German banking IT company hit by DDoS attack

Fiducia & GAD IT, a German company that provides IT services to many of the nation’s co-operative banks has been hit by a distributed denial of service attack (DDoS).

DDoS attacks aim to overload a website by firing huge amounts of requests at it from multiple machines until it is forced to crash.

The IT provider has over 6,500 staff, spread across officers in Karlsruhe, Münster, Munich, Frankfurt and Berlin and has an annual turnover of around €1.5 billion.

Fiducia & GAD said the attack began at 10am CET on Thursday morning, causing the websites of many of the co-operative banks throughout Germany to become temporarily inaccessible.

The IT provider said that the situation had stabilised by the afternoon, but that the attacks continued in the evening.

Fiducia & GAD confirmed that self-service terminals were not affected and can still be used by bank customers but did not disclose how many banks were impacted.

DDos attacks have remained a consistently important attack vector for cyber criminals and continue to impact even the largest organisations.

Amazon Web Services (AWS) fought off one of the largest ever DDoS attacks in June 2020, while in the UK the Labour Party experienced some disruption to its campaign delivery because of a DDoS attack in December 2019.

    Share Story:

Recent Stories


Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.

Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.

Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.

Optimising digital banking: Unifying communications for seamless CX
In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.

This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.