33% of businesses hit by DDoS attack in 2017, double that of 2016

Distributed Denial of Service attacks are on the rise this year, and used to gain access to corporate data and harm a victim’s services, according to a Kaspersky Lab report.

Cybercriminals are increasingly turning to Distributed Denial of Service (DDoS) this year, as 33% of organizations faced such an attack in 2017—up from just 17% in 2016, according to a new report from Kaspersky Lab.

These cyber attacks are hitting businesses of all sizes: Of those affected, 20% were very small businesses, 33% were SMBs, and 41% were enterprises.

Half of all businesses reported that the frequency and complexity of DDoS attacks targeting organizations like theirs is growing every year, highlighting the need for more awareness and protection against them, according to Kaspersky Lab.

Of the companies that were hit in 2016, 82% said that they faced more than one DDoS attack. At this point in 2017, 76% of those hit said they had faced at least one attack.

Cybercriminals use DDoS attacks to gain access to valuable corporate data, as well as to cripple a victim’s services, Kaspersky Lab noted. These attacks often result in serious disruption of business: Of the organizations hit by DDoS attacks this year, 26% reported a significant decrease in performance of services, and 14% reported a failure of transactions and processes in affected services.

Additionally, some 53% of companies reported that DDoS attacks against them were used as a smokescreen to cover up other types of cybercrime. Half (50%) of these respondents said that the attack hid a malware infection, 49% said that it masked a data leak or theft, 42% said that it was used to cover up a network intrusion or hacking, and 26% said that it was hiding financial theft, Kaspersky Lab found.

These results are part of Kaspersky Lab’s annual IT Security Risks survey, which included responses from more than 5,200 representatives of small, medium, and large businesses from 29 countries.

“The threat of being hit by a DDoS attack – either standalone or as part of a greater attack arsenal – is showing no signs of diminishing,” said Kirill Ilganaev, head of Kaspersky DDoS protection at Kaspersky Lab, in a press release. “It’s not a case of if an organization will be hit, but when. With the problem growing and affecting every type and size of company, it is important for organizations to protect their IT infrastructure from being infiltrated and keep their data safe from attack.”

Want to use this data in your next business presentation? Feel free to copy and paste these top takeaways into your next slideshow.

  • 33% of organizations experienced a DDoS attack in 2017, compared to 17% in 2016. -Kaspersky Lab, 2017
  • Of organizations hit by DDoS attacks, 20% were very small businesses, 33% were SMBs, and 41% were enterprises. -Kaspersky Lab, 2017
  • 53% of companies reported that DDoS attacks against them were used as a smokescreen to cover up other types of cybercrime, including malware, data leaks, and financial theft. -Kaspersky Lab, 2017

Source: http://www.techrepublic.com/article/33-of-businesses-hit-by-ddos-attack-in-2017-double-that-of-2016/

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