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


Data trust in the AI era: Building customer confidence through responsible banking
In the second episode of FStech’s three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech examines the critical relationship between data trust, transparency, and responsible AI implementation in financial services.

Banking's GenAI evolution: Beyond the hype, building the future
In the first episode of a three-part video podcast series sponsored by HCLTech, Sudip Lahiri, Executive Vice President & Head of Financial Services for Europe & UKI at HCLTech explores how financial institutions can navigate the transformative potential of Generative AI while building lasting foundations for innovation.

Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.

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.