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Products & Releases



LUMEN Q3 DDOS REPORT: BANKING WAS THE MOST TARGETED INDUSTRY FOR THE FIRST TIME


October 26, 2023
PDF


PRESS RELEASE


DENVER, Oct. 26, 2023 /PRNewswire/ -- New data from the Lumen
Technologies (NYSE: LUMN) Distributed Denial of Service (DDoS) mitigation
platform landed the banking industry in the unenviable position of being the
most targeted vertical of Q3 2023. This is the first time the banking industry
topped Lumen's "most targeted verticals" list and was largely due to the events
of a single day: Sept. 21, 2023.

On that day, a single banking customer was targeted with more than 230 DDoS
attacks – a whopping 4,500% increase over the daily average for that industry –
yet it experienced no downtime. Had the attackers been successful, they could
have caused significant damage in the form of lost business, remediation costs
and reputational damage.

"The successful mitigations for this banking customer can be traced back to
Lumen's multi-layered approach to DDoS mitigation," said Brett Lemarinel,
director of unified threat management for Lumen. "It starts at our network,
where countermeasures are built in, and our intelligent routing technology,
which sends excess traffic through our 500+ scrubbing locations. Our DDoS
customers have an added layer of protection from Rapid Threat Defense, our
proprietary capability that utilizes threat intelligence from Lumen Black Lotus
Labs® to block DDoS botnet traffic before it reaches the customer's
environment."

Lemarinel continued, "This should be a warning to all other businesses. More