Companies Pay $6,500 an Hour to Recover from DDoS Attacks
Companies pay $6,500 an hour to recover from a DDoS attack and up to $3,000 a day to mitigate and recover from malware infections, according to a report by Solutionary. The security service provider said that sophisticated malware, DDoS attacks, the BYOD trend and Web application security are the top four threats that concern organizations.
The costs of cyber-attack recovery, based on real-world cases, include investing in new technologies, hiring extra personnel, third-party consultants and incident response teams. The figures could be a lot higher if lost productivity, downtime after DDoS attacks, and lost revenue were taken into consideration.
“Cyber criminals are targeting organizations with advanced threats and attacks designed to siphon off valuable corporate IP and regulated information, deny online services to millions of users and damage brand reputation,” Solutionary Chief Security Strategist Don Gray said.
The firm also found that Java has surpassed Adobe PDF as the most-targeted application. Nearly 40 percent of all analyzed exploits were based on Java vulnerabilities. Almost 45 percent of malware attack attempts targeted financial customers, while 35 percent went after retail customers.
Research also revealed US organizations face greater risk from domestic e-threats, with 83 percent of cyber-attacks against American companies coming from US-based IP addresses. Almost a quarter of US organizations hacked by co-nationals were governmental agencies.