When DDoS Attacks Threaten Business Opportunities

 
 
By Karen A. Frenkel  |  Posted 04-08-2015 Email
 
 
 
 
 
 
 
 
 
  • Previous
    Cost per DDoS Attack
    Next

    Cost per DDoS Attack

    DDoS attacks cost small and mid-size businesses an average of $52,000 per incident. For large enterprises, an average of $440,000 is lost in business and IT spending.
  • Previous
    Top DDoS Consequences
    Next

    Top DDoS Consequences

    The most reported consequences of DDoS attacks include hiring IT security consultants (65%), temporary loss of access to business-critical information (61%) and reactive spending on software or infrastructure (49%).
  • Previous
    Top Four Long-Term Cost of DDoS Attacks
    Next

    Top Four Long-Term Cost of DDoS Attacks

    26% report lost business opportunities, 38% of businesses believe DDoS attacks damage their company's reputation, 29% report damage to their credit rating, 26% report an increase in insurance premiums
  • Previous
    Most Commonly Reported Effect During Attack
    Next

    Most Commonly Reported Effect During Attack

    The most commonly reported effect of a DDoS attack according to 52% of respondents is significant increases in page load times. 33% reported slight increases in page load times.
  • Previous
    Severe Outcomes of DDoS Attacks
    Next

    Severe Outcomes of DDoS Attacks

    More severe outcomes of DDoS attacks are transaction failures (29%) and complete disruption or complete unavailability of service (13%).
  • Previous
    Resolution Times
    Next

    Resolution Times

    The most common disruptions resulting from DDoS attacks are significant and slight page load time increases, which typically take one to several hours to resolve. But 20% of respondents afflicted by significant page load delays said they took more than one day to resolve, leading to massive losses of potential picks.
  • Previous
    Levels of Concern
    Next

    Levels of Concern

    Preventing DDoS attacks is a top priority for the IT departments of 23% of respondents. Surprisingly, the e-commerce/online retail sector gave the lowest rating of all business sectors (19%).
  • Previous
    DDoS Attacks Are IT's Problem
    Next

    DDoS Attacks Are IT's Problem

    61% of respondents feel the IT department and management teams are responsible for defending against DDoS attacks. 21% said it is the responsibility of the network service provider or Website/hosting provider.
  • Previous
    Reliance on Specialized Countermeasures
    Next

    Reliance on Specialized Countermeasures

    50% of respondents agree that specialized countermeasures against DDoS attacks are an important security requirement. Financial services and utility and energy sectors feel the strongest about this (both at 60%).
 

Businesses that are targeted in DDoS attacks also lose business opportunities and endure damage to their reputations, according to a new survey. Among the most common cyber-weapons, DDoS attacks cause loss of contracts and operations that generate guaranteed income and jeopardize brands, according to the study, "Global IT Security Risks Survey 2014–Distributed Denial of Service (DDoS) Attacks.” DDoS attacks can be particularly frustrating for IT managers, the report reveals, because they require relatively little technical expertise and attackers don't have to breach the business' carefully constructed network. "By simply flooding a company with inbound traffic," the report states, "a DDoS attack is able to achieve outcomes comparable to much more sophisticated cyber-attacks: a business unable to function, and left with large cleanup costs." Conducted by Kaspersky Lab, a vendor of endpoint protection solutions, the survey polled 3,900 respondents from 27 countries. Seventeen percent of the participants were large enterprises, 12 percent were in the large-medium category, and 25 percent were from companies with 250 to 1,500 employees.

 
 
 
 
 
Karen A. Frenkel writes about technology and innovation and lives in New York City.

 
 
 
 
 
 

Submit a Comment

Loading Comments...
 
Manage your Newsletters: Login Register