Neustar, Inc., a trusted, neutral provider of real-time information services, today released its bi-annual Global DDoS Attacks and Cyber Security Insights Report, affirming DDoS attacks continue to be an effective means to distract and confuse security teams while inflicting serious damage on brands. The report highlights that brands experienced a 27 percent increase in the number of breaches per DDoS attack, despite suffering similar attack levels in the same time period last year.
Data from the report shows attackers are achieving higher levels of success against brands they only hit once: 52 percent of brands reported a virus associated with a DDOS attack, 35 percent reported malware, 21 percent reported ransomware and 18 percent reported lost customer data. Over a twelve-month period, 75 percent of respondents recorded multiple DDoS attack attempts following an initial assault on their brand’s network. The resulting breach ratio increases as the number of DDoS attacks increases, but the net result is it only takes one attack to breach a brand’s defenses. Findings suggest that cybercriminals are focused on taunting defenses, probing network vulnerabilities and executing more targeted strikes, instead of making noise with a singular, large attack.
“Organisations across Asia Pacific are not only being attacked more often, but also increasingly suffer from breaches, including malware activation and customer data theft, exposing themselves to financial and repu-tation damage,” said Robin Schmitt, General Manager, APAC at Neustar. “Businesses must continue to invest and improve their defences against the sheer power of the attackers, especially with so many organisations in the region simultaneously managing their digital transformation initiatives.”
Brands have a lot to lose – even if attacked only once
Globally, 92 percent of those attacked just once reported theft of intellectual property, customer data and/or financial assets and resources
Globally, 89 percent acknowledged some form of associated activity, including data theft, dangerous ransomware, and network compromise with DDoS attacks
51 percent of organisations in APAC discovered a virus following DDoS attacks
32 percent of organisations in APAC saw malware activation during DDoS attacks as part of multi-tactic assaults
Especially in Asia Pacific, Internet of Things (IoT) devices remain a tempting target for DDoS attackso 78 percent of brands in APAC that have IoT devices in active operation were attacked
Of those 78 percent, 28 percent suffered network compromises or damage to physical equipment
39 percent of respondents are actively focused on finding ways to prevent IoT devices from becoming compromised
Attacks and breach activities were not contained to large brands
Over 50 percent of mid-sized brands globally encountered an average of three breach incidents (malware, ransomware, virus, etc.)
Mid-sized brands in APAC were hit the hardest with 70 percent experiencing an attack
On average, DDoS attacks caused brands $4.3M in revenue generation risk
Brands are continuing to make DDoS protection a budget priority, with layered defenses and web application firewalls (WAFs) listed as a top investment. Respondents noted that on average their brands have at least two components of DDoS protection that can include appliance hardware, cloud services, and hybrid deployments. Notably, protection against application layer threats has increased significantly with WAF solution deployments nearly tripling in the past year. Using web application firewalls to protect the most exploited layer in the network stack reflects a brand’s drive for the right combination of defenses in an effort to protect against growing concerns associated with DDoS attacks.
Top motivators for increased budget spend on DDoS protection include:
Preserving customer confidence and brand reputation
Prevention of associated attacks, including ransomware
Proactively strengthen existing protection
“Brands need to continuously diversify their security strategy for DDoS – it’s no longer ‘good enough’ to accept a pre-packaged solution as the cornerstone of your security portfolio,” said Barrett Lyon, Vice President of Research and Development, Neustar Security Solutions. “Writing application code is difficult, but it is also fraught with security failings and attackers know this. Brands are making investments in layered protection, including the deployments of WAF solutions, to level the playing field and decrease the time cybercriminals will have to execute a successful attack.”