Karshi branch of tashkent university of information technologies named after mukhammad al-khorezmi

4. DDoS Attacks 
In 2020, the financial institution experienced the greatest number of Distributed 
Denial-of-Service (DDoS) attacks. 
During a DDoS attack, a victim's server is overwhelmed with fake connection 
requests, forcing it offline. 
DDoS attacks are a famous cyber threat against financial services because their 
attack surface is diverse, comprising of banking IT infrastructures, consumer accounts, 
payment portals, etc. 
This makes the impact of DDoS attacks penetrate deeper for financial entities. 
Cybercriminals could leverage the resulting chaos in two different ways: 
• 
Extra cyberattack campaigns can be launched while security teams are distracted 
by a DDoS attack. 
• 
Cybercriminals can offer to spot the DDoS attack if a ransom is paid, a strategy 
with a likelihood of success given the strict SLA agreements among financial 
institutions. 
DDoS Attack Statistics in the Financial Industry 
Finance Sector Experienced a 30% Increase in DDoS Attacks in 2020 
From 2019 to 2020, the financial services industry experienced a 30% increase 
in DDoS attacks, a spike that coincided with the start of the pandemic. 
Payment processes aren't always categorized as financial sectors because they're 
usually private companies or third-party vendors hired by banks to process payments. 

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Unfortunately, in the eyes of cybercriminals, their association with private banking data 
groups them in the same category. 
Password Login Attacks & DoS Attacks Were the Two Major Threats to Payment 
Processes in 2020 
In 2020, a couple of major cyber threats to payment processes were password login 
attacks and DoS attacks . 
Picture 1.5. Data Breach Reporting Events. 
Finance is the Third Most Target Sector for DDoS Attacks 
Finance is within the top three industries most targeted in DDoS attacks from 2020 
to 2021. 

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Picture 1.6. Statistics about percentages about most targeted industries in DDoS 
attacks 
Multi-Vector DDoS Attacks Have Risen by 80% in 2021 
Multi-vector DDoS attacks have growth by 80% in 2021 compared to the same 
period in 2020. These are DDoS attacks comprised of multiple campaigns to overwhelm 
security teams. 
5. Supply Chain Attacks 
During a supply chain attack, a victim is breached through a compromised third-