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Kaspersky LabKaspersky issued a Press Release today which said, ‘more than a quarter of attacks lead to the loss of sensitive data, an unexpected and damaging consequence of a (Distributed Denial of Service) DDoS attack’.  When DDos attacks happen more than a third of them coincide with network intrusions as well. One of the surveys detailed in the Kaspersky report found that 31% of small businesses and 22 % of enterprises were most likely to lose data as a result of a DDoS attack. In 12% of attacks their victims are confident they were organized by a competitor.

In many ways denial of service resembles ransomware attacks. They are not as overwhelming as malware and spam, they may be targeted, and smaller companies with limited IT budget suffer from them frequently. The technology behind DDoS attacks may be simple, but measures to avert them are quite complex and often require additional staff and/or training.  So, companies do not want to spend time and money trying to prevent DDoS attacks. The typical damage from a DDoS attack that are mostly targeted towards small-businesses are more than $50K in recovery bills. Enterprises spend a lot to recover from a third-party failure or cyber espionage attack, but a typical financial loss for enterprises from a DDoS attack is $417,000, below average compared to recovery from other types of attacks.

“Businesses have to re-evaluate their perception of a DDoS attack. The report clearly shows that the damage scope from such attacks goes far beyond the temporary downtime of a corporate website. Companies report total disruption to their operations, and in some cases – loss of sensitive data. Still, many businesses feel that a mitigation strategy is too complex and expensive to implement. The solution to this is straightforward: vendors have to take technical challenges upon themselves, offering an easy to implement and use solution to clients. This is the approach that we have chosen for the Kaspersky DDoS Protection solution,” commented Evgeny Vigovsky, Head of Kaspersky DDoS Protection, Kaspersky Lab.

Read the full report.

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