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A report from cybersecurity experts StormWall found the number of DDoS attacks used as a smokescreen in January 2023 rose by 28% globally compared to the same period of the previous year.
Cyberattacks on financial organizations are particularly common against their websites, as well as applications that provide remote banking services (RBS). These are complex, multi-component software systems that are critical to both banks and their customers and provide many different digital services – from paying bills and receiving statements to transactions involving deposits, loans, and other financial assets.
According to customer telemetry from StormWall, the number of DDoS attacks used as a smokescreen had increased by 28% globally in January 2023 compared to the same period in 2022.
- Overall, there was a 74% YoY increase in the number of DDoS attacks in 2022.
- The growth rate began slowing in the fourth quarter, and by December, attacks had decreased by 53%.
- The power of botnets surged in the year, powering over 2 Tbit/s attacks that stretched up to 3 days.
- Criminals targeted the fintech industry more than others. It suffered 34% of the incidents. There’s also been a 12-fold increase of attacks on financial services.
- Hacktivists contributed to the increase in the strength and duration of attacks, developing tools for politically motivated actions that were eventually adopted by for-profit criminals.
The DDoS threat is like Covid. It’s not going anywhere, but we can learn to live alongside it. Like vaccines and booster shots, there are tools that protect against it. And like masks and social distancing, there are steps we can take to stay safe.
StormWall, a cybersecurity service that specializes in providing DDoS protection for IT infrastructures of all sizes and complexity, including websites, networks and online services, today announced the opening of its sixth point of presence in Singapore, in partnership with IDCloudHost. The new location will operate in the Equinix SG3 data center, providing robust protection against DDoS attacks for customers in the Asia Pacific region.
As 2022 draws to a close, Ramil Khantimirov, CEO and co-founder StormWall, shared his views on the global trends affecting DDoS attacks, the motivations of hackers today and the main threats relating to DDoS attacks.
DDoS attacks are becoming more frequent and powerful. To understand the threat orgnaizations may be facing in the near future, StormWall experts analyzed the past frequency of attacks on the company's clients. The research concluded that we may be looking at a 130% increase in the number of DDoS attacks globally.
A new report has warned that as more cybercriminals learn the potential of distributed denial of service (DDoS) attacks, the popularity of such tactics are growing exponentially.
Experts believe that hackers employ both conventional public tools, originally designed for testing purposes, and specially developed, new utilities that they distribute as open source software. The newly developed tools are updated weekly and most of the updates increase their effectiveness. Since the software is free, it only requires computing resources to operate, which, in most cases, the attackers already have access to.
For metaverses, protectability will be critical because in large digital spaces the economy of scale is very noticeable. But for operators of modern gaming sites and social media, the trade-off between benefits and costs is also important, so their security must be given due attention.
StormWall expects a 130% increase in DDoS worldwide. The new wave of DDoS is forecasted to hit in September 2022 and will be targeted at multiple sectors, although businesses will be affected the most.
Distributed denial-of-service (DDoS) attacks on schools and higher institutions are reaching their all-time high, as DDoS tools become cheaper and more accessible than ever. What does it mean for online education?