Prolexic, the global leader in Distributed Denial of Service (DDoS) protection services, announced that Bank Mashreq will be supported by Prolexic’s DDoS detection and DDoS protection services in the event that attacks are directed against its web site.
Since 1967, Mashreq has provided banking and financial services to millions of customers and businesses. With a growing retail presence in the region, including Egypt, Qatar, Kuwait and Bahrain as well as representative offices worldwide, awareness of the bank has increased along with the likelihood of DDoS attacks.
Mashreq has relied on the DDoS detection and DDoS protection services of its own security infrastructure; however, with DDoS attacks against financial institutions becoming larger and more intense, the bank took a proactive step to add more robust DDoS protection. Now, as a Prolexic client, when attacks become too large or complex to handle internally, it can draw upon Prolexic’s industry-leading 500 Gbps cloud-based mitigation platform and technicians based at the company’s Security Operations Center.
“Hosting providers, even with large networks and dedicated internal resources, are no match for today’s complex application layer or high packet-per-second attacks”, said Neal Quinn, chief operating officer at Prolexic. “Having additional DDoS defenses in place is critical for protecting hosted sites in the banking and financial services sector in light of the recent surge of attacks on this industry.”