The Most Damaging Ramifications of DDoS Attacks

ddos.jpg

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 a survey conducted at RSA Conference 2015 and Infosecurity Europe 2015 by Corero Network Security.

In addition, 22 percent of respondents indicated that DDoS attacks have directly impacted their bottom line – disrupting service availability and impeding revenue-generating activity.

corero-072015-1.jpg

 

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,” according to Dave Larson, CTO at Corero Network Security.

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.

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-premise 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.

"It looks like this survey is trying to sell the merits of on-premise strategy equipment, said Jag Bains, CTO at DOSarrest. "What it fails to elaborate on, is the challenge of enterprise or hosting networks that do not have large amounts of capacity to be even be able to deliver traffic to the various on premise solution out there, which is a very costly endeavor in terms of capex and opex should they decide to upgrade their capacity," concludes Bains.

Avi Freedman, CEO at Kentik, agrees with Bains: "In many cases, organizations are finding on-premise DDoS appliances to be overly expensive to select, evaluate, and run, and they can't effectively alone protect against the largest attacks. Further, cloud-based or peering-based mitigation techniques are working well in the field for hundreds of customers, so long as there are reliable mechanisms to invoke them in a timely manner. Some of the highest traffic web properties in the world use cloud DDoS mitigation providers with no specialized on-prem hardware deployed or necessary."
Net-Security: http://bit.ly/1TC94WJ

« Airlines on Defence Amid Cyber Warfare: IATA
Repelling the cyber-attackers »

CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

North Infosec Testing (North IT)

North Infosec Testing (North IT)

North IT (North Infosec Testing) are an award-winning provider of web, software, and application penetration testing.

ManageEngine

ManageEngine

As the IT management division of Zoho Corporation, ManageEngine prioritizes flexible solutions that work for all businesses, regardless of size or budget.

Syxsense

Syxsense

Syxsense brings together endpoint management and security for greater efficiency and collaboration between IT management and security teams.

IT Governance

IT Governance

IT Governance is a leading global provider of information security solutions. Download our free guide and find out how ISO 27001 can help protect your organisation's information.

CYRIN

CYRIN

CYRIN® Cyber Range. Real Tools, Real Attacks, Real Scenarios. See why leading educational institutions and companies in the U.S. have begun to adopt the CYRIN® system.

Energy Sec

Energy Sec

EnergySec is a United States 501(c)(3) non-profit corporation formed to support energy sector organizations with the security of their critical technology infrastructures.

CORDIS

CORDIS

CORDIS is the European Commission's primary public repository and portal to disseminate information on all EU-funded research projects and their results.

Kore Telematics

Kore Telematics

Kore is a leading managed service provider for IoT and M2M applications.

National Intelligence Service (NIS) - South Korea

National Intelligence Service (NIS) - South Korea

The NIS oversees policy on cyber security in South Korea by formulating and coordinating the execution of such policy and devising necessary schemes and guidelines.

CYBERSEC Forum

CYBERSEC Forum

CYBERSEC Forum is an annual European Public Policy Conference dedicated to strategic aspects of cybersecurity.

Sectigo

Sectigo

Sectigo is a leading cybersecurity provider of digital identity solutions, including TLS / SSL certificates, DevOps, IoT, and enterprise-grade PKI management, as well as multi-layered web security.

Asset Guardian Solutions (AGSL)

Asset Guardian Solutions (AGSL)

Asset Guardian are dedicated to protecting the integrity of process control systems software that is used to control operations and production processes.

Optimum Speciality Risks

Optimum Speciality Risks

Optimum Speciality Risks are an experienced team of cyber insurance experts, backed by Lloyds of London.

Censys

Censys

Our customers rely on Censys data to get the global visibility they need of their attack surfaces in order to proactively prevent nation-state attacks and emerging threats.

Hassans International Law Firm

Hassans International Law Firm

Hassans is the largest law firm in Gibraltar, providing a full range of legal services across corporate and commercial law including Data Protection and GDPR compliance.

LogMeIn

LogMeIn

LogMeIn makes it possible for millions of people and businesses around the globe to do their best work simply and securely—on any device, from any location and at any time.

Cheops Technology

Cheops Technology

Cheops is a specialist in IT Business Technology Services. We help SMEs and large companies build, optimize and manage their IT so they can focus on their core business.

Creative Destruction Lab (CDL)

Creative Destruction Lab (CDL)

Creative Destruction Lab is a nonprofit organization that delivers an objectives-based program for massively scalable, seed-stage, science- and technology-based companies.

Kong

Kong

Kong - powering the API world. Increase developer productivity, security, and performance at scale with the unified platform for API management, service mesh, and ingress controller.

Ampsight

Ampsight

Ampsight specializes in enabling cloud integration, securing data, and navigating complications that drive critical-mission success.

TerraZone

TerraZone

TerraZone is a global cyber security and privacy solutions provider to governments and enterprises.