Security News > 2022 > May > Russian Sberbank says it’s facing massive waves of DDoS attacks
Russia's banking and financial services company Sberbank is being targeted in a wave of unprecedented hacker attacks.
Sberbank is Russia's largest financial company and the third-largest in Europe, with total assets counting over $570 billion.
On May 6, 2022, Sberbank says it repelled the biggest DDoS attack it has ever seen, measured at 450GB/sec.
DDoS are resource-depletion attacks that aim to make online services unavailable to customers, leading to business disruption and financial losses.
Lebed says they detected over 100,000 internet users attacking them in the past couple of months, while in March, they recorded 46 simultaneous DDoS attacks on different Sberbank services.
DDoS attacks at this level are likely to continue as long as the geopolitical tensions continue to create a polarizing environment, and as Sberbank's announcement concludes, they are may go down in number but grow in power.