Eskenzi PR ad banner Eskenzi PR ad banner
  • About Us
Sunday, 29 January, 2023
IT Security Guru
Eskenzi PR banner
  • Home
  • Features
  • Insight
  • Events
    • Most Inspiring Women in Cyber 2022
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us
No Result
View All Result
  • Home
  • Features
  • Insight
  • Events
    • Most Inspiring Women in Cyber 2022
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us
No Result
View All Result
IT Security Guru
No Result
View All Result

Degradation of Customer Confidence and Lost Revenues are the Most Damaging Ramifications of DDoS Attacks

by The Gurus
July 13, 2015
in Editor's News
Share on FacebookShare on Twitter

More than half of IT security professionals (52 percent) said loss of customer trust and confidence were the most damaging consequences of DDoS attacks for their businesses, according to new research from Corero Network Security (LSE: CNS), a leading provider of First Line of Defence® security solutions against DDoS attacks.
The research, conducted at the U.S. RSA Conference 2015 and Infosecurity Europe, also revealed that a fifth of respondents (22 percent) indicated that DDoS attacks have directly impacted their bottom line – disrupting service availability and impeding revenue-generating activity.
“An organization’s ability to maintain service availability in the wake of a DDoS attack is paramount in maintaining customers, as well as winning over new customers in a highly competitive market,” said Dave Larson, CTO and Vice President, Product at Corero Network Security. “When an end user is denied access to Internet-facing applications or if latency issues obstruct the user experience, the bottom line is immediately impacted.”
One-fifth of respondents cited a virus or malware infection as the most damaging consequence of a DDoS attack, and 11 percent indicated that data theft or intellectual property loss as a result of a DDoS event is of highest concern.
“DDoS attacks are often used as a distraction technique for ulterior motives. They’re not always intended for denying service, but rather as a means of obfuscation, intended to degrade security defenses, overwhelm logging tools and distract IT teams while various forms of malware sneak by,” Larson continued.
Nearly half of those surveyed admitted to responding reactively to DDoS attacks. When asked how they knew that they suffered a DDoS attack, 21 percent cited customer complaints of a service issue as the indicator of an attack, while 14 percent said the indicator was infrastructure outages (e.g. when their firewalls went down), and another 14 percent said application failures, such as websites outages, alerted them to the DDoS event. In contrast, less than half of respondents (46 percent) were able to spot the problem in advance by noticing high bandwidth spikes, an early sign of an imminent attack, by using other network security tools.
“It is an unfortunate but all too common issue when your customers are first to alert you to a service outage. From a technical perspective, it’s much harder to respond to an outage if you start off on the back foot. Real-time protection is really the only way to proactively combat the DDoS attacks targeting business,” Larson noted. “Using scrubbing centers to mitigate DDoS attacks off-site is a game of cat and mouse. With 96 percent of DDoS attacks lasting 30 minutes or less, by the time an on-demand defense has been engaged, it is already too late and the damage has been done.”
Approximately 50 percent of respondents rely on traditional IT infrastructure, such as firewalls or Intrusion Prevention Systems to protect against DDoS attacks, or they depend on their upstream provider to deal with the attacks. Only 23 percent of those surveyed have dedicated DDoS protection via an on-premises appliance-based technology or from an anti-DDoS cloud service provider. However, it appears that many organizations are more in tune with the ramifications of DDoS attacks, as 32 percent indicate that they have plans to adopt a dedicated DDoS defense solution to better protect their business in the future.
Larson concludes, “Attackers are finding new ways to apply DDoS tactics and mask malware and other vulnerability exploits, indicating that DDoS is a changing breed of threat that the Internet-connected business cannot afford to ignore. Relying on traditional infrastructure or upstream services to protect you against the frequent and increasingly sophisticated DDoS attack landscape is not a definitive solution. Dedicated DDoS protection technology that is deployed at the very edge of the network, or Internet peering can effectively inspect all Internet traffic and mitigate DDoS attacks in real-time removing the threat to your business before it can inflict damage.”

FacebookTweetLinkedIn
Tags: coreroCyber SecurityDDoSinformation securityit security
ShareTweetShare
Previous Post

21.5 Million Reasons to Defeat the Next Attack

Next Post

Hackers sell 79,267 Cloudminr accounts for ONE Bitcoin

Recent News

Data Privacy Day: Securing your data with a password manager

Data Privacy Day: Securing your data with a password manager

January 27, 2023
#MIWIC2022: Carole Embling, Metro Bank

#MIWIC2022: Carole Embling, Metro Bank

January 26, 2023
Lupovis eliminates false positive security alerts for security analysts and MSSPs

Lupovis eliminates false positive security alerts for security analysts and MSSPs

January 26, 2023
Threat actors launch one malicious attack every minute

Threat actors launch one malicious attack every minute

January 25, 2023

The IT Security Guru offers a daily news digest of all the best breaking IT security news stories first thing in the morning! Rather than you having to trawl through all the news feeds to find out what’s cooking, you can quickly get everything you need from this site!

Our Address: 10 London Mews, London, W2 1HY

Follow Us

© 2015 - 2019 IT Security Guru - Website Managed by Calm Logic

  • About Us
No Result
View All Result
  • Home
  • Features
  • Insight
  • Events
    • Most Inspiring Women in Cyber 2022
  • Topics
    • Cloud Security
    • Cyber Crime
    • Cyber Warfare
    • Data Protection
    • DDoS
    • Hacking
    • Malware, Phishing and Ransomware
    • Mobile Security
    • Network Security
    • Regulation
    • Skills Gap
    • The Internet of Things
    • Threat Detection
    • AI and Machine Learning
    • Industrial Internet of Things
  • Multimedia
  • Product Reviews
  • About Us

© 2015 - 2019 IT Security Guru - Website Managed by Calm Logic

This site uses functional cookies and external scripts to improve your experience.

Privacy settings

Privacy Settings / PENDING

This site uses functional cookies and external scripts to improve your experience. Which cookies and scripts are used and how they impact your visit is specified on the left. You may change your settings at any time. Your choices will not impact your visit.

NOTE: These settings will only apply to the browser and device you are currently using.

GDPR Compliance

Powered by Cookie Information