Neustar Research Shows DDoS Attacks Can Cost Organizations On Average More Than $2.5 Million in Revenue

Neustar Research Shows DDoS Attacks Can Cost Organizations On
Average More Than $2.5 Million in Revenue

Neustar Building 10Tbps Global Defence Network
to Combat Growing Problem

May 3, 2017 –SINGAPORE. – Neustar, Inc. (NYSE: NSR), the global leader
connecting people, places and things with trusted identity, today released
the findings from its fourth annual Worldwide
DDoS Attacks and Cyber Insights Research Report. The report documents the frequency and cost
of attacks and what measures are being taken to counter these threats.

                                                                                                

The Neustar May 2017
Worldwide DDoS Attacks and Cyber Insights Research Report, a 52-page global
report, analyzes the responses of more than one thousand CISOs, CSO, CTOs
security directors and managers. The report also includes, for the first time,
Q1 attack data and trends captured from the Neustar DDoS Security Operations
Center. 

Highlights from
Neustar’s May 2017 DDoS and Cyber Security Insights Report include:

DDoS Attack Trends

·      Volumetric attacks getting larger – Globally, 45 percent of DDoS attacks were
more than 10 gigabits per second (Gbps); and, 15 percent of attacks were at
least 50 Gbps, almost double the number reported last year.

·      Nowhere to hide – 849 out of 1,010 organisations surveyed
globally were attacked with no particular industry spared, an increase of 15
percent since 2016. 727 – 85% of those attacked – were hit more than once.

·      Customers take on DDoS monitoring – 40 percent of respondents globally
reported receiving attack alerts from customers, up from 29 percent in
2016. 

Business Implication
Trends

·      It’s a game of risk – 33 percent of organisations in APAC
reported average revenue loss of at least $250,000, with 49 percent taking at
least three hours to detect and 42 percent taking at least three hours to
respond. 

·      It’s a race against crime – The instances of ransomware and malware
reported in concert with DDoS attacks were reported by 49 percent of
organisations in APAC. Globally, 51 percent of attacks involved some sort of
loss or theft with a 38 percent increase year over year in customer data,
financial and intellectual property thefts.

·      What’s in place is not enough – 99 percent of organisations globally have
some sort of DDoS protection in place, yet 90 percent of organisations are
investing more than a year ago and 36 percent think they should be investing
even more.

“With organisations
across Asia Pacific being attacked more often and DDoS attacks predicted to
become even larger and more complex, IT and business leaders need to evaluate
the effectiveness of existing security strategies,” said Robin Schmitt, General
Manager, APAC at Neustar. “The research shows that simply identifying an attack
and depending on basic defences is not enough. Organizations in the region need
to adopt stronger defenses and innovative solutions to more quickly and
effectively mitigate the growing risk and likely impact of a major DDoS
attack.”

Neustar and Harris
Interactive conducted global, independent research of 1,010 directors,
managers, CISOs, CSOs, CTOs, and other c-suite executives to find out how DDoS
attacks affect their organizations and what measures are in place to counter
these threats. The respondents span many industries, including technology,
financial services, retail, healthcare and energy. Nearly half of the
organizations reported annual revenues from $500M to $1B per year.

Although Q4 is
generally considered “DDoS season”, the Neustar Q1 attack data captured from
the Neustar DDoS Security Operations Center highlights a number of key
indicators that foreshadow this year will be another challenging one from a
DDoS threat landscape perspective.

·         The year is off to a
fast start –
Q1 is generally considered “pre-season,” but Neustar is already seeing
significant increases in average attack size and variety of attack
vectors. 

·         Emergence of new
attack vectors – Attackers are constantly seeking new ways to
turn legitimate infrastructure elements against their owners. Generic Routing
Encapsulation (GRE) based flood attacks and Connectionless Lightweight
Directory Access Protocol (CLDAP) reflection attacks are emerging as the new
hot attack trends for 2017.

·         Attacks continue to
get more complex – Multi-vector attacks have become the nearly
universal experience for Neustar mitigation operations, demonstrating that
attackers continue to launch more sophisticated attacks to penetrate
organizations defenses.

“The success of our
business depends heavily on the optimal operation of our website and we simply
can’t afford to go offline,” said Asif Ghafoor, CEO and Founder of Spacious.
“At Spacious, we pride ourselves on having the best
end-to-end user experience and with the threat of DDoS attacks or attacks on
our DNS infrastructure on the rise, the right level of protection is the key
priority. We are excited to have Neustar as a partner and to be protected by
their leading DDoS protection and secure DNS services.”

Industry Leader
Neustar Completes First Phase of Upgrade to 10 Tbps Global DDoS Mitigation
Capacity

In conjunction with
today’s release, Neustar announces it has tripled its global DDoS mitigation
network capacity to 3 Tbps and will continue to significantly increase to 10
Tbps by early 2018. The construction, implementation and capacity of this new
network is designed to stay ahead of the changing threat landscape and
neutralize new and future volumetric DDoS attacks, as well as easily containing
other types of DDoS attack vectors using proprietary DNS and IP intelligence
data.

“Innovation is in our
DNA at Neustar, and we are pushing the limits of what was already considered a
standard. We’re going well beyond any of our competitors or visions I had 20
years ago,” said Barrett Lyon, pioneer of the DDoS defense industry and
Head of Research and Development at Neustar Security Solutions. “With the
completion of our new global constellation of scrubbing centers, we will have
the largest, most distributed, and technically advanced DDoS defense network on
the planet. We will not only be defending our large enterprise clients but also
handling the overflow traffic many other providers will have during large
attacks.”

Download Neustar’s
Worldwide DDoS Attacks and Cyber Insights Research Report at ddosdefense.neustar.

Learn more about Neustar SiteProtect.