Cyber Security

Link11 European Cyber Report 2023: DDoS Attacks Surge by 70%

The Link11 European Cyber Report 2023 highlights a dramatic 70% increase in DDoS attacks, with attacks reaching critical levels in just 14 seconds on average, compared to 55 seconds in 2022. Additionally, two thirds of observed traffic is machine-based, indicating the prevalence of bot activity.

The report emphasizes the rising complexity of the threat landscape and the critical role of AI-based and automated security solutions in bolstering cyber resilience. Politically motivated attacks significantly contributed to the surge, targeting prominent entities worldwide, including German federal states, the European Investment Bank, and Microsoft.

Geopolitical tensions globally contributed to a rapid escalation in DDoS attacks, particularly targeting critical infrastructure, public institutions, and political organizations. The ongoing conflicts, notably between Russia and Ukraine, and in Israel, fueled politically motivated DDoS attacks by organized groups.

The report points out the heightened security risk posed by web applications and APIs, exacerbated by critical vulnerabilities in unpatched software. The EU’s mandate for Apple to open its interfaces to third-party providers further intensifies the need for enhanced security measures in this area. Moreover, the rising threat from AI-driven bots presents significant challenges, with projections indicating a 131% surge in online bot fraud by 2027.

Jens-Philipp Jung, Group CEO at Link11: “The impact of cyber incidents requires a risk-based, holistic cybersecurity strategy. It’s about enabling innovation and growth with secure environments and transforming security concepts into competitive advantages.”

Visit AITechPark for cutting-edge Tech Trends around AI, ML, Cybersecurity, along with AITech News, and timely updates from industry professionals!

Related posts

Guardz launches in Australia and New Zealand

PR Newswire

VISO Trust Raises $11 Mn to Automate Third-Party Cyber Due Diligence

PR Newswire

Activefence wins “Best AI-based solution for cybersecurity”

Christa Martin