Hungarian banks, telecoms services briefly hit by cyber attack – Magyar Telekom

In this news, we discuss the Hungarian banks, telecoms services briefly hit by cyber attack – Magyar Telekom.

Some Hungarian banking and telecommunications services were briefly disrupted by a powerful cyber attack Thursday launched from computer servers in Russia, China and Vietnam, telecommunications company Magyar Telekom said on Saturday.

The event was a Distributed Denial of Service (DDoS) attack, a cyberattack in which hackers attempt to flood a network with unusually high volumes of data traffic in order to cripple it. The volume of data traffic in the attack was 10 times greater than the amount typically seen in DDoS events, the company said.

“This means that it was one of the biggest hacker attacks in Hungary, both in size and complexity,” he said. “Russian, Chinese and Vietnamese hackers attempted to launch a DDoS attack against Hungarian financial institutions, but they also tried to overwhelm Magyar Telekom’s networks,” the company added in a statement.

The attack, which unfolded in several waves, disrupted the services of some banks in the country and caused outages in Magyar Telekom’s services in parts of the capital, Budapest, before being repelled by the company. Hungarian bank OTP Bank has confirmed that it has been affected by the attack.

“There was a DDoS attack on the telecommunications systems serving some of the banking services on Thursday,” the bank said. “We pushed back the attempt with Telekom which was also affected and the brief interruption of some of our services ended on Thursday afternoon.”

News Highlights:

  • Some Hungarian banking and telecommunications services were briefly disrupted by a powerful cyberattack Thursday launched from computer servers in Russia, China and Vietnam, telecommunications company Magyar Telekom said on Saturday. The event was a Distributed Denial of Service (DDoS) attack, a cyberattack in which hackers attempt to flood a network with unusually high volumes of data traffic in order to cripple it.
  • Hungarian banks and telecommunications services briefly hit by cyberattack – Magyar Telekom
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