The financial sector has seen more brute-force attacks and credential stuffing incidents than DDoS attacks in the past three years, F5's cyber-security unit said in a report published today.
F5 tabulated statistics about attacks carried out against banks, credit unions, brokers, insurance, and the wide range of organizations that serve them, such as payment processors and financial Software as a Service (Saas).
The report's findings dispel the notion that DDoS attacks are one of today's most prevalent threats against the financial vertical.
In reality, F5 says that brute force attacks, credential stuffing, and all the other account takeover (ATO) attacks have been a much bigger threat to the financial sector between 2017 and 2019. This includes all the ATO variations such as: