Following the news that ‘Armada Collective’ hackers have threatened to launch a huge new DDoS attack, Sean Newman, Director at Corero commented below.
Sean Newman, Director at Corero:
“Although the September 6th date has now passed, without us knowing how effective their campaign was, this is just another example of the growing trend for cyber criminals to resort to extortion, by demanding ransom payments. In fact the FBI has predicted just this facet of cybercrime will exceed one billion US Dollars, in 2016 alone.
“DDOS is a perfect threat for those demanding ransoms, as these attacks are relatively easy to launch these days. Plus, it is relatively easy for them to determine how much each offline minute will cost their intended target and size their ransom demands accordingly.
“Without the rapid detection and mitigation capabilities of the latest high performance DDOS protection solutions, any organisations reliant on the highest levels of Internet availability risk being at the mercy of these indiscriminate actors.”