PRESS RELEASE
DENVER, Oct. 26, 2023 /PRNewswire/ — New information from the Lumen Applied sciences (NYSE: LUMN) Distributed Denial of Service (DDoS) mitigation platform landed the banking {industry} within the unenviable place of being probably the most focused vertical of Q3 2023. That is the primary time the banking {industry} topped Lumen’s “most focused verticals” checklist and was largely as a result of occasions of a single day: Sept. 21, 2023.
On that day, a single banking buyer was focused with greater than 230 DDoS assaults – a whopping 4,500% enhance over the each day common for that {industry} – but it skilled no downtime. Had the attackers been profitable, they may have triggered important harm within the type of misplaced enterprise, remediation prices and reputational harm.
“The profitable mitigations for this banking buyer might be traced again to Lumen’s multi-layered strategy to DDoS mitigation,” stated Brett Lemarinel, director of unified menace administration for Lumen. “It begins at our community, the place countermeasures are in-built, and our clever routing expertise, which sends extra visitors via our 500+ scrubbing areas. Our DDoS clients have an added layer of safety from Fast Menace Protection, our proprietary functionality that makes use of menace intelligence from Lumen Black Lotus Labs® to dam DDoS botnet visitors earlier than it reaches the client’s setting.”
Lemarinel continued, “This ought to be a warning to all different companies. Greater than 230 mitigations in a single day suggests the menace actor was decided to wreak havoc on this buyer. Regardless that the attacker failed, the exercise we noticed on Sept. 21 is a potent reminder that any enterprise might be in an attacker’s crosshairs on any given day.”
Different notable findings within the report embody:
A never-before-seen, four-vector mixture was tried in the course of the Sept. 21 occasion. The four-vector mixture included DNS Amplification, IP Fragmentation, Invalid Packets and Static Filtering. Cyber attackers ceaselessly modify their vector mixtures as they try to defeat mitigation methods, however the Lumen DDoS mitigation platform has the flexibleness required to acknowledge and cease these assaults earlier than they affect the focused clients. The whole variety of assaults decreased in Q3 2023. Attackers ceaselessly run their operations like a enterprise and, as with all enterprise, cyberattacks have seasonal ups and downs. In Q3 2023, Lumen mitigated 4,217 assaults, which was a 23% quarter-over-quarter lower and a 24% annual lower. The banking {industry} was additionally the most-targeted vertical for utility threats, in accordance with Lumen’s utility safety companion, ThreatX. Amongst all industries, the best share of blocked visitors (25.5%) got here from programmatic entry, that are suspicious, automated makes an attempt to entry an internet utility. This quantity is up 89% from the earlier quarter. The banking sector skilled a big share of “Assaults In opposition to Authentication” (almost 25%), that are used to realize unauthorized entry to monetary information. Monetary establishments are enticing to attackers, as evidenced by the excessive assault ratio and mixture of brute-force assaults that focused banks in Q3. Defending monetary information is paramount, however sturdy internet utility and API safety options will help shield the {industry}.
“The Q3 ThreatX utility assault evaluation underscores the important significance of bot safety and the necessity for consciousness of industry-specific threats,” stated Neil Weitzel, director, Safety Operations Middle at ThreatX. “The particularly excessive variety of programmatic entry threats this quarter underscores the prevalence of bots in API and utility assaults. As well as, our findings reveal variations in threats throughout industries, so companies should keep vigilant and proactive to safeguard their functions and APIs.”
About Lumen Applied sciences
Lumen connects the world. We’re igniting enterprise progress by connecting folks, information, and functions – rapidly, securely, and effortlessly. Every little thing we do at Lumen takes benefit of our community power. From metro connectivity to long-haul information transport to our edge cloud, safety, and managed service capabilities, we meet our clients’ wants at the moment and as they construct for tomorrow. For information and insights go to information.lumen.com, LinkedIn: /lumentechnologies, Twitter: @lumentechco, Fb: /lumentechnologies, Instagram: @lumentechnologies, and YouTube: /lumentechnologies.
About ThreatX
ThreatX is managed API and utility safety that permits you to safe them with confidence, not complexity. It blocks botnets and superior assaults in actual time, letting enterprises hold attackers at bay with out lifting a finger. Trusted by corporations in each {industry} throughout the globe, ThreatX profiles attackers and blocks superior dangers to guard APIs and functions 24/7. Study extra at https://www.threatx.com.
