DDoS Attacks Nearly Double Since January

DDoS Attacks Nearly Double Since January

Organizations experienced an average of 237 DDoS attack attempts per month during the third quarter (equivalent to eight DDoS attack attempts every day), which represents a 35% increase in monthly attempts compared to the previous quarter, and a 91% increase in monthly attack attempts compared to Q1.

That’s according to the latest DDoS Trends and Analysis report from Corero Network Security, which found that the rate of attacks, which is based on DDoS attack attempts against Corero customers, is being spurred along by the growing availability of DDoS-for-hire services, and the proliferation of unsecured internet of things (IoT) devices.

For example, the Reaper botnet is known to have already infected thousands of devices, and is believed to be particularly dangerous due to its ability to utilize known security flaws in the code of those insecure machines. Like a computer worm, it hacks into IoT devices and then hunts for new devices to infect in order to spread itself further.

 “The growing availability of DDoS-for-hire services is causing an explosion of attacks, and puts anyone and everyone into the crosshairs,” said Ashley Stephenson, CEO at Corero. “These services have lowered the barriers to entry in terms of both technical competence and price, allowing anyone to systematically attack and attempt to take down a company for less than $100. Alongside this trend is an attacker arms race to infect vulnerable devices, effectively thwarting other attackers from commandeering the device.  Cyber-criminals try to harness more and more internet-connected devices to build ever larger botnets.  The potential scale and power of IoT botnets has the ability to create internet chaos and dire results for target victims.”

In addition to the frequency of attacks, the Corero data reveals that hackers are using sophisticated, quick-fire, multi-vector attacks against an organization’s security. A fifth of the DDoS attack attempts recorded by Corero during Q2 2017 used multiple attack vectors. These attacks utilize several techniques in the hope that one, or the combination of a few, can penetrate the target network’s security defenses.

Stephenson added, “Despite the industry fascination with large-scale, internet-crippling DDoS attacks, the reality is that they don’t represent the biggest threat posed by DDoS attacks today. Cyber-criminals have evolved their techniques from simple volumetric attacks to sophisticated multi-vector DDoS attacks. Often lasting just a few minutes, these quick-fire attacks evade security teams and can sometimes be accompanied by malware and other data exfiltration threats. We believe they are often used in conjunction with other cyber-attacks, and organizations that miss them do so at their peril.”

Corero also observed a return of ransom denial of service, or RDoS, in the third quarter. A widespread wave of ransom DDoS threats from hacker group Phantom Squad started in September, targeting companies throughout the US, Europe and Asia. The extortion campaign spanned a variety of industries—from banking and financial institutions, to hosting providers, online gaming services and SaaS organizations—and threatened to launch attacks unless a Bitcoin payment was made.

 “Ransom is one of the oldest tricks in the cyber-criminal’s book, and with cryptocurrency, is an anonymous way for them to turn a profit,” said Stephenson. “As IoT botnets continue to rise, we may soon see hackers put on more dramatic RDoS displays to demonstrate the strength of their cyber firepower, so that their future demands for ransom will have to be taken more seriously. Paying the ransom is rarely the best defense, as it just encourages these demands to spread like wildfire. It is proven that with proper protection in place to automatically eliminate the DDoS threat, organizations will be in a much stronger position.”

Source: Information Security Magazine