Attacks/Breaches

2/23/2018
04:45 PM
Dark Reading
Dark Reading
Products and Releases
50%
50%

DDoS Breach Costs Exceed $2M for Enterprises: Kaspersky Lab Report

Woburn, MA – February 22, 2018 – According to Kaspersky Lab research, the financial impact of a Distributed Denial of Service (DDoS) attack is continuing to rise globally – totalling over $120K for SMBs and costing enterprises over $2M, per attack on average.

Kaspersky Lab’s IT Security Risks Survey 2017* shows that the average cost of a DDoS attack on organizations has risen dramatically over the past year. Whether as the result of a single incident or when DDoS has formed part of a multi-faceted cyberattack, the financial implications of reacting to a DDoS attack in 2017 is $123K for SMBs, compared to $106K in 2016.

For enterprises, the cost has soared to more than half a million dollars – from $1.6M in 2016 to $2.3M in 2017, on average. The rising financial costs of DDoS attacks, coupled with unquantifiable impacts such as reputational damage, is crippling for many organizations.

When asked about the specific consequences experienced as a result of a DDoS attack, most organizations (33%) claim that the cost incurred in fighting the attack and restoring services is the main burden, while a quarter (25%) cited money spent investing in an offline or back-up system while online services are unavailable. Additionally, 23 percent said that a loss of revenue and business opportunities occurred as a direct result ofDDoS attacks, whereas 22 percent listed the loss of reputation amongst clients and partners as another, direct consequence of a DDoS attack.

With DDoS attacks on the rise and the cost of picking up the pieces also rising year-over-year, organizations cannot afford to leave themselves vulnerable but they are often expecting third-parties to protect their business. According to the research, 34 percent of organizations expect their Internet Service Provider (ISP) will protect them and 26 percent expect their data center or infrastructure partners will protect them from DDoS attacks. Additionally, nearly a third (28 percent) claim that it is unlikely that they will be targeted by a DDoS attack in general.

“DDoS attacks, both standalone or as part of an attack arsenal, can cost an organization thousands, if not millions – that’s without counting reputational damage and lost clients and partners as a result,” said Kirill Ilganaev, head of Kaspersky DDoS protection, Kaspersky Lab. “It is therefore wise to be aware of these threats and invest in their ownprotective measures in advance. It is also important to choose reliable specialized security solutions that are based on cybersecurity expertise and tailored to fight the most sophisticated DDoS attacks organizations face today.”

*The IT Security Risks research is an annual survey conducted by Kaspersky Lab in conjunction with B2B International. In 2017 we asked more than 5,200 representatives of small, medium (50 to 999) and large (1000+) businesses from 29 countries about their views on IT security and the real incidents that they have had to deal with.

Comment  | 
Print  | 
More Insights
Comments
Newest First  |  Oldest First  |  Threaded View
Crowdsourced vs. Traditional Pen Testing
Alex Haynes, Chief Information Security Officer, CDL,  3/19/2019
BEC Scammer Pleads Guilty
Dark Reading Staff 3/20/2019
Register for Dark Reading Newsletters
White Papers
Video
Cartoon Contest
Write a Caption, Win a Starbucks Card! Click Here
Latest Comment: This comment is waiting for review by our moderators.
Current Issue
5 Emerging Cyber Threats to Watch for in 2019
Online attackers are constantly developing new, innovative ways to break into the enterprise. This Dark Reading Tech Digest gives an in-depth look at five emerging attack trends and exploits your security team should look out for, along with helpful recommendations on how you can prevent your organization from falling victim.
Flash Poll
The State of Cyber Security Incident Response
The State of Cyber Security Incident Response
Organizations are responding to new threats with new processes for detecting and mitigating them. Here's a look at how the discipline of incident response is evolving.
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2019-10016
PUBLISHED: 2019-03-25
GForge Advanced Server 6.4.4 allows XSS via the commonsearch.php words parameter, as demonstrated by a snippet/search/?words= substring.
CVE-2019-10018
PUBLISHED: 2019-03-25
An issue was discovered in Xpdf 4.01.01. There is an FPE in the function PostScriptFunction::exec at Function.cc for the psOpIdiv case.
CVE-2019-10019
PUBLISHED: 2019-03-25
An issue was discovered in Xpdf 4.01.01. There is an FPE in the function PSOutputDev::checkPageSlice at PSOutputDev.cc for nStripes.
CVE-2019-10020
PUBLISHED: 2019-03-25
An issue was discovered in Xpdf 4.01.01. There is an FPE in the function Splash::scaleImageYuXu at Splash.cc for x Bresenham parameters.
CVE-2019-10021
PUBLISHED: 2019-03-25
An issue was discovered in Xpdf 4.01.01. There is an FPE in the function ImageStream::ImageStream at Stream.cc for nComps.