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


The future-ready CFO: Driving strategic growth and innovation
This National Technology News webinar sponsored by Sage will explore how CFOs can leverage their unique blend of financial acumen, technological savvy, and strategic mindset to foster cross-functional collaboration and shape overall company direction. Attendees will gain insights into breaking down operational silos, aligning goals across departments like IT, operations, HR, and marketing, and utilising technology to enable real-time data sharing and visibility.

The corporate roadmap to payment excellence: Keeping pace with emerging trends to maximise growth opportunities
In today's rapidly evolving finance and accounting landscape, one of the biggest challenges organisations face is attracting and retaining top talent. As automation and AI revolutionise the profession, finance teams require new skillsets centred on analysis, collaboration, and strategic thinking to drive sustainable competitive advantage.