Skip to content
Oleh Horokhovskyi, CEO of mobile-only banking service Monobank, at the company's office in Kyiv on July 4, 2023. (Pete Kiehart/Bloomberg via Getty Images)
This audio is created with AI assistance

Hackers targeted Ukraine's largest mobile-only bank, Monobank, with a powerful denial of service (DDoS) attack on May 2, the company's co-founder and CEO Oleh Horokhovskyi reported.

DDoS attacks direct excessive amounts of traffic at a website in order to overload its servers, often causing disruptions to service.

Horokhovskyi announced "another powerful DDoS attack" against the bank at around 1 p.m. local time.

The bank's CEO reported a similar attack earlier this year. The bank simultaneously received 580 million service requests.  

Horokhovskyi did not say who he thought was behind the attacks, though previous threats have been linked to Russian hackers.

Russia has launched thousands of cyberattacks against Ukrainian organizations since the start of its full-scale invasion.

Ukraine Business Roundup — No more border blockades, for now
The following is the April 30, 2024 edition of our Ukraine Business Roundup weekly newsletter. To get the biggest news in business and tech from Ukraine directly in your inbox, subscribe here. Polish farmers finally ended their protests at the Hrebenne-Rava-Ruska border crossing on April 29, effect…

News Feed

6:20 AM  (Updated: )

3 killed, 3 injured following Russia's attack on Kyiv.

Russia launched an attack on Kyiv early in the morning on Jan. 18, killing three people and injuring three others, Kyiv city military administration head Tymur Tkachenko reported.
5:04 PM

How will Russia’s war end?

Incoming U.S. President Donald Trump promised to end the Ukraine-Russia war during his campaign. As inauguration approaches on Jan. 20, the Kyiv Independent’s Francis Farrell lays out the four scenarios that could see an end to the war in Ukraine — for better or worse.
MORE NEWS

Editors' Picks

Enter your email to subscribe
Please, enter correct email address
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Subscribe
* indicates required

Subscribe

* indicates required
Subscribe
* indicates required
Subscribe
* indicates required
Explaining Ukraine with Kate Tsurkan
* indicates required
Successfuly subscribed
Thank you for signing up for this newsletter. We’ve sent you a confirmation email.