trending Market Intelligence /marketintelligence/en/news-insights/trending/G8xC7Fmq9TPl2y281QgjAg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

First Financial Holding units block cyberattack

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

First Financial Holding units block cyberattack

FirstFinancial Holding Co. Ltd.'s banking and brokerage units fought offan attack from unidentified hackers that partially affected its online servicesSept. 22.

FirstSecurities Inc. and First Commercial Bank Co. Ltd. received an email fromhackers asking for a ransom of 50 bitcoins to protect their electronic tradingsystems from attacks, Taipei Times reportedSept. 24, citing a filing from First Financial to the Taiwan Stock Exchange.

The companies detected a distributed denial-of-serviceattack Sept. 22 that resulted in a slowdown of their online services. FirstSecurities said it was still able to process clients' market orders despite theattack. The company finished blocking malicious IP addresses involved in theattack by 7:30 p.m. Taiwan time the same day.

First Commercial Bank restored its retail and corporateonline banking services the same day.

Taiwan's Financial Supervisory Commission said the incidentwas an isolated one and that no other threats or disruptions were found inother financial firms. Prosecutors are already looking into the case, the FSCsaid.