November 20, 2017

Corero: DDoS attacks nearly double in 2017

File photo
Corero Network Security CEO Ashley Stephenson.

Cyber attacks are rising by an alarming rate, according to Marlborough cyber defense firm Corero Network Security.

Per a press release Monday, the company said its customers saw an average of 237 DDoS attacks per month during the third quarter, up 35 percent compared to Q2 and 91 percent up from Q1.

The rise is attributed to an increase in the availability of DDoS-for-hire services and proliferation of unsecured Internet of Things devices, Corero said.

CEO Ashley Stephenson said DDoS-for-hire services have lowered the barriers both in terms of technical skill and price, allowing anyone to attack and take down a company for less than $100.

The more unsecured devices connecting to the internet, the larger the network of botnets infecting other devices and spreading like a virus, the firm said.

The firm said it saw a widespread wave of ransom DDoS threats in Q3 from hacker group Phantom Squad. It started in September and targeted companies in the U.S., Europe, and Asia, hitting financial institutions, hosting providers, online gaming services and other organizations.

"The only way to keep up with these increasingly sophisticated, frequent and low-volume attacks is to maintain comprehensive visibility and automated mitigation capabilities across a network," Stephenson said, "so that even everyday DDoS attacks can be instantly detected and blocked as they occur and before they cause damage."

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