One of the most damaging attacks on the internet is a DDoS attack. DDoS stands for Distributed Denial of Service. It is an attack that makes a server or website unavailable by flooding it with traffic from multiple sources.
These types of attacks are often used to make a point or to cause damage. There are many reasons why people would want to do this, but the most common reason is because they have been hacked and they want to take revenge on their attacker.
One of the major risks of DDoS attacks is that they can be a little bit unpredictable. Most DDoS attackers will use botnets to carry out their attack, which means it can get really hard to anticipate what’s about to happen. Because of this, you’ll want to prioritize making your server more resilient.
Faced with the constant danger of cyberbullying, CISOs need to decide which of these threats poses a major security threat and figure out how to shield your company from them. Estimating for future cyberattacks is also essential given that these costs can vary greatly as assignments fluctuate. Distributed Denial of Service attacks are at the top of the list as one of the most dangerous cyber threats on the market. It’s always frustrating to have your website or other web assets knocked offline, but they can be restored quickly and with no data loss. With Cloudflare DDoS Protection, you can rest assured that an attack will only impact one region of your website. No matter the situation, any downtime in IT can leave black hat hackers with the perfect opportunity to make the most of different threats. Stealing data or infecting your network with various computer viruses are all too common.
There are two major reasons why DDoS attacks are still a problem for CISOs:
1) Because they’re simple and inexpensive to do,
2) The damages they can cause can be really high-priced in terms of repair and lost profits, for example. Repair costs and lost revenue, for instance, are easy to predict. But so is the damage to your reputation and your marketshare if you’re not able to be available that often.
A lack of connectivity could cause downtime, but if it lasts for a long period of time, then fear and panic can ensue as people are left without access to their work. That’s why you need to make sure that your company is protected against any network failures so that your workforce won’t be affected. While summarizing the overall value of a DDoS attack, CISOs also have to weigh in on how much money they would be spending per hour of downtime.
Large attackers can take over some of your on-site IT infrastructure, which may need extensive restoration. In our experience, this can be time and resource intensive. For example, restoring a mail server could require 3 days of constant work instead of just 3 hours – which will cost more in the form of overtime or external coordinators fees. Presence of DDOS attacks in recent months has also placed an immense, sudden pressure on customer service representatives. This can delay their response-time and cause delays in customers receiving timely support they deserve. With more and more companies being targeted by DDoS attacks, restoring your IT systems is likely to be time-consuming and expensive. An external IT coordinator can also demand sizable fees for their services. As well as not just affecting IT staff, falls can also be bad for a company’s public relations – they can unsettle customers and put a strain on the customer support team who have to deal with customer complaints or requests.
Damage to product reputation
To prevent unnecessary downtime, it’s important for some industries to have good DDOS protection. In addition to games, website hosting, data centers and financial services, there are many other industries who rely on having strong protection. If customers are not happy with the quality of a product or service with a company, they might tell their friends in other ways (through social media networks, Google updates, etc). It is important to keep the voice of your customer in mind – to help gain new clients and increase revenue in an increasingly competitive market.
Loss of market share
Distributed denial-of-service (DDoS) assaults on your website can cause a lot of disruption. Sometimes they can make it impossible to access the site and this becomes frustrating for visitors who want to use your services. If a customer is able to find the same products they purchase from your organization elsewhere, they are then at risk of not relying on it as their only source of those goods.
The cost of the ransom
Though ransomware is a very different type of cyberattack, DDoS attackers have been pairing DDoS assaults with ransom requests in recent years. This is a concern for any employer. Hackers can seize work documents and release these ransomware attacks which will harm their reputation. The ransom fee they pay to hackers relies on the type of attack they’ve been subject to, but this could quickly add up to huge amounts of money. It is not wise to pay a ransom, but we have to face the reality that sometimes it is inevitable. Organizations don’t want it to become public knowledge so they often keep the information safe on their own premises. Earlier this year, every other exception was the colonial pipeline, wherein the enterprise paid $ 5 million for ransom to secure their release from captivity
How to Avoid Relaxation
DDoS attacks can be brief or prolonged. A prolonged-term attack can be very expensive but it is no longer enough to underestimate the harm resulting from quick-term assaults, especially if they happen often. Time is of the essence and it’s crucial that you’re able to quickly detect and address any service outages. Luckily, GSS Cloud Services can help with that; just click below to learn more!