In the latest report by CDNetworks, a global CDN service provider, the number of DDoS attacks in 2015 increased 118% compared to the year before and looks set to increase in 2016.
A DDoS (Distributed Denial of Service) attack attempts to make an online service unavailable by overwhelming it with traffic from multiple sources. Such attacks can cripple online businesses, negatively impacting an organization’s revenue, image and operations.
According to CDNetworks’ report, large attacks of over 10 gigabits per second (Gbps) of traffic accounted for over 20% of total DDoS attacks for the first time, signaling a growing trend in the amount of DDoS attack traffic.
In 2014, DDoS attacks mainly targeted gaming companies but in 2015, the scope widened to threaten public institutions and financial companies as well.
Cloud-Based DDoS Defense Centers Set to Grow
In 2016, DDoS attacks are expected to increase not only in frequency but also in the average attack traffic.
Organizations that attempt to fight DDoS attacks with a centralized defense posture will quickly become overwhelmed and buckle under such attacks, according to the report. As more companies turn to cloud-based security solutions to diffuse such attacks, cloud-based DDoS defense centers are set to grow.
“The number of DDoS attacks will increase as massive attacks can be launched at increasingly lower costs. Businesses will find that the best defense strategy is to turn to a global cloud-based infrastructure that can diffuse such attacks and ensure that their online operations remain undisrupted,” said Jerry Chung, Singapore Country Manager, CDNetworks. “This is especially crucial in the financial services industry, where any data breaches can result in loss of confidence in the company, negatively affecting its brand image and reputation.”
Mr. Chung will be speaking at The 7th Bank Tech Executive Summit 2016, held in March this year in Singapore and Hong Kong. There, he will share his vision on cloud security and issues including DDoS Protection for the Financial Services Industry.
The 2015 DDoS Attack Trends and Outlook for 2016 report is based on data analysis of CDNetworks’ customers around the world using its Cloud Security solution. The full version of this report can be downloaded here.
CDNetworks is a global content delivery network (CDN) with fully integrated cloud security DDoS protection and web application firewall. The company accelerates more than 40,000 websites and cloud services over a network of more than 200 global PoPs in established and emerging markets including China and Southeast Asia. CDNetworks’ offices are located in Singapore, the U.S., UK, South Korea, China, and Japan.