Almost three quarters of organizations were hit by a DDoS (Distributed Denial of Service) cyber attack in 2015. A global survey by Neustar reveals that 45 per cent also reported that malware or a virus was installed during a cyber breach.
Research also revealed that 82 per cent of those that had suffered a cyber incident were then repeatedly targeted, some as many as 6 times. Neustar’s study shows that 57 per cent of attacks involved some kind of theft of intellectual property, customer data or financial information.
“The findings of our most recent report are clear: attacks are unrelenting around the world but organizations are now recognizing DDoS attacks for what they are – an institutionalized weapon of cyber warfare – and so are protecting themselves,” said Rodney Joffe, Head of IT Security Research at Neustar.
Half of the organizations that were polled said that a DDoS attack would cost them at least $100,000 per hour during a peak-time attack with a third losing more than $250,000.