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



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

“e4life” is Present at Expomed Eurasia with its Innovative Device Able to Inactivate Flu and Covid Viruses With an Efficacy over 90%19.4.2024 17:13:00 CEST | Press release

Expomed Eurasia, the most important medical exhibition between Europe and Asia, is ready to house more than a hundred companies, to discover new technological trends and the most innovative products which are going to change deeply the health market. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240419226980/en/ e4life: e4ambient and e4you devices (Photo: Business Wire) This is a perfect occasion for e4life to present its device based on the e4shield technology which is able to inactivate flu and Covid viruses present in the air. A technology, patented in Italy, that uses neither chemical agents nor filtering materials, but it is based on the transmission of electromagnetic waves able to inactivate the viral load in aerosol. “This Exhibition represents an extraordinary opportunity to present our innovative technology (e4shield) in a dynamic and rapidly evolving region as Eurasia. In a climate of growing consciousness of the

Qualcomm Schedules Second Quarter Fiscal 2024 Earnings Release and Conference Call19.4.2024 15:00:00 CEST | Press release

Qualcomm Incorporated (NASDAQ: QCOM) today announced that it will publish the Company’s financial results for its second quarter fiscal 2024 on Wednesday, May 1, 2024, after the close of the market on the Company’s Investor Relations website, at https://investor.qualcomm.com/financial-information. The earnings release will also be furnished to the Securities and Exchange Commission (SEC) on a Form 8-K, which will be available on the SEC website at http://www.sec.gov. Qualcomm will host a conference call to discuss its second quarter fiscal 2024 results which will be broadcast live on May 1, 2024, beginning at 1:45 p.m. Pacific Time (PT) at https://investor.qualcomm.com/news-events/events. An audio replay will be available at https://investor.qualcomm.com/news-events/events and via telephone following the live call for 30 days thereafter. To listen to the replay via telephone, U.S. callers may dial (877) 660-6853 and international callers may dial (201) 612-7415. Callers should use rese

Newmont Appoints Mining Industry Veteran Francois Hardy as Chief Technology Officer19.4.2024 14:56:00 CEST | Press release

Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announced the appointment of Francois Hardy as Chief Technology Officer (CTO). Francois will join Newmont’s Executive Leadership Team and lead the technical work across the business to improve operational performance and drive growth. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240419973025/en/ Newmont Appoints Mining Industry Veteran Francois Hardy as Chief Technology Officer (Photo: Business Wire) Francois will take over from interim CTO, Dean Gehring, who also served in a dual role as Newmont’s Chief Integration Officer. After a period of transition, Dean will be leaving the company in early July. Francois brings more than 30 years of technical and operational experience in mining to the role. He commenced with Newmont in 2002 and has held roles including Group Head Exploration, Managing Director Africa and General Manager Tanami. “Francois is a stron

SLB Announces First-Quarter 2024 Results, Targeting to Return $7 Billion to Shareholders Over 2024–202519.4.2024 12:50:00 CEST | Press release

SLB (NYSE: SLB) today announced results for the first-quarter 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240417469361/en/ The exterior of the SLB headquarters in Houston, Texas (Photo: Business Wire) First-Quarter Results (Stated in millions, except per share amounts)Three Months EndedChangeMar. 31, 2024Dec. 31, 2023Mar. 31, 2023 SequentialYear-on-yearRevenue $8,707 $8,990 $7,736 -3% 13% Income before taxes - GAAP basis $1,357 $1,433 $1,161 -5% 17% Income before taxes margin - GAAP basis 15.6% 15.9% 15.0% -35 bps 58 bps Net income attributable to SLB - GAAP basis $1,068 $1,113 $934 -4% 14% Diluted EPS - GAAP basis $0.74 $0.77 $0.65 -4% 14% Adjusted EBITDA* $2,057 $2,277 $1,788 -10% 15% Adjusted EBITDA margin* 23.6% 25.3% 23.1% -171 bps 51 bps Pretax segment operating income* $1,649 $1,868 $1,391 -12% 19% Pretax segment operating margin* 18.9% 20.8% 18.0% -184 bps 95 bps Net income attributable to SLB, excluding cha

Zayo Group Appoints New CEO of Zayo Europe19.4.2024 09:00:00 CEST | Press release

Zayo Group, a leading global provider of network infrastructure, has appointed Colman Deegan as its new CEO of Zayo Europe to drive the business’ growth as cloud and AI adoption continues across the continent. This appointment is effective as of April 16, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240419471253/en/ Colman Deegan, CEO Zayo Europe (Photo: Business Wire) Steve Smith, CEO Zayo Group, says, “Colman’s experience and proven track record as a CEO leading large teams and businesses makes him perfectly equipped to take our European business to new heights, together with our outstanding local team. Colman will drive Zayo forward, strengthening our partnerships with data centres, hyperscalers, and enterprises across Europe. Under Colman’s leadership, we are confident that we will achieve our bold ambitions and maximise our impact in the European market.” Deegan spent more than two decades at Vodafone where he h

In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.

Visit our pressroom
HiddenA line styled icon from Orion Icon Library.Eye