On Friday, Lithuania’s financial technology company Paysera was targeted by a Distributed Denial of Service (DDoS) attack, causing significant disruptions to its services. The attack began around 13:30 and affected the accessibility and performance of the company’s systems, particularly hindering e-commerce transactions. However, Paysera clarified that the attack did not compromise any customer data or funds, offering reassurance to its users who faced inconveniences during the incident. The company issued an apology for the disruption caused and emphasized that no financial or sensitive information was at risk.
Despite the intensity of the attack, Paysera’s technical team worked swiftly to resolve the issues.
By 15:30 on the same day, most of the problems had been addressed, and the company’s services began to stabilize. The remaining issues were fully resolved by midnight, allowing the company to restore its operations to normal. This quick recovery reflected the company’s effective response mechanisms to such cyber threats, although the attack had a notable impact on the user experience during its duration.
This DDoS attack marked the second such incident within a week, signaling a concerning pattern for Paysera. The company had faced another similar attack the previous week, which also disrupted services temporarily. While the nature of the attacks has not been disclosed in detail, CEO Marijus Plančiūnas described the assault as a well-planned operation, rather than a random or opportunistic event. This insight suggests that the attackers might have been specifically targeting Paysera’s infrastructure for a reason, potentially with the intention of causing maximum disruption to its operations.
The timing and frequency of these attacks highlight the growing threat of cyberattacks against financial technology companies. DDoS attacks, which overwhelm a system with traffic to disable it, have been used increasingly against firms in this sector, impacting both their operations and customer trust. As Paysera continues to recover and reinforce its defenses, the company has underscored the importance of maintaining robust cybersecurity measures to mitigate the risks posed by such well-coordinated cyber threats.
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