Business Wire

Neustar highlights rise in ransom-related DDoS attacks and greater use of existing attack vectors

Share

Neustar, Inc., a global information services and technology company and leader in identity resolution, has today published its report entitled ‘Cyber Threats and Trends: Pandemic Style’, detailing the security risks faced by companies as the COVID-19 pandemic accelerated the digital revolution.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210128005015/en/

To view this piece of content from mms.businesswire.com, please give your consent at the top of this page.

Figure 1: Percentage change in number of attacks by size category, 2020 vs. 2019 (Graphic: Business Wire)

Informed by data from Neustar’s Security Operations Center (SOC), the report reveals a 154 percent increase in the number of attacks between 2019 and 2020, with growth in ransom-related DDoS (RDDoS) attacks and a rise in use of existing attack vectors, including web applications. The report also provides key details around the amount, size, duration and intensity of DDoS attacks throughout 2020 to keep cyber security professionals informed.

DDoS ransom attacks on the rise

Primarily, the report highlights a rise in ransom-related DDoS attacks, by which extortion demands are issued against organisations. These attacks grew in persistence and sophistication, as well as by target, compared to previous years.

While RDDoS is not a new phenomenon for many online industries, attackers have recently set their sights on organisations across a wider variety of sectors including financial services, government and telecommunications.

One reason for the adoption of DDoS as a ransom vector, as opposed to using malware, is the ease with which such attacks can be carried out. Infecting an organisation’s networks with malware or ransomware takes time and careful planning. Launching a DDoS attack, in comparison, has become relatively simple and has the added benefit of being harder to trace back to its origin.

2020 saw bad actors posing as prolific threat groups such as Fancy Bear in ransom notes – capitalising on fear of high-profile nation-state attacks – and threatening DDoS attacks unless the ransom was paid within a specific time frame.

“Organisations should avoid paying these ransoms,” said Michael Kaczmarek, Vice President of Security Product Management at Neustar. “Instead, any attack should be reported to the nearest law enforcement field office, as the information may help identify the attackers and ultimately hold them accountable. Beyond this, organisations can prepare by setting up a robust DDoS mitigation strategy, including assessing the risks, evaluating available solutions, considering mitigation strategies and keeping their plan and provider up to date.”

Existing attack vectors

While 2020 did not see any dramatically new attack vectors emerge, there was certainly a greater use of existing ones like web applications, which were the top targeted hacking vector in 2020.

Numerous built-in access protocols, which have been increasingly exploited as attack vectors, came up again in 2020. In fact, the FBI issued an alert in July warning that common network protocols like ARMS (Apple Remote Management Services), WS-DD (Web Services Dynamic Discovery) and CoAP (Constrained Application Protocol) were being abused by hackers to conduct DDoS reflection and amplification attacks – while cautioning that disabling them could cause a loss in business productivity and connectivity.

In response to this heightened threat level, the results of the latest Neustar International Security Council (NISC) survey indicated that more cyber security professionals are outsourcing DDoS mitigation, having increased by a full percentage point in the last quarter alone.

DNS attacks

In 2020, Neustar also saw an increase in attacks on the Domain Name System itself — or what look like attacks, as bad actors abuse the system.

“Acting as the Internet’s address book and backbone of today’s digital services, it’s unsurprising that DNS is an increasingly appealing target for malicious actors, particularly as more consumers turn to websites during peak online shopping periods,” said Rodney Joffe, Senior Vice President and Fellow, Neustar.

Recent NISC survey data supports this trend, with three in five respondents in a December 2020 study reporting they had fallen victim to a DNS attack in the last year. Even more concerning, over 70 percent of organisations admitted to having reservations about their awareness of, and ability to respond to, DNS attacks.

The total number of DDoS attacks Neustar mitigated on behalf of its customers in 2020 increased by more than two and a half times over 2019. The largest attack size observed during this time was also the largest that Neustar has ever mitigated and, at 1.17 Terabits per second (Tbps), among the largest ever seen on the Internet. The longest duration for a single attack was also the longest Neustar has mitigated, at 5 days and 18 hours.

A copy of the Neustar report is available here.

-ENDS-

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 and Security 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. Learn how your company can benefit from the power of trusted connections here: https://www.home.neustar.

# # #

To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.

Contact information

Jenny Morris
Hotwire for Neustar
+44 (0)7393465529
neustaruk@hotwireglobal.com

About Business Wire

Business Wire
Business Wire
24 Martin Lane
EC4R 0DR London

+44 20 7626 1982http://www.businesswire.co.uk

(c) 2018 Business Wire, Inc., All rights reserved.

Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.

