Average DDoS Attack Cost Businesses Nearly Half a Million Dollars in 2023, According to New Zayo…>
Business Wire –
The Distributed Denial of Service (DDoS) Insights Report 2023 by Zayo Group reveals a significant increase in the intensity and cost of DDoS attacks, with an average attack lasting 68 minutes in 2023\) The total average cost to businesses for DDoS attacks was $408,000 in 2023\) The duration of attacks increased by more than 400% from Q1 to Q4 of last year.
Volumetric attacks are being replaced by multi-vector attacks, spreading destruction more widely by targeting individual IP addresses, email systems, databases or web browsers.
Telecommunications companies experienced the most frequent attacks, retail and healthcare companies experienced the largest attacks, while government entities experienced the longest attacks.
DDoS attacks cost organizations thousands of dollars per attack and can result in reputational harm and customer churn.
Advanced, forward-thinking DDoS protection is crucial for businesses to prevent these attacks from gaining the upper hand.
Link: https://www.businesswire.com/news/home/20240215983548/en/Average-DDoS-Attack-Cost-Businesses-Nearly-Half-a-Million-Dollars-in-2023-According-to-New-Zayo-Dat