Annual DDoS Threat Intelligence Report

Corero Network Security PLC

17 May 2023

 

17 May 2023

Corero Network Security plc

("Corero", or "the Company")

Publication of Annual DDoS Threat Intelligence Report

Corero's 2023 Report Demonstrates Significant Rise in Carpet Bomb DDoS Attacks

75% DDOS ATTACKS LAST LESS THAN 10 MINUTES	25% INCREASE IN HIGH PACKET RATE DDOS ATTACKS	300% INCREASE IN CARPET BOMB DDOS ATTACKS
60% INCREASE IN DDOS ATTACKS LASTING OVER 60 MINUTES	27% LIKELIHOOD OF A REPEAT ATTACK IN SAME WEEK	98% DDOS ATTACKS LESS THAN 10 GBPS

Corero Network Security plc (AIM: CNS), a leading provider of Distributed Denial of Service ("DDoS") protection solutions, has published its annual DDoS Threat Intelligence Report, which reveals a 300% increase year-on-year in carpet bomb¹ DDoS attacks.

The report, based on data from Corero customers worldwide, examines attack vectors, sizes, and attacker tools and techniques. Corero's study emphasises the need for proactive DDoS protection due to the evolving threat landscape, with DDoS threats continuing to grow in both volume and sophistication.

Key report findings:

·      300% increase in carpet bomb attacks in 2022 compared to 2021. Legacy detection techniques often fail to accurately identify these attacks, leading to incomplete mitigation or false positives.

·      Over seven times as many Mirai-like DDoS attacks in 2022 than in 2021. These botnet attacks are difficult to mitigate and can cause significant damage to businesses.

·      DDoS attacks targeting Domain Name System ("DNS") services doubled from 2020 to 2022. This attack vector has grown in popularity as an easy way for attackers to disrupt communications to and from websites, internet-connected devices, and applications.

Download the full 2023 DDOS Threat Intelligence Report at https://corero.com/threat.

Ashley Stephenson, Chief Technology Officer of Corero, commented:

"We're witnessing significant changes in the global DDoS attack landscape, with increased attack volume, frequency, and variation. The exponential rise of carpet bomb attacks presents a triple threat as they evade, neutralise, or overload traditional DDoS protections."

¹ Carpet bomb attacks, also known as spread-spectrum or spray attacks, distribute traffic across large IP address spaces, challenging standard victim-oriented detection and mitigation techniques.

Enquiries:

Corero Network Security plc	Tel: [phone]
Phil Richards, Chief Financial Officer
Canaccord Genuity Limited  (Nominated Adviser and Broker) Simon Bridges / Andrew Potts / Harry Rees	Tel: [phone]
Vigo Consulting	Tel: [phone]
Jeremy Garcia / Kendall Hill [e-mail]

About Corero Network Security

Corero Network Security is a leading provider of Distributed Denial of Service (DDoS) protection solutions.  We are specialists in automatic detection and mitigation solutions, that include network visibility, analytics, and reporting tools. Corero's technology provides scalable protection capabilities against both external DDoS attackers and internal DDoS threats, in even the most complex edge and subscriber environments, ensuring internet service availability and uptime. Corero's key operational centers are in Marlborough, Massachusetts, USA, and Edinburgh, UK, with the Company's headquarters in London, UK. The Company is listed on the London Stock Exchange's AIM market under the ticker CNS. For more information, visit www.corero.com .

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