| | OCTOBER 20178CIOReviewFOR DDOSHOPE IS NOT A STRATEGY!By Jon Murphy, GVP-IT Security, Ocwen Financial CorporationSo pervasive even into corporate boardrooms, the business magazine Forbes, rana primer about the subject in March of 2017; Distributed Denial of Service (DDoS) attacks are on the rise and not run of the mill anymore! Before we get started on further discussion of these pernicious attacks, let's level set with some definitions. From an Information Technology perspective, a denial-of-service (DoS) attack is a cyber-attack where the bad actors seek to make a system, website, application, or network resource unavailable for its intended purposes by disrupting the related services (temporarily or indefinitely) on a host connected to the Internet. Related but worse, DDoS is a type of DOS attack where multiple compromised systems (often from around the globe), are used to target a single system, website, application, or network's legitimate traffic and prevent the legitimate traffic from getting through. Think of a DDoS attack as mobs of anti-Capitalist hooligans, coming from all directions pell-mell charging all the doors to a business not letting legitimate customers enter, thereby disrupting "business as usual".A 2016 study from Kaspersky and B2B International before last year's infamous DYN attack reported that a single DDoS attack can cost a company between $52,000 and $444,000! These costs are comprised of factors both to stop the DDoS attack, and/or to pay the ransom that is demanded for it to end. However, the cost range estimate above does not include the costs of industry reputation damage and the loss of customer confidence. I mentioned pervasive before and to punch that point home, consider that according to a 2016 statement by the Department of Homeland Security, over the past five years, the scale of these attacks has increased tenfold!The bad actors are rapidly evolving their techniques and this makes it difficult to identify the best defense against them. For instance, a highly IN MY OPINIONJon Murphy
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