The IT industry has seen a major increase of Distributed Denial of Service (DDoS) attacks over the past several years. The December 2019 New Orleans cyberattack is such an example: This attack combined a classic ransomware deployment with a DDoS attack. The DDoS upward trend promises to continue. DDoS attacks date back to the dawn of the public internet, but the force is strong with this one.
According to a 2018 report from International Data Group (IDG), the median downtime caused by a DDoS attack is 7 to 12 hours. Using an estimate from Gartner of $5,600 per minute of downtime, that means the average cost of a DDoS attack is in the $2.3 million to $4 million range. These losses are incurred due to a loss of business operations and does not account for staff time or other associated costs.
