How much can a DDoS attack cost to a business?

According to the research "Corporate IT Security Risks 2016 "held by Kaspersky Lab and B2B and which involved more than 4.000 business representatives from 25 countries, a single attack DDoS can cost a company more than $ 1,6 million, although this size is highly dependent on how quickly the attack is detected.

Companies of different sizes who received DDoS attacks during the last 12 months were asked about the amount of costs incurred by them. As it turned out, for medium and large businesses (20% and 19% respectively), higher costs were caused by changes in their credit and insurance ratings, which is no surprise considering many DDoS attacks become publicly known.ddos-attack

For small businesses, the biggest costs from DDoS attacks were related to overtime for employees (17%). Furthermore, DDoS attacks were cited as one of the top five threats that could force companies to hire new employees. In particular, 37% of organizations that fell victim to such attacks are already planning to significantly increase their IT staff.

Other significant costs associated with DDoS attacks included customer compensation (12%), upgrading of IT and software infrastructure (10%), staff training (10%), and public relations costs to restore a company's reputation ( 9%). This can cause an average cost of a DDoS attack of around $ 106.000 for smaller companies and up to over $ 1,6 million for larger companies.

An important finding of the study was that if an attack is detected at the earliest 24 hours, costs may be nearly half as compared to an attack detected over a day later.

 "Our research shows that DDoS attacks are among the most expensive digital threats that businesses face. It is more expensive than a virus or an "infection" with a cryptomalware program. Even a DDoS attack can disable them online of a business for a long time , να βλάψει τη φήμη της και να της στερήσει υπάρχοντες ή μελλοντικούς πελάτες. Υπήρξαν περιστατικά όπου παρατεταμένες επιθέσεις DDoS έχουν οδηγήσει στην πτώχευση και το κλείσιμο επιτυχημένων διαδικτυακών επιχειρήσεων. Η προληπτική προστασία επιτρέπει σε μια εταιρεία να εντοπίσει γρήγορα μια εν εξελίξει επίθεση DDoS και, στην περίπτωση λύσης όπως το Kaspersky DDoS Protection, να ενημερωθεί το συντομότερο δυνατό για το χρόνο εκκίνησης μιας επίθεσης χάρη στο σύστημα DDoS . In this way, potential risks are prevented." said Alexey Kiselev, Project Manager, Kaspersky DDoS Protection.

For more information on DDoS attacks, you can view the reports Kaspersky DDoS Intelligence.

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Written by Dimitris

Dimitris hates on Mondays .....

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