Enterprises Plagued by DNS Attacks: Organisations suffering seven attacks a year, costing $942,000 per attack
New research reveals the impact of DNS attacks on global organisations, with 7 in 10 enterprises experiencing application downtime
Paris, France — June 1, 2022 — EfficientIP, the specialist in DDI security and automation (DNS, DHCP, IPAM), has today announced the findings of its eighth annual ‘2022 Global DNS Threat Report’, conducted by leading market intelligence firm IDC. The research, commissioned by EfficientIP, reveals the damaging impact Domain Name System (DNS) attacks have had on global organisations’ operations over the past 12 months. The report uncovers how despite 73% of organisations knowing that DNS security is critical to their business, cyber criminals are still infiltrating the network and causing significant business disruption, resulting in the shutdown of cloud and on-premise applications and theft of data.
As enterprises continue to strike a balance between supporting remote workers and mitigating the network security risks posed by the rise in hybrid work models and reliance on cloud applications, the results show that 88% of organisations have experienced one or more DNS attacks on their business. Each successful attack costs the business, on average, $942,000. Securing the DNS and ensuring the integrity of the network so that threats are detected and mitigated before they propagate becomes even more critical to guaranteeing continuous business operations, with organisations detailing how they have, on average, been hit by seven attacks in the past 12 months.
Additional key findings from the research include:
- 43% of organisations do not use a security solution built into a DNS server and 62% are still not using auto-remediation to ensure the security of the services.
- Almost a quarter (24%) had Intellectual Property (IP) or sensitive data stolen as a result of a DNS attack.
- 43% of respondents were victims of Ransomware
- Despite the risks posed by employees accessing unsanctioned cloud applications, 61% have not made Shadow IT a priority for its business in 2022. DNS has been proven as a primary solution to detect shadow IT in 51% of organisations.