.

As the bank struggled to get its services back online it received a ransom demand for 100 bitcoin £75,000 disguised as a "consultancy fee" to reveal "security issues" that affected its online banking accounts.

The bank has yet to confirm or deny the reports, which are attributed to unidentified sources. It has yet to offer a public explanation for the downtime.

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

Lloyds tech problems run to second day

Lloyds tech problems run to second day

12 January 2017  |  5756 views  |  2 comments | 4 tweets | 5 linkedin
Russian banks hit by DDoS wave

Russian banks hit by DDoS wave

11 November 2016  |  5422 views  |  0 comments | 5 tweets | 8 linkedin
Hacker group hits Greek banks with DDoS extortion campaign

Hacker group hits Greek banks with DDoS extortion campaign

02 December 2015  |  5136 views  |  0 comments | 4 tweets | 7 linkedin
NatWest blames online outage on DDoS attack

NatWest blames online outage on DDoS attack

31 July 2015  |  10961 views  |  0 comments | 16 tweets | 5 linkedin
Millions looted as DDoS attacks provide cover for wire transfer heists

Millions looted as DDoS attacks provide cover for wire transfer heists

22 August 2013  |  8030 views  |  0 comments | 13 tweets | 8 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit dh.comVisit capgemini.comFind out more

Top topics

Most viewed Most shared
Six global banks join Swift DLT trialsSix global banks join Swift DLT trials
7799 views comments | 15 tweets | 36 linkedin
BBVA steps up fintech acquisition strategy with purchase of OpenpayBBVA steps up fintech acquisition strategy...
7029 views comments | 17 tweets | 16 linkedin
Should central banks open up payment and settlement systems to non-banks?Should central banks open up payment and s...
6107 views comments | 22 tweets | 21 linkedin
Token raises $15.7 million as PSD2 approachesToken raises $15.7 million as PSD2 approac...
5958 views comments | 20 tweets | 20 linkedin
JPMorgan formally quits R3JPMorgan formally quits R3
5867 views comments | 23 tweets | 13 linkedin

Featured job

to 120K base, £300K ote, stock options
London, UK

Find your next job