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Businesses are vulnerable to DDoS attack: Annual IT Security Risks research

Businesses are vulnerable to DDoS attack: Annual IT Security Risks research

Distributed
Denial of Service (DDoS) attacks are one of the biggest cyberthreats facing
organizations today, with the potential to quickly bring a halt to business
operations and lead to significant financial and reputational damage.

However, research from Kaspersky Lab has revealed that businesses are
falling behind in the race to protect themselves from the attacks, due a
reliance on others to do the job for them and a general lack of knowledge about
how to protect themselves against becoming a victim.

The IT
Security Risks research is an annual survey conducted by Kaspersky Lab in
conjunction with B2B International. In 2017, 5,274 representatives of small,
medium (50 to 999) and large (1000+) businesses from 29 countries were surveyed
about their views on IT security and the real incidents that they have had to
deal with.

Key findings

Despite 43%
of businesses feeling vulnerable to this type of attack, many of them (41%)
admit that although they would like to know more about cybersecurity, they
currently have little knowledge about the threat. Over a third of organisations do not use anti-DDoS solutions, but instead rely
on their Internet Service Provider (ISP) and data centre provider (26%) to shield them from attacks.

However, such an approach could put many companies at risk of suffering
from data loss and business disruption, as we witnessed with the high-profile DDoS attack which
brought down the servers of Dyn in 2016, affecting much of America’s Internet
access.

Another
challenge for businesses is that many businesses do not have a clear strategy
on how to react to DDoS attacks and lack basic countermeasures such as reserve
servers and data backups.

As a result,
they may be unprepared, hindering their ability to respond to the inevitable
attack when it does come. For those that do actively protect themselves against
DDoS attacks, this has only been due to being a victim in the past (30%) or
because they are required to do so for regulatory purposes (35%).

Trends

As reported
earlier
, experts
noted an increase in activity by both old and new botnets, growth in the
popularity of amplification DDoS attacks and the return of long-lasting,
multi-day DDoS attacks. At the same time, Asia-Pacific region is a targeted
geography that is experiencing a large number of attacks.

According to
Mr Alexey Kiselev, Project Manager on the Kaspersky DDoS Protection team, DDoS
attacks are showing no signs of slowing down.

“Every
business – no matter what its size or level of IT expertise – can be a victim.
Businesses must ensure they are prepared to defend against powerful and
sophisticated attacks, utilising insight from experienced personnel in tandem
with next-generation technology to ensure operations stay up and running and
business-critical data remains protected,” said Mr Kiselev.

What can a business do?

As an attack
on a data centre provider or ISP could do just as much damage to its partners
and customers if the situation is not managed properly, it is important for
businesses to understand the risks around DDoS and to take their own
precautions. 

Businesses
that want to be better prepared for DDoS should gain a better understanding of
the severity of such attacks and take responsibility for securing their company
perimeters from the increasing risk. This includes improving both prevention
and response plans, to safeguard corporate data and ensure operations are not
affected.

Kaspersky
DDoS Protection
can
help businesses defend themselves against DDoS attacks. The fully-integrated
solution features advanced intelligence and special sensor software to protect
organisations from the most complex and high-volume attacks.

Is your organisation getting the
protection it deserves? Download white paper here to find out more.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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