News, Trends, and Insights for IT & Managed Services Providers
News, Trends, and Insights for IT & Managed Services Providers
Business of Tech | Extortion Joins Damage Assessment in Rising DDoS Attacks

The Washington Post revisits… Distributed Denial of Service attacks.     Really.    With an appropriate headline of “The lowly DDoS attack is showing signs of being anything but, “the analysis revisits Microsoft’s recent outage and how the attack vector is viewed as an older attack requiring little technical ability.  But they’re surging, with one report finding that the volume of DDoS attacks targeting financial institutions increased by 22 percent last year. Still, the number increased by 73 percent for financial institutions in Europe. 

And the damage can be hard to measure – and now includes extortion.    If you don’t pay, we will take you down.    

Ransomware attacks dropped by 25% from March to April, but April’s number is still higher than any month in 2022.   NCC Group is reporting that 2023 is trending higher than 2022.

Why do we care?

 

What’s old is new again, and criminals find ways to make money using whatever techniques they can.  I didn’t want to miss this old but new method making a comeback.  

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