RBS Computer Systems Hit By Cyber Attack
Yesterday, Royal Bank of Scotland websites suffered a cyber attack that left some customers unable to gain access to their accounts. This was the group's second computer crash in less than a week.
The bank issued a statement yesterday saying that sites were again running and there was no risk to customers.
According to the lender, on Thursday evening and yesterday its sites went down for about an hour after a "deliberate" surge in internet traffic intended at its NatWest website.
The bank articulated, "We have taken the appropriate action to restore the affected websites."This deliberate surge of traffic is commonly known as a distributed denial of service (DDoS) attack."
US banks, such as Citigroup and Bank of America, are reported to have been victims of parallel attacks, which are intended at high-profile institutions to cause maximum commotion.
JP Morgan, the biggest US bank, said earlier this week it had been hit by a different type of cyber-attack, warning 465,000 cash card customers that their personal information by have been accessed by hackers.
For upgrading the IT systems, the bank had assigned £450m which were developed when RBS bought NatWest in 2000. Union leaders blamed cost-cutting for Monday's inconvenience, whereas Ross McEwan, the bank's new chief executive, thought decades of under-investment in IT was the culprit.
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