New Report Reveals 65% of Organizations Experience Three DDoS Attacks a Year, but Majority are Unprepared to Mitigate Attacks

New Report Reveals 65% of Organizations Experience Three DDoS Attacks a Year,
               but Majority are Unprepared to Mitigate Attacks

Radware and Ponemon Institute Survey Finds IT Industry is at a Tipping Point
in the Battle Against Cyber Criminals

PR Newswire

MAHWAH, New Jersey, November 13, 2012

MAHWAH, New Jersey, November 13, 2012 /PRNewswire/ --

Despite the increasing sophistication and severity of cyber attacks, a survey
of more than 700 senior IT professionals reveals that organizations are
surprisingly unarmed to deal with today's threat landscape. In a new report
titled "Cyber Security on the Offense: A Study of IT Security Experts," the
Ponemon Institute and Radware^®, (NASDAQ: RDWR), a leading provider of
application delivery and application security solutions for virtual and cloud
data centers, found that while 65 percent of organizations experienced an
average of three distributed denial-of-service (DDoS) attacks in the past 12
months, less than half reported being vigilant in monitoring for attacks -
much less putting into practice proactive and preventative measures to protect
their organizations.

"The reality is that cyber threats are outpacing security professionals,
leaving most organizations vulnerable and unprepared," said Avi Chesla, chief
technology officer, Radware. "From hacktivists to cyber criminals, companies
live under the constant threat of assaults that contribute to lost revenue and
serious reputational damage. It's critical that organizations take immediate
action after reading this report. IT managers have to advocate for a
multi-layered approach that also takes in account countermeasures to prevent
threats before they inflict significant damage."

Key findings from the report include:

  oAvailability isthetop cyber security priorityfor organizations today.
    Gone are the days where companies could solely concern themselves with
    data leakage and integrity-based attacks. Unlike the past few years, where
    many organizations focused on confidentiality and integrity-based attacks,
    respondents noted a major shift in their security objectives, ranking
    denial-of-service (DoS) and DDoS as two of the top three threats their
    organizations face today.

  oDDoS attacks cost companies 3.5million dollars every year. Although
    respondents cited a lack of budget as one of the major impediments to
    shoring up cyber security, it's clear that organizations will pay a much
    higher price for their lack of preparedness. 65 percent reported
    experiencing an average of three DDoS attacks in the past 12 months, with
    an average downtime of 54 minutes per attack. With the cost for each
    minute of downtime amounting to as much as $100,000 per minute - including
    lost traffic, diminished end-user productivity and lost revenues - it is
    no surprise that respondents ranked availability as their top cyber
    security priority.

  o63percent rate their
    organization'soffensivecountermeasurecapabilitiesasbelowaverage.
    While 60 percent say they want technology that slows down or even halts an
    attacker's computer, the majority of respondents give their organizations
    an average or below average rating when it comes to their ability to
    launch counter measures. With 75 percent of organizations still relying on
    anti-virus and anti-malware to protect themselves from attacks, it's clear
    that the old adage, "the best defense is a good offense" is not being
    practiced by most firms.

  oOrganizations are more vulnerable than ever before. With respondents
    ranking lack of system visibility (34 percent), mobile/remote employees
    (32 percent) and negligent insiders (31 percent) as their top three areas
    of greatest cyber security risk, it's clear that threats can come from a
    number of new sources including the Bring Your Own Device (BYOD) movement.
    Even more frightening, today's threats are multi-layered, targeting not
    only networks but the data and application levels as well.

"There is a frightening gap that exists between the increasing severity of
cyber attacks and the level of preparedness that exists in the industry," said
Larry Ponemon, chairman and founder of the Ponemon Institute. "The report's
findings make clear that now is the time for organizations to begin making
critical changes to their security approaches in order to stave off the
potentially devastating costs associated with a lack of preparedness and
adequate defenses."

To access a complete version of the report, please visit
http://www.ddoswarriors.com, Radware's in-depth resource for information
security professionals. In addition, Radware will host a webinar on November
14 to discuss the report's findings and provide actionable insights to help
any organization properly mitigate attacks in an increasingly hostile threat
landscape. Sign up here.

About Cyber Security on the Offense: A Study of IT Security Experts

The research for Cyber Security on the Offense: A Study of IT Security Experts
was co-authored by the Ponemon Institute and Radware. The report surveyed 705
U.S. based IT and IT security practitioners responsible for managing their
organization's cyber security activities. 62 percent of the respondents
surveyed were at the supervisor level or higher with an average of more than
11 years of experience. 65 percent of respondents were from organizations with
a global headcount of more than one thousand and the primary industry segments
for the report included financial services and the public sector as well as
healthcare and pharmaceuticals. The survey consisted of 35 questions on
respondents' perceptions of and experiences with their organization's cyber
security infrastructure and the types of threats they now face.

In addition to the report's key findings, Cyber Security on the Offense
includes:

  oThe top ranked negative consequences of cyber attacks
  oBarriers to achieving a strong cyber security posture
  oThe technologies most favored by IT security professionals
  oTop methods for performing counter techniques
  oA comparison of attacks across the financial services, healthcare and
    public sectors

About the Ponemon Institute

The Ponemon Institute is dedicated to advancing responsible information and
privacy management practices in business and government. To achieve this
objective, the Institute conducts independent research, educates leaders from
the private and public sectors and verifies the privacy and data protection
practices of organizations in a variety of industries.

About Radware

Radware (NASDAQ: RDWR), is a global leader of application delivery and
application security solutions for virtual and cloud data centers. Its
award-winning solutions portfolio delivers full resilience for
business-critical applications, maximum IT efficiency, and complete business
agility. Radware's solutions empower more than 10,000 enterprise and carrier
customers worldwide to adapt to market challenges quickly, maintain business
continuity and achieve maximum productivity while keeping costs down.For more
information, please visit http://www.radware.com.

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