The global financial sector is facing a sharp rise in Financial Services DDoS Attacks, with cybercriminals increasingly targeting banks, payment systems, and online financial platforms through larger, longer, and more attacks, according to new research from Akamai.

In its latest State of the Internet (SOTI) Security report titled AI-Empowered Botnets and API Visibility Gaps: Attack Trends in Financial Services, research warned that AI-powered botnets and politically motivated hacktivist groups are intensifying the cyber threat landscape for the banking and financial services industry.

Researchers found that Financial Services DDoS Attacks have become more persistent and operationally disru...