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British companies at risk of becoming cyber-dominoes as ISP and hosting companies they rely on become most targeted for cyber crime
[December 09, 2014]

British companies at risk of becoming cyber-dominoes as ISP and hosting companies they rely on become most targeted for cyber crime


New research from Radware shows a fifth of companies are now under constant attack Internet of Things preoccupies CIOs as they grapple to identify where responsibility for technology starts and ends London, UK; December 9, 2014 – Radware® (NASDAQ: RDWR): The ISP and hosting sectors were the most targeted industries of cyber-crime in 2014, and the trend is likely to continue in 2015. That’s according to Radware, a leading provider of application delivery and application security solutions for virtual and cloud data centres. The findings from its fourth annual ‘Global application and security report’, which surveys 330 companies globally* on cyber attacks on networks and applications, act as a strong warning to companies that depend on a hosting provider or ISP to ensure they do not become a ‘cyber-domino’ as a result of the security failings of their suppliers.



Ring of Fire: As part of the report, Radware publishes a ‘Ring of Fire’, which tracks cyber attacks and predicts the likelihood of attack on major industries. In the last 12 months, ISPs have moved up the risk rankings to become some of the most at-risk companies, joining the gambling sector and government at the centre of the ‘Ring of Fire’. Hosting companies have jumped from ‘low risk’ on the outside of the ring to just outside the ‘high risk’ centre. (Figure 1) Adrian Crawley, UK & Ireland regional director for Radware, says: “The news presents a stark reality for thousands of British businesses that rely heavily on ISP and hosting provision to host their website and network operations. If companies fail to ensure their network security planning includes that of their ISP and hosting partners then there’s no doubt that 2015 will see a great number of ‘cyber-dominoes’ fall.” He continues: “The good news is that we know from conversations with CIOs of ISPs and hosting providers that they understand the risks and want to put in place robust solutions. Many of them agree that this is a three step process comprising hybrid solutions that protect them from the very complex and sustained attacks on application networks, collaboration with suppliers and customers, and using expertise from the security industry.” Figure 1. Radware Global Application and Security Report, Ring of Fire The report also shows that 19% of companies admit they are under constant cyber attack, three times as many as last year, yet 52% reveal they can effectively fight an around-the-clock campaign for only a day or less. The pressure this puts companies under has prompted boardrooms to take the threat of attacks more seriously. Three quarters of respondents said it is now a hot topic in the boardroom as reputation and revenue implications are better understood.

Carl Herberger, vice president of security solutions at Radware adds: “When interviewed, IT and network directors suggested that the shift in boardroom attitudes is not only helping them to raise the issues related to managing existing infrastructure but also the implications of embracing new trends such as bring your own device, the move to the cloud, and the Internet of Things (IoT).” Carl continues: “The Internet of Things will be one of the greatest challenges for CIOs in the coming five years because of the prevalence of reflective attacks, where hackers use legitimate routes into the network to hide their identity and mask activity. For example, in anecdotal research, the healthcare industry was pre-occupied by the threat of death - it’s a scary thought to consider the possibility that life support machines or pace makers could be taken over and shut down by hacktivists using legitimate routes to get in.


In support of this finding, more than half (52%) reported changing security processes, protocols and/or mandates, and almost half (48%) of companies will employ hybrid protection of on-premise and cloud solutions that fight back on multiple levels.

The report has also revealed that the drivers for attacks are not clear. 70% of brands generally have no idea of the motive of the attack, though 15% say they have experienced ransom attacks, and 35% a politically motivated one, reflecting the growing enthusiasm to exploit geo-political events in the world – the conflict in the Ukraine being a notable example this year.

A full copy of Radware’s fourth ‘Global Application and Security Report’ is available here To download the Ring of Fire image click here and a photograph of Adrian Crawley is here ENDS *About the report In September and October of 2014, Radware conducted a survey of the security community and collected 330 responses. The survey was sent to a wide variety of organisations globally, from across 23 industries. 49.5% of companies had annual revenue of over $500m. 35% employed 1,000-10,000 people and 27% employed over 10,000. In depth interviews were also conducted with 11 senior executives from companies with global operations. The survey was designed to collect objective, vendor-neutral information about issues organisations faced while planning for and combating cyber-attacks.

About Radware Radware (NASDAQ: RDWR), is a global leader of application delivery and application security solutions for virtual and cloud data centres. 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 www.radware.com.

Radware encourages you to join our community and follow us on: Facebook, Google+, LinkedIn, Radware Blog, SlideShare, Twitter, YouTube, Radware Connect app for iPhone® and our security centre DDoSWarriors.com that provides a comprehensive analysis on DDoS attack tools, trends and threats.

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