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Verisign: Most Businesses Unequipped to Handle DDoS Attacks

Verisign: Most Businesses Unequipped to Handle DDoS Attacks

Internet infrastructure service provider Verisign issued the results of two commissioned studies on the impact of DDoS attacks among companies with significant online operations this week, indicating that "a significant percentage" of those organizations are poorly equipped to prevent and respond to failures caused by DDoS attacks. In the press release announcing the details of the studies, the company said it would be sharing the results with networking executives gathering at the Interop Expo this week in Las Vegas. The first of two reports, based on a study commissioned by Verisign and conducted by Merril Research, looked into the level of concern among IT decision makers over "the growing threat of DDoS attacks" in the evolving security landscape. The study, based on responses from 225 IT decision makers at medium-sized and large US businesses, showed 78 percent of them "very" or "extremely" concerned about DDoS attacks, with 67 percent expecting them to increase during the next few years. Among those who reported a DDoS attack, nearly two thirds said they suffered more than one attack, with 11 percent hit six or more times. However, among those businesses that are currently unprotected against DDoS attacks, 71 percent intend to implement solutions in the next 12 months, with 40 percent of those planning to outsource. More than two-thirds of those surveyed said downtime impacted their customers, and more than half said downtime cost their businesses revenue. "This research illustrates the dire costs of insufficient web and network protection to businesses spanning all industries. When a DDoS attack or DNS failure hits a website or network, companies are losing significant revenue and employee productivity, and are likely seeing decreasing customer satisfaction and loyalty," saysBen Petro, senior vice president of Verisign's Network Intelligence and Availability Group, quoted in the press release. UKFast recognises how costly an attack can be on a business, and offers advanced security solutions including a DDoS blockade to help minimise the threat.

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