According to a new study, the popularity of distributed denial of service (DDoS) strategies is increasing as more cybercriminals learn about the potential of the attacks.
DDoS attacks have increased by 90% in just 12 months, with businesses in the telecoms industry experiencing the greatest deal, including nearly half (43%) of all incidents, and a seven-fold increase compared to Q3 2021.
Covid-19 is to blame, according to SonicWall, as the epidemic pushed most people into a remote working environment, meaning businesses were dependent on telecoms services to drive critical business processes as never before. Cybercriminals are fully aware of the fact and want to touch businesses where it is less significant, including ransomware attacks, data theft, identity theft, business email compromise attacks, and other forms of malicious activity.
As people leave their homes, entertainment activities are slowing.
According to SonicWall, this industry''s share of attacks is slowly dipping due to decreased usage of internet content (opens in a new tab) following the closure of lockdowns around the globe.
Fintech takes the third spot as a result of the 16.3% of all attacks in the country. This year, the number of attacks was nine times, with politically motivated threat actors following Russian financial companies the most common occurrence. This is evidently related to the Russia- Ukraine conflict.
Of the analyzed attacks on SonicWall, almost three-quarters (73%) were performed on the application layer, while 19% were packet floods directed at the network and transport layers of the OIS model.
A relatively high number of human rights organizations has seen attacks, including people who took control of the telecom industry and caused the number of incidents to fall, according to Ramil Khantimirov, the CEO of StormWall. Most attacks took place in the first two months of the quarter, indicating a period of calm, but it will be temporary. Hacktivists are not only to stop, but they also developed DDoS tools that are now in the hands of all actors. We should take a risk for a difficult Fourth quarter