Over a third of organisations are yet to develop a cyber-attack response plan

F5 Networks have announced the findings of a survey into current concerns in the security community, conducted at the Infosecurity Europe 2016 show in London.

cyber attackThe survey reveals that businesses are running the risk of being exposed by cyber-attacks, with over a third (36%) of respondents claiming their organisation currently has no response plan in place. In an environment where cyber-attacks are increasingly common place, it is alarming more businesses are not prepared. As revealed by a recent Government report on Information Security Breaches, the average cost of a severe online security breaches for big business now starts at £1.46 million – up from £600,000 in 2014 – a cost which businesses can ill afford.

The F5 survey also highlights the broad nature of the threats security pros are facing. Asked what their top three security concerns were, network attacks (19%), malware (18%) and application data breaches (17%) were all highlighted, with DDoS attacks (16%), cloud-related data breaches (14%) and web fraud attacks (13%) closely behind. 

DDoS remains prevalent 

DDoS attacks remain common, with 35% believing their business has either definitely or very likely suffered an attack.

When asked what their primary solution was for a DDoS attacks, respondents listed firewalls (33%), hybrid mitigation (17%) and Web Application Firewalls (WAF) (14%) as the top three.  According to the survey, WAF is an integral part of a company’s general security infrastructure – some 74% of businesses either use a WAF or plan to in the future.

In terms of types of DDoS attack, respondents listed ‘blended DDoS’ attacks (26%) as the biggest threat followed by ‘application level’ (25%) and ‘volumetric-based’ (19%). Extortion-driven attacks (15%) were scored bottom – surprising considering the increasing number of cyber-ransom style attacks reported in the media.

On-premise v. cloud

The 2016 survey also revealed that hybrid DDoS mitigation (17%) was a more popular solution than an on-premise DDoS mitigation approach (15%). A question specifically about WAF found that 31% opted for on-premise and 19% for cloud-based solutions. 

Supporting quotes

“The results from the Infosecurity survey are concerning on a number of levels. Firstly, considering barely a week goes by without a high profile hack or data leak, it is very surprising that as many as 36% of businesses are yet to put in place a cyber-attack response plan. Considering the increasing

volume of attacks that we’re seeing, it is crucial businesses invest in protecting themselves against threats of this kind.”

“Secondly, it is interesting to see that security professionals were unable to name a clear primary threat when asked for their top three security concerns. The fact issues such as network attacks, malware, application breaches, DDoS and cloud-related data breaches all scored within a few percentile points of each other highlights the range of threats out there, and the significant task facing security professionals whose job it is to keep businesses, users and customers safe.”

“It’s essential that businesses look at their entire security profile and work with providers and the market to understand where the most pressing threats are, as well as how to protect against them. The tools to support businesses are available, with options ranging from on premise implementations to as a service delivery models, meaning businesses of all sizes and profiles can ensure they’re protected at every level.” 

By Gad Elkin, security director EMEA, F5