Menu
​Finance, telco and IT targeted as DDoS attacks rise

​Finance, telco and IT targeted as DDoS attacks rise

“DDoS attacks have become one of the most popular weapons in the cybercriminal arsenal..."

Around one in four IT, telecoms and financial services companies experienced a distributed denial of service (DDoS) attack in the last 12 months.

However, Kaspersky Lab findings claim that while just under half (47 per cent) of financial businesses accept that they are prime targets, IT and telecoms companies don’t think they are any more at risk than other sectors, which could be leaving them vulnerable.

The study found that, overall, a third of companies (36 per cent) believe they are likely targets for a DDoS attack, increasing only slightly for IT (40 per cent) and telecoms businesses (38 per cent).

One in six (16 per cent) of those surveyed has actually been hit, but this figure rises to one in four for companies in the IT (21 per cent), financial services (22 per cent), and telecoms (24 per cent) sectors.

“DDoS attacks have become one of the most popular weapons in the cybercriminal arsenal, used to extort money, disrupt operations or damage reputations, and also to distract attention from another cyber-attack being carried out at the same time,” adds Evgeny Vigovsky, Head of DDoS Protection, Kaspersky Lab.

“Nearly 75 per cent of businesses have said that DDoS attacks against their companies corresponded with other security incidents.”

Yet the study shows that many companies lack awareness of DDoS and are unsure how to stop them or limit their impact.

Only 52 per cent of companies feel well-informed about DDoS attacks and just 53 per cent know how to prevent or mitigate them, rising to 61 per cent of those in financial services and telecoms.

“As the recent DDoS attacks on telecoms companies and banks reveal, businesses in these sectors represent prime targets for DDoS attackers,” Vigovsky adds.

“In some cases, DDoS attacks are a smokescreen for cyber-theft or result in exorbitant ransom demands.

“That is why vulnerable sectors need to be extra-vigilant about security and be ready to deal with DDoS attacks. They need to build their understanding of the threat and choose the best protection against it.

“The days of DDoS attacks being an operational frustration that just resulted in some downtime are long over.”


Follow Us

Join the New Zealand Reseller News newsletter!

Error: Please check your email address.

Tags ITsecurityddosfinanceTelcomalwarekaspersky lab

Featured

Slideshows

Sizing up the NZ security spectrum - Where's the channel sweet spot?

Sizing up the NZ security spectrum - Where's the channel sweet spot?

From new extortion schemes, outside threats and rising cyber attacks, the art of securing the enterprise has seldom been so complex or challenging. With distance no longer a viable defence, Kiwi businesses are fighting to stay ahead of the security curve. In total, 28 per cent of local businesses faced a cyber attack last year, with the number in New Zealand set to rise in 2017. Yet amidst the sensationalism, media headlines and ongoing high profile breaches, confusion floods the channel, as partners seek strategic methods to combat rising sophistication from attackers. In sizing up the security spectrum, this Reseller News roundtable - in association with F5 Networks, Kaspersky Lab, Tech Data, Sophos and SonicWall - assessed where the channel sweet spot is within the New Zealand channel. Photos by Maria Stefina.

Sizing up the NZ security spectrum - Where's the channel sweet spot?
Kiwi channel comes together for another round of After Hours

Kiwi channel comes together for another round of After Hours

The channel came together for another round of After Hours, with a bumper crowd of distributors, vendors and partners descending on The Jefferson in Auckland. Photos by Maria Stefina.​

Kiwi channel comes together for another round of After Hours
Consegna comes to town with AWS cloud offerings launch in Auckland

Consegna comes to town with AWS cloud offerings launch in Auckland

Emerging start-up Consegna has officially launched its cloud offerings in the New Zealand market, through a kick-off event held at Seafarers Building in Auckland.​ Founded in June 2016, the Auckland-based business is backed by AWS and supported by a global team of cloud specialists, leveraging global managed services partnerships with Rackspace locally.

Consegna comes to town with AWS cloud offerings launch in Auckland
Show Comments