Subscribe to releases from Business Wire

Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from Business Wire

EGLE Therapeutics Strengthens its Leadership Team with the Appointment of Pejvack Motlagh, MD, MSc, as Chief Medical Officer and its Board of Directors with Appointment of John Celebi, MBA, as Independent Board Member10.5.2024 17:45:00 CEST | Press release

EGLE Therapeutics, a clinical-stage biotechnology company uniquely positioned to advance the next generation of regulatory T cell-focused therapies for oncology and auto-immunity, announced today the appointment of Pejvack Motlagh MD,MSc, as Chief Medical Officer and John Celebi, as Independent Board Member. “We are excited to welcome Pejvack and John at Egle and to benefit from their strong experience. The appointment of Dr Motlagh is critical for Egle, as the company is moving to clinical development of assets in oncology and auto-immunity. Pejvack will impact the future development of the rich pipeline at Egle, based on the modulation of regulatory T cells. As we advance toward the clinical development of EGL-001, John’s expertise in business development in the field of oncology is instrumental for us to successfully execute on our strategic priorities.” said Vincent Brichard, M.D., EGLE’s Interim CEO and Board member. “I am excited to join Egle Therapeutics to translate into the cl

HighRadius Named 2024 Gartner ® Magic Quadrant™ Leader for the Third Time in a Row10.5.2024 16:00:00 CEST | Press release

HighRadius, the leading provider of the Autonomous Finance Platform for the office of the CFO, has once again been named a Leader in the 2024 Gartner Magic Quadrant for Invoice-to-Cash Applications. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240510668572/en/ HighRadius Named 2024 Gartner® Magic Quadrant™ Leader for the Third Time in a Row (Graphic: Business Wire) Gartner Magic Quadrant gives enterprise technology shoppers an unbiased assessment of how well-competing providers are performing against Gartner’s market view and is supplemented by validated user reviews. According to Gartner, “Leaders execute well against their current vision and are well positioned for tomorrow.” This is the third consecutive year for HighRadius to be placed as a leader on the report. “We're honored to be recognized for our maniacal focus on invoice-to-cash business outcome improvements - DSO, Bad Debt, Interchange Fees, & Productivity,” sai

The Ministry of Investment of Saudi Arabia (MISA) Signs MoU with Ant International to Expand Business in Saudi Arabia, Supporting Regional Digital Innovation10.5.2024 15:36:00 CEST | Press release

The Ministry of Investment of Saudi Arabia (MISA) has signed a Memorandum of Understanding (MoU) with Ant International, to facilitate the business expansion into the Kingdom. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240507130337/en/ (Photo: Business Wire) Ant International’s President, Douglas Feagin, met with Mr. Eng Saleh Khabti, Deputy Minister of Investment of Saudi Arabia during a signing ceremony held in Riyadh, to welcome the new partnership and sign an agreement outlining shared goals for technological innovation and economic growth opportunities in Saudi Arabia. Through this partnership, MISA welcomes and supports Ant International’s expansion plan to establish an entity in Saudi Arabia, enabling assistance when acquiring licences and certificates to expand and enhance its service offerings. Ant International will use Saudi Arabia as a key gateway into the Middle East to further expand the reach of its paymen

Wipro Appoints Vinay Firake as Chief Executive Officer for APMEA Strategic Market Unit10.5.2024 15:11:00 CEST | Press release

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced the appointment of Vinay Firake as the Chief Executive Officer, APMEA (Asia Pacific, India, Middle East & Africa) Strategic Market Unit (SMU), effective immediately. Vinay will report to Srini Pallia and will also join the Wipro Executive Board. Vinay has been with Wipro for 26 years and has grown with the organization, serving in various leadership roles. He was most recently the Senior Vice President and Managing Director of Wipro-Nordics Business Unit based in Stockholm, where he led Operations across all industries and services. Prior to that, he led the Manufacturing & Automotive Business Unit in Europe and held various roles spanning Europe and North America, including Global Head for the Enterprise Digital Operations & Platforms business and Sales Head for Wipro's Enterprise Applications businesses in Europe. “Vinay has successfully led Wipro in diverse regio

Kolmar BNH, a Top-Tier Korean Enterprise Specializing in the Production of HemoHIM, Dedicates over 2% of its Annual Sales to R&D10.5.2024 15:00:00 CEST | Press release

Kolmar BNH (KOSDAQ: 200130), a manufacturer of HemoHIM, a health-enhancing functional food, has emerged as a frontrunner in the global Original Development Manufacturing (ODM) market, owing to its pioneering investments in research and development. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240510895890/en/ A researcher from Kolmar BNH Health Food Lab. (Photo: Kolmar BNH) Founded in 2005, Kolmar BNH is an ODM company for health-functional food products. ODM enterprises, encompassing various sectors from trend analysis to R&D, product conceptualization, manufacturing, and quality assurance, cater to customers with entrepreneurial aspirations. This framework facilitates opportunities for individuals with a passion for business and ideas. The cornerstone of Kolmar BNH's competitiveness lies in its technological adeptness, underpinned by substantial R&D investments. The company annually allocates over 2% of its sales revenue

HiddenA line styled icon from Orion Icon Library.Eye