Home / Industry

Smokescreening: Data Theft Makes DDoS More Dangerous

The Danger Deepens: Neustar's Annual DDoS Attack Report – Neustar surveyed IT professionals at hundreds of companies to create the third annual report on the DDoS landscape — and it reveals surprising trends in attacks and threats. (Download the Report Here)It's called "smokescreening" and it's costing companies big.

In 2013, over 50 percent of companies hit by DDoS attacks suffered theft of funds, customer data or intellectual property. Attackers now use DDoS as a smokescreen for malware or virus insertions. This is one of the major findings in Neustar's just-released 2014 DDoS Attacks and Impact Report.

In one case, crooks used DDoS to help steal bank customers' credentials and drain $9 million from ATMs in just 48 hours. Such incidents have caused the FDIC to warn about DDoS as "a diversionary tactic."

"Here's an analogy," says Rodney Joffe, Neustar Senior Vice President and Senior Technologist. "When there's a tremendous storm, you run around your house making sure all the windows are closed and you've got the flashlights ready. You're not worried about anything else. DDoS attacks are similar. They create an all-hands-on-deck mentality, which is understandable but sometimes dangerous."

The potential for damage has experts like Joffe worried. "The stakes are much higher," he notes. "If you're a criminal, why mess around with extortion when you can just go ahead and steal — and on a much greater scale?"

What are the warning signs of smokescreening — and what preventive steps can you take? Download the full DDoS attacks report to learn more.

Neustar

About Neustar – Neustar is an information services and technology company and a leader in identity resolution providing the data and technology that enables trusted connections between companies and people at the moments that matter most. Neustar offers industry-leading solutions in Marketing, Risk, Communications, Security and Registry that responsibly connect data on people, devices and locations, continuously corroborated through billions of transactions. Neustar serves more than 8,000 clients worldwide, including 60 of the Fortune 100. Visit Page

Follow CircleID on
SHARE THIS POST

If you are pressed for time ...

... this is for you. More and more professionals are choosing to publish critical posts on CircleID from all corners of the Internet industry. If you find it hard to keep up daily, consider subscribing to our weekly digest. We will provide you a convenient summary report once a week sent directly to your inbox. It's a quick and easy read.

I make a point of reading CircleID. There is no getting around the utility of knowing what thoughtful people are thinking and saying about our industry.

Vinton Cerf, Co-designer of the TCP/IP Protocols & the Architecture of the Internet

Related

Topics

Domain Names

Sponsored byVerisign

Whois

Sponsored byWhoisXML API

IP Addressing

Sponsored byAvenue4 LLC

Cybersecurity

Sponsored byVerisign

New TLDs

Sponsored byAfilias

Cybercrime

Sponsored byThreat Intelligence Platform

DNS Security

Sponsored byAfilias