German IT company, Fiducia & GAD IT AG, under Distributed Denial of Service attack

On Friday, a German IT company that serves many cooperative banks said, it was experiencing continued distributed denial-of-service (DDoS) attacks throughout the night.

In a statement, “Fiducia & GAD IT AG said, the DDoS attacks started on Thursday morning, shutting down or hindering the websites of some cooperative banks in parts of the country”.

While the issue stabilized by the afternoon, it again picked up in the evening with “further major attacks into the night”.

“Fiducia & GAD’s crisis team continues to monitor the systems closely in order to be able to react quickly to any new attacks,” said the company.

It went on to note, such attacks were common in the industry.

Fiducia & GAD IT AG’s spokeswoman said, the company could not immediately say how many banks were affected.

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