Possible decline in shares of Lloyds

Lloyds Banking Group is working with law enforcement agencies to trace who may be behind a cyber attack that caused intermittent outages for customers of its personal banking websites almost two weeks ago, according to a source familiar with the incident.
Britain’s largest mortgage lender was hit by a distributed denial of service (DDoS) attack on Jan. 11, which carried on for two days, according to the source.
The disruption, which involved bombarding the websites with huge volumes of traffic from multiple systems so they overload a server, left some customers temporarily unable to use services such as checking their balance or sending payments.
DDoS attacks have become common tools for cyber criminals trying to cripple businesses and organisations with significant online activities.
Such campaigns may be part of attempts to extract ransom from these organisations or part of efforts to distract security teams in order to find other ways to break into an organisation’s network in order to grab customer data or steal money from accounts.
Lloyds said it would not speculate on the cause of the attack. No customers suffered any losses.
“Only a small number of customers experienced problems,” the bank said in a statement. “In most cases if customers attempted another log in they were able to access their accounts.”
Other banks have been hit by service outages in the past two years after their systems were breached by cyber attacks.

 Varchev Traders

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance