Of all of the threats in the cyber criminals toolkit, the Distributed Denial of Service (DDoS) attack continues to weigh heavily on the mind of UK-based IT managers, according to a recent report.
Nearly half (41 percent) of all IT managers surveyed claimed they were ‘highly or extremely’ concerned about their organization being the victim of a DDoS attack, up 12 percent from 2012 according to a newly released Vanson Bourne survey commissioned by network security and DDoS defense provider Corero Network Security. The survey compared attitudes of 100 UK IT managers at mid-to large sized enterprises over a two-year period.
Ashley Stephenson, CEO of Corero Network Security said in a press statement that a lack of understanding might be fueling this heightened concern.
"It's interesting to note that in spite of the significant increase in perceived protection against DDoS attacks over the last year, IT managers are more concerned than ever about the threat of an attack," he said. "What's clearly apparent from this survey is that IT managers still do not properly understand the variety and sophistication of DDoS attacks and the risks that their organizations are taking in relying on firewalls to protect them."
This research comes at a time when the European community is still reeling from the recent Spamhaus incident, reportedly one of the largest DDoS attacks on record. That DDoS attack reportedly created pockets of Internet downtime throughout Europe.
These IT managers have some real-world proof to back up their concern. According to the survey, UK organizations experiencing attacks year-on-year had climbed to 25% in 2013 (up from 18% in 2012). With hacktivist activity towards banking websites appearing to be on the rise, 56 percent of those in the financial services sector are now citing a high or extreme level of concern versus 28 percent last year.
Bob Tarzey, an analyst and director at a UK-based analyst firm said in a press statement that enterprises are quickly realizing that their current security posture needs an overhaul.
"Organizations believe they have the basis for protection against targeted attacks, such as DDoS, when in fact they are referring to traditional security technologies," he said. "To be fair, many do understand the changing nature of the threats faced, but over-estimate their capability to mitigate them."
This is further bolstered by that fact that only 31 percent of respondents said they already had specialized anti-DDoS technology in place, while another 36 percent were relying on legacy measures -- such as firewalls -- to guard against attack and had no further plans to employ any additional security measures
That soon might change.
Global research firm IDC predicts -- in their Worldwide DDoS Prevention Products and Services 2013–2017 Forecast -- that the global market for DDoS prevention solutions, including products and services, is expected to grow by a compound annual growth rate (CAGR) of 18.2% from 2012 through 2017 and reach $870 million. They forecast that as volumetric-based attacks continue to proliferate, more advanced hybrid attacks that include application layer and encrypted traffic will grow, generating growth in the on-premise equipment market throughout the forecast period.
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