The new report from Arbor Networks, showing DDoS attacks are growing and becoming more sophisticated, highlights the need for businesses to guard against such attacks, or risk financial loss, severe reputational damage, and possibly the loss of valuable customers.
DDoS attacks are nothing new; they’ve been a threat for many years and are one of the most popular weapons in a cybercriminals’ arsenal. However, we’ve noticed attacks have become persistent and sometimes against the same organisations. For example, our Q3 2015 research found a wave of lengthy DDoS attacks on the online banking systems of eight well known financial institutions, with some banks repeatedly targeted.
The problem is that today DDoS attacks can be set up cheaply and easily, from almost anyone, whether that be a competitor, a dismissed employee, socio-political protesters or just a lone wolf with a grudge. In fact, although the cost to businesses from this kind of attack is on average around £291,000, the simplest DDoS attack can be acquired for only £32.30 and ordered anonymously. As a result, the volume of attacks has rapidly increased in recent years, so it’s imperative that businesses find an effective way to safeguard themselves from such attacks in 2016.
Companies can do this by partnering an internal specialist with an internet provider, to actively filter and weed out these types of crude attacks, and decrease the cost of customer protection, as well as reduce the risk of loss to the company.
About Kaspersky Lab
Kaspersky Lab is one of the world’s fastest-growing cybersecurity companies and the largest that is privately-owned. The company is ranked among the world’s top four vendors of security solutions for endpoint users (IDC, 2014). Since 1997 Kaspersky Lab has been an innovator in cybersecurity and provides effective digital security solutions and threat intelligence for large enterprises, SMBs and consumers. Kaspersky Lab is an international company, operating in almost 200 countries and territories across the globe, providing protection for over 400 million users worldwide.