Firms blame competitors for DDoS attacks

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12 Jan Firms blame competitors for DDoS attacks

Nearly half (48%) of the companies surveyed believe they know the identity and motivation of those behind recent distributed denial of service (DDoS) attacks against them, with many naming competitors as key culprits, according to Kaspersky Lab and B2B International.

While criminals seeking to disrupt a company’s operations make up over a quarter (28%) of the suspects, one in eight (12%) companies believe that their competitors are responsible and have paid for DDoS attacks against them, making these cyber threats even more harmful.

This suspicion increases even more for those in the business services industry, with over a third surveyed (38%) believing that their competitors were behind a DDoS attack.

Other perpetrators cited by the respondents include criminals seeking to disrupt or distract while another attack took place (18%), criminals seeking to disrupt their services for a ransom (17%), political activists (11%) and governments or state powers (5%).

According to manufacturers (27%) and those in the telecoms industry (27%), the most popular motivation for the attacks was deemed to be a ransom.

“Businesses are becoming suspicious of each other and there is a real concern that many companies — including small and medium-sized ones — are being affected by the underhand tactics of their competitors, who are commissioning DDoS attacks directly against them, damaging their operations and reputation,” said Evgeny Vigovsky, head of Kaspersky DDoS Protection at Kaspersky Lab.

Vigovsky advises against paying a ransom or falling victim to cybercriminals or competitors. “Ensure that you have the appropriate security measures in place to help manage the increased risk posed to your business from DDoS attacks,” he said.

 

Source: Enterprise Innovation

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