Nowadays, businesses worldwide are losing money more than ever with the ongoing advanced cyber-attacks. New survey conducted on mid-sized and large corporations shows that, DDoS attacks cost are more than $100,000 per hour and, furthermore, 43% of those corporations lost more than $250,000 per hour.
The most difficult part is the post attack phase, most companies take long time to defeat an attack and get their systems back on track. The survey shows that only 26% said it took them less than an hour to defeat the attack they faced, while 33% said it took between one and two hours, furthermore 40% said it took more than three hours.
By the time attackers and their techniques become more advanced and sophisticated, businesses seemed to lose widely in 2014 than it has in 2015. Only 32% of companies reported that they lost more than $100,000 per hour, and 68% took them less than two hours to respond to an attack.
Rodney Joffe, senior vice president at Neustar said: “The cost is going up” and financial services were particularly hard hit, where 20% of financial service organizations lose more than $1 million in hourly revenues and 43% reported that their losses were more than $250,000 per hour.
The most dangerous threat is that attackers will try to hack you more than one time while several companies reported that they have been attacked more than once. According to the survey, 62% of financial organizations were attacked more than once and 30% were attacked more than five times. As a result, 79% becoming aware of these threats and investing more money in fending off DDoS attacks this year compared to the last year.
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