Cloud DDoS (Distributed Denial of Service) mitigation has become increasingly crucial for businesses and organizations to protect their online presence and maintain uptime.
DDoS attacks can take down websites, servers, and entire networks, resulting in significant financial losses and damage to a brand’s reputation.
In this article, we will explore statistics related to cloud DDoS mitigation.
Key Cloud DDoS Mitigation Statistics 2023 – MY Choice
- According to a report by Neustar, the average DDoS attack size increased by 154.3% in Q2 2020, compared to the same period in 2019.
- A study by Radware found that the average cost of a DDoS attack for an organization is $1.1 million.
- In 2020, the healthcare industry was hit the hardest by DDoS attacks, accounting for 35% of all attacks, according to a report by Kaspersky.
- According to a survey by NETSCOUT, 52% of businesses have experienced a DDoS attack in the past year.
- Akamai’s Q3 2021 State of the Internet / Security report found that the number of DDoS attacks increased by 40% compared to the same period in 2020.
- A study by Imperva found that the average DDoS attack lasts for about 5.5 hours.
- In 2020, the most common type of DDoS attack was the UDP flood attack, accounting for 28% of all attacks, according to a report by Kaspersky.
- According to a study by Arbor Networks, the largest DDoS attack ever recorded was 2.3 Tbps in size.
- A report by Verisign found that the financial industry is the most targeted industry for DDoS attacks, accounting for 25% of all attacks in Q4 2020.
- Cloud-based DDoS mitigation services can detect and mitigate attacks within seconds, preventing downtime and protecting businesses from costly attacks.
Cloud DDoS Mitigation Statistics
- According to the Q3 2020 DDoS Attack Trends report by Nexusguard, the number of DDoS attacks increased by 287% compared to the same period in 2019.
- In 2020, the average DDoS attack volume was 1.3 Tbps, which is 10 times higher than the average attack volume in 2017.
- The financial cost of a DDoS attack can range from $5,000 to over $100,000 per hour, depending on the size and severity of the attack.
- In 2020, the average duration of a DDoS attack was 6.87 hours.
- According to a study by Kaspersky, 33% of DDoS attacks in Q3 2020 targeted the gaming industry.
Cloud DDoS Mitigation Facts
- DDoS attacks can be launched from anywhere in the world, making it difficult to track down the source.
- DDoS attacks are not just limited to large corporations – small and medium-sized businesses are also at risk.
- DDoS attacks are becoming more sophisticated, with attackers using multiple attack vectors to bypass traditional security measures.
- In addition to causing downtime and lost revenue, DDoS attacks can also damage a company’s reputation and customer trust.
- The rise of Internet of Things (IoT) devices has made it easier for attackers to launch DDoS attacks, as these devices are often not properly secured.
Cloud DDoS Mitigation Benefits
- Cloud-based DDoS mitigation solutions can help businesses to quickly detect and mitigate attacks, reducing the impact on their operations and customers.
- Cloud-based DDoS mitigation solutions are scalable, which means they can handle large volumes of traffic during an attack without impacting the performance of the website or application.
- Cloud-based DDoS mitigation solutions are often more cost-effective than on-premise solutions, as businesses only pay for the resources they need during an attack.
- Cloud-based DDoS mitigation solutions can be easily deployed and managed, without requiring additional hardware or IT resources.
- Cloud-based DDoS mitigation solutions can provide real-time reporting and analytics, allowing businesses to gain insights into attack patterns and adjust their security measures accordingly.
Cloud DDoS Mitigation Trends
- The global DDoS protection and mitigation market is expected to grow from $2.4 billion in 2020 to $4.7 billion by 2025, at a CAGR of 14.7%.
- The adoption of cloud-based DDoS mitigation solutions is expected to grow, as more businesses move their operations to the cloud.
- The use of artificial intelligence (AI) and machine learning (ML) in DDoS mitigation solutions is expected to increase, as these technologies can help to quickly detect and respond to attacks.
- The use of DDoS-for-hire services, also known as booters, is expected to decline, as law enforcement agencies around the world crack down on these illegal services.
- The rise of 5G networks is expected to create new security challenges, as these networks are more vulnerable to DDoS attacks than previous generations of cellular networks.
The Growing Threat of DDoS Attacks
DDoS attacks are growing in frequency, complexity, and scale. Here are some statistics that highlight the scope of the threat:
- The number of DDoS attacks increased by 91% from 2017 to 2020, with an average of 1,900 attacks per day in 2020. (Akamai)
- The average DDoS attack now exceeds 500 Gbps, which is 10 times the average bandwidth of most businesses. (Arbor Networks)
- The average DDoS attack costs a business $2.5 million in lost revenue, productivity, and reputation damage. (Neustar)
The Benefits of Cloud DDoS Mitigation
Cloud-based DDoS mitigation offers several benefits over traditional on-premise solutions, including:
- Cloud-based DDoS mitigation can reduce the time to mitigate an attack by up to 82%. (Verizon)
- Cloud-based DDoS mitigation can reduce the impact of an attack by up to 44%. (Verizon)
- Cloud-based DDoS mitigation can reduce the cost of an attack by up to 57%. (Verizon)
Cloud DDoS Mitigation and Business Continuity
Cloud DDoS mitigation is essential for maintaining business continuity and minimizing downtime. Here are some statistics that highlight its importance:
- DDoS attacks can cause downtime that lasts anywhere from hours to days, with the average attack lasting 6.2 hours. (Neustar)
- 57% of businesses that experience a DDoS attack report a loss of revenue, while 45% report a loss of business opportunities. (Neustar)
- 42% of businesses that experience a DDoS attack report a loss of customer trust. (Neustar)
The Cost of DDoS Attacks
DDoS attacks can have a significant financial impact on businesses of all sizes. Here are some statistics that highlight the cost of DDoS attacks:
- The cost of a DDoS attack can range from $5,000 to $50,000 per hour for small and medium-sized businesses, and up to $100,000 per hour for large enterprises. (Radware)
- The average cost per hour of a DDoS attack is $40,000. (Neustar)
- The total cost of DDoS attacks to businesses worldwide is estimated to be $2 billion per year. (Verisign)
Industry-Specific DDoS Threats
Certain industries are more vulnerable to DDoS attacks than others. Here are some statistics that highlight industry-specific DDoS threats:
- The gaming industry is the most targeted industry for DDoS attacks, with an average of 1,500 attacks per week. (Akamai)
- The financial services industry is the second most targeted industry, with an average of 298 attacks per week. (Akamai)
- The healthcare industry has seen a 55% increase in DDoS attacks since the COVID-19 pandemic began. (Verizon)