Neustar: 2017 sees Increasing DDoS Cyber Attacks in Organizations and Businesses

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The fourth annual Neustar Worldwide DDoS Attacks and Cyber Insights Research Report, a 52-page global report, which was published in May 2017, analyzes the responses of more than one thousand CISOs, CSO, CTOs security directors and managers. The report also includes, for the first time, Q1 attack data and trends captured from the Neustar DDoS Security Operations Center. Additionally, Neustar announced

The report also includes, for the first time, Q1 attack data and trends captured from the Neustar DDoS Security Operations Center. Additionally, Neustar announced building of 10tbps global defense network to combat growing problem.

“Distributed Denial of Service (DDoS) attacks are the zeitgeist of today’s Internet,” said Barrett Lyon, pioneer of the DDoS defense industry and Head of Research and Development at Neustar Security Solutions. “The question organizations must ask now is how they are prepared to manage these highly disruptive events. Are they prepared for the bad day where their customers call and ask why the website is down?”

The report highlight DDoS Attack Trends including the increase volumetric attacks. The report indicated that 45 percent of DDoS attacks were more than 10 gigabits per second (Gbps); and, 15 percent of attacks were at least 50 Gbps, almost double the number reported last year. More to it, 849 out of 1,010 organizations were attacked with no particular industry spared, an increase of 15 percent since 2016. 727 – 86% of those attacked – were hit more than once indicating less security. Report also reflects that customers take on DDoS monitoring – 40 percent of respondents reported receiving attack alerts from customers, up from 29 percent in 2016.  In Business Implication Trends, it’s a game of risk – 43 percent of organizations report average revenue loss of at least $250,000 per hour, with 51 percent taking at least three hours to detect an attack and 40 percent taking at least three hours to respond.  The report also describes the situation as ‘a race against crime, rise in Ransomware’ – The instances of ransomware reported in concert with DDoS attacks increased 53 percent since 2016. 51 percent of attacks involved some sort of loss or theft with a 38 percent increase year over year in customer data, financial and intellectual property thefts. Lastly, it has become obvious that existing protection is not enough. 99 percent of organizations have some sort of DDoS protection in place, yet 90 percent of organizations are investing more than they did a year ago and 36 percent think they should be investing even more

Neustar and Harris Interactive conducted global, independent research of 1,010 directors, managers, CISOs, CSOs, CTOs, and other c-suite executives to find out how DDoS attacks affect their organizations and what measures are in place to counter these threats. The respondents span many industries, including technology, financial services, retail, healthcare and energy. Nearly half of the organizations reported annual revenues from $500M to $1B per year.

According to Neustar records and history, this year could be a very challenging year of DDoS threat. Usually, the first quarter of the year records low threats while the last quarter is marked by a pool of threats. However, the reports for Q1 this year is already seeing significant increases in average attack size and variety of attack vectors and an increasing emergence of new attack vectors – making it more complex to deal with.

Neustar, Inc. (NYSE: NSR), is a trusted, neutral provider of real-time information services. In addition to releasing the DDoS report, Neustar also announced that it has tripled its global DDoS mitigation network capacity to 3 Tbps and will continue to significantly increase to 10 Tbps by early 2018. The construction, implementation and capacity of this new network is designed to stay ahead of the changing threat landscape and neutralize new and future volumetric DDoS attacks, as well as easily containing other types of DDoS attack vectors using proprietary DNS and IP intelligence data.

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