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39% of businesses not ready to protect themselves against DDoS

Companies are not ready to protect themselves against DDoS, with four in ten (39%) businesses unclear about the most effective protection strategy to combat this type of attack, according to research from Kaspersky Lab. A lack of knowledge and protection is putting businesses at risk of grinding to a halt. DDoS attacks can quickly incapacitate a targeted business’s workflow, bringing business-critical processes to a stop. However, the research found that nearly a fifth (16%) of businesses are not protected from DDoS attacks at all, and half (49%) rely on built-in hardware for protection. This is not effective against the increasing number of large-scale attacks and ‘smart’ DDoS attacks which are hard to filter with standard methods. Large-scale cyberattacks are now commonplace, such as the recent attack on telecommunications provider StarHub, which faced a high-profile DDoS attack in October last year. Hackers are also showing a preference for DDoS attacks, with the proliferation of IoT devices today. As IoT devices have weak security protocols, they are easy targets for hackers to launch DDoS attacks from. As IoT devices are forecasted to hit 21 billion in 2020, each potential entry point into an organisation increases vulnerability to DDoS attacks. Many businesses are in fact aware that DDoS is a threat to them – of those that have anti-DDoS protection in place, a third (33%) said this was because risk assessments had identified DDoS as a potential problem, and one in five (18%) said they have been attacked in the past. For some, compliance, rather than awareness of the security threat, is the main driver, with almost half (43%) saying regulation is the reason they protect themselves. The problem for businesses is that, in many cases, they may assume they’re already protected. Almost half (40%) of the organizations surveyed fail to put measures in place because they think their Internet service provider will provide protection, and one in three (30%) think data center or infrastructure partners will protect them. This is also not always effective, because these organizations mostly protect businesses from large-scale or standard attacks, while ‘smart’ attacks, such as those using encryption or imitating user behavior, require an expert approach. Moreover, the survey found that a third (30%) fail to take action because they think they are unlikely to be targeted by DDoS attacks. Surprisingly, one in ten (12%) even admit to thinking that a small amount of downtime due to DDoS would not cause a major issue for the company. The reality is that any company can be targeted because such attacks are easy for cybercriminals to launch. What’s more, the potential cost to a victim can reach millions. “As we’ve seen with the recent attacks, DDoS is extremely disruptive, and on the rise,” says Kirill Ilganaev, Head of Kaspersky DDoS Protection at Kaspersky Lab. “When hackers launch a DDoS attack, the damage can be devastating for the business that’s being targeted because it disables a company’s online presence. As a result business workflow comes to a halt, mission-critical processes cannot be completed and reputations can be ruined. Online services and IT infrastructure are just too important to leave unguarded. That’s why specialized DDoS protection solution should be considered an essential part of any effective protection strategy in business today.” Source: http://www.networksasia.net/article/39-businesses-not-ready-protect-themselves-against-ddos.1486046674

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39% of businesses not ready to protect themselves against DDoS

Many businesses are relying on others to fight DDoS attacks

With large scale cyber attacks constantly hitting the headlines, businesses ought to be aware of the need to protect themselves. But a new study by Kaspersky Lab shows that 40 percent of businesses are unclear on how to protect themselves against targeted attacks and DDoS. Many believe that someone else will protect them and therefore don’t take their own security measures. 40 percent think their ISP will provide protection and 30 percent think data center or infrastructure partners will protect them. Moreover, the survey finds that 30 percent fail to take action because they think they are unlikely to be targeted by DDoS attacks. Surprisingly, 12 percent even admit to thinking that a small amount of downtime due to DDoS would not cause a major issue for the company. The reality of course is that any company can be targeted because such attacks are easy for cybercriminals to launch and the potential cost of a single attack can be millions. “As we’ve seen with the recent attacks, DDoS is extremely disruptive, and on the rise,” says Kirill Ilganaev, head of Kaspersky DDoS protection at Kaspersky Lab. “When hackers launch a DDoS attack, the damage can be devastating for the business that’s being targeted because it disables a company’s online presence. As a result business workflow comes to a halt, mission-critical processes cannot be completed and reputations can be ruined. Online services and IT infrastructure are just too important to leave unguarded. That’s why specialized DDoS protection solution should be considered an essential part of any effective protection strategy in business today”. The findings are based on Kaspersky Lab’s annual Corporate IT Security Risks survey conducted in cooperation with B2B International. In 2016, it surveyd more than 4,000 representatives of small, medium (50 to 999 employees) and large businesses (1000+) from 25 countries to find their views on IT security and the real incidents they had to deal with. Source: http://betanews.com/2017/01/05/business-ddos-rely-others/

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Many businesses are relying on others to fight DDoS attacks

DDoS often used as a diversion tactic

While businesses are preoccupied solving DDoS attacks, hackers go in the back door to do some looting. Distributed denial of service (DDoS) attacks make a lot of noise, and according to a new Kaspersky Lab report, that’s exactly what hackers are using them for. As businesses are preoccupied solving DDoS attacks, hackers use the opportunity for another, more targeted and more deadly type of attack. Basically, DDoS is nothing more than a smokescreen. The conclusion comes in Kaspersky Lab’s report which polled businesses about their cybersecurity experiences, and more than half (56 per cent) say DDoS is being used as a smokescreen. In more than a quarter (29 per cent) of attacks, DDoS has been part of the tactics. Another quarter (26 per cent) said when they lost data due to a targeted attack, they were also hit by DDoS. “DDoS prevents a company from continuing its normal activities by putting either public or internal services on hold,” said Kirill Ilganaev, Head of Kaspersky DDoS Protection. “This is a real problem to businesses and it is often ‘all hands on deck’ in the IT team to try and fix the problem quickly so the business can carry on as before. DDoS can therefore be used not only as an easy way to stop the activity of a company, but also as a decoy to distract IT staff from another intrusion taking place through other channels.” The usual tactics include exploiting mobile devices, phishing scams, or even malicious activity from insiders. “The research shows us that DDoS attacks are often aligned with other threats. Businesses therefore need to be aware of the full threat landscape and prepared to deal with multiple types of criminal activity at any one time,” Ilganaev continued. “Failure to do this could increase the collateral damage, on top of already significant losses caused by downtime and the resulting impact on reputation. Businesses need to use a reliable DDoS protection service to reduce the risk of DDoS and help staff concentrate their efforts on protecting the business from any threats that can be hidden as a result.” Source: http://www.itproportal.com/news/ddos-often-used-as-a-diversion-tactic/

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DDoS often used as a diversion tactic