Tactical Advice

Businesses Pay Dearly for DDoS Attacks

Survey by Neustar finds that organizations can lose anywhere from $10,000 to $50,000 per hour during a distributed denial-of-service attack.
Businesses Pay Dearly for DDoS Attacks

The results of distributed denial-of-service (DDoS) attacks have been the subject of many recent headlines. Hacktivisit organizations such as Anonymous and LulzSec have used this form of network overload to bring down the likes of visa.com, Sony’s Playstation Network, and paypal.com.

While some information security experts have written off the assaults as the amateur work of “script kiddies,” Neustar, a communications industry research and analysis organization, conducted a survey on businesses that suffer from DDoS attacks and found they can lose as much as $10,000 to $50,000 per hour during a an attack. Can your business afford that kind of downtime?

The industries that suffered the most from DDoS attacks, according to the survey, were telecommunications, travel, finance, IT and retail. The telecom industry was the hardest hit, with 45 percent of telecom businesses surveyed saying they had been the target of a DDoS attack, followed by 32 percent for businesses in finance and travel. IT businesses came in at 28 percent, and 16 percent of retail businesses said they had experienced an attack.

One interesting note: While retail businesses made up the smallest percentage of businesses targeted by DDoS attacks, they appear to have the most to lose. Sixty-seven percent of the retail businesses surveyed said that a site outage could cost their businesses over $100,000 per hour in revenue.

Obviously, businesses should be judicious about protecting their site infrastructure to avoid falling victim to a DDoS assault. Firewalls, switches and routers can help protect these business-draining schemes.

Sign up for our e-newsletter

About the Author

Ricky Ribeiro

Online Content Manager

Ricky publishes and manages the content on BizTech magazine's web site. He's a writer, technology enthusiast, social media lover and all-around digital guy. You can learn more by following him on Google+ or Twitter:

Security

Three Ways to Integrate Fire... |
Follow these tips to align the devices with log management and incident tracking systems.
Why Cloud Security Is More E... |
Cloud protection services enable companies to keep up with security threats while...
Securing the Internet of Thi... |
As excitement around the connected-device future grows, technology vendors seek ways to...

Storage

The New Backup Utility Proce... |
Just getting used to the Windows 8 workflow? Prepare for a change.
How to Perform Traditional W... |
With previous versions going unused, Microsoft radically reimagined the backup utility in...
5 Easy Ways to Build a Bette... |
While large enterprises have the resources of an entire IT department behind them, these...

Infrastructure Optimization

Why Cloud Security Is More E... |
Cloud protection services enable companies to keep up with security threats while...
Ensure Uptime Is in Your Dat... |
Power and cooling solutions support disaster recovery and create cost savings and...
The Value of Converged Infra... |
Improvements in security, management and efficiency are just a few of the benefits CI can...

Networking

Securing the Internet of Thi... |
As excitement around the connected-device future grows, technology vendors seek ways to...
How to Maximize WAN Bandwidt... |
Understand six common problems that plague wide area networks — and how to address them.
Linksys Makes a Comeback in... |
The networking vendor introduced several new Smart Switch products at Interop this week.

Mobile & Wireless

Now that Office for iPad Is... |
After waiting awhile for Microsoft’s productivity suite to arrive, professionals who use...
Visualization Can Help Busin... |
Companies need to put their data in formats that make it consumable anytime, anywhere.
Linksys Makes a Comeback in... |
The networking vendor introduced several new Smart Switch products at Interop this week.

Hardware & Software

New Challenges in Software M... |
IT trends such as cloud, virtualization and BYOD pose serious hurdles for software...
Visualization Can Help Busin... |
Companies need to put their data in formats that make it consumable anytime, anywhere.
The Tools That Power Busines... |
Ever-evolving analytic software can greatly improve financial institutions’ decision-...