RCS - Corero Network Sec. - Annual DDoS Threat Intelligence Report

Corero Network SecurityAnnouncement

17/05/2023 07:17

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RNS Number : 6348Z  Corero Network Security PLC  17 May 2023

 

17 May 2023

Corero Network Security plc

("Corero", or "the Company")

 

Publication of Annual DDoS Threat Intelligence Report

 

Corero's 2023 Report Demonstrates Significant Rise in Carpet Bomb DDoS Attacks

 

 75%                                                25%                                          300%

 DDOS ATTACKS                                       INCREASE IN HIGH PACKET RATE DDOS ATTACKS    INCREASE IN CARPET BOMB DDOS ATTACKS

 LAST LESS THAN 10

 MINUTES
 60%                                                27%                                          98%

 INCREASE IN DDOS ATTACKS LASTING OVER 60 MINUTES   LIKELIHOOD OF A REPEAT ATTACK IN SAME WEEK   DDOS ATTACKS LESS THAN 10 GBPS

Corero Network Security plc (AIM: CNS), a leading provider of Distributed
Denial of Service ("DDoS") protection solutions, has published its annual DDoS
Threat Intelligence Report, which reveals a 300% increase year-on-year in
carpet bomb(1) DDoS attacks.

The report, based on data from Corero customers worldwide, examines attack
vectors, sizes, and attacker tools and techniques. Corero's study emphasises
the need for proactive DDoS protection due to the evolving threat landscape,
with DDoS threats continuing to grow in both volume and sophistication.

Key report findings:

·      300% increase in carpet bomb attacks in 2022 compared to 2021.
Legacy detection techniques often fail to accurately identify these attacks,
leading to incomplete mitigation or false positives.

·      Over seven times as many Mirai-like DDoS attacks in 2022 than in
2021. These botnet attacks are difficult to mitigate and can cause significant
damage to businesses.

·      DDoS attacks targeting Domain Name System ("DNS") services
doubled from 2020 to 2022. This attack vector has grown in popularity as an
easy way for attackers to disrupt communications to and from websites,
internet-connected devices, and applications.

 

Download the full 2023 DDOS Threat Intelligence Report at
https://corero.com/threat (https://corero.com/threat) .

 

Ashley Stephenson, Chief Technology Officer of Corero, commented:

"We're witnessing significant changes in the global DDoS attack landscape,
with increased attack volume, frequency, and variation. The exponential rise
of carpet bomb attacks presents a triple threat as they evade, neutralise, or
overload traditional DDoS protections."

(1) Carpet bomb attacks, also known as spread-spectrum or spray attacks,
distribute traffic across large IP address spaces, challenging standard
victim-oriented detection and mitigation techniques.

 

Enquiries:

 

 Corero Network Security plc                                    Tel: +44(0) 20 7390 0230
 Phil Richards, Chief Financial Officer

 Canaccord Genuity Limited                                      Tel: +44(0) 20 7523 8000

 (Nominated Adviser and Broker)

 Simon Bridges / Andrew Potts / Harry Rees

 Vigo Consulting                                                Tel: +44(0) 20 7390 0230
 Jeremy Garcia / Kendall Hill

 corero@vigoconsulting.com (mailto:corero@vigoconsulting.com)

 

About Corero Network Security

Corero Network Security is a leading provider of Distributed Denial of Service
(DDoS) protection solutions.  We are specialists in automatic detection and
mitigation solutions, that include network visibility, analytics, and
reporting tools. Corero's technology provides scalable protection capabilities
against both external DDoS attackers and internal DDoS threats, in even the
most complex edge and subscriber environments, ensuring internet service
availability and uptime. Corero's key operational centers are in Marlborough,
Massachusetts, USA, and Edinburgh, UK, with the Company's headquarters in
London, UK. The Company is listed on the London Stock Exchange's AIM market
under the ticker CNS. For more information, visit www.corero.com
(http://www.corero.com) .

 

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