Smokescreening: Data Theft Makes DDoS More Dangerous

Home / Industry

Smokescreening: Data Theft Makes DDoS More Dangerous

	By GoDaddy Registry (Sponsored Post) World-Leading Provider of Domain Name Registry Services
	April 28, 2014 Views: 18,038

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.

By GoDaddy Registry, World-Leading Provider of Domain Name Registry Services — GoDaddy Registry (formerly Neustar Registry) is one of the world’s largest and leading domain name registry providers. We operate top-level domains (TLDs) on behalf of sovereign nations, city governments, global brands and domain registries so that people worldwide can bring their ideas to life online.
Visit Page

Filed Under

Comments

Commenting is not available in this channel entry.

The Weekly Wrap

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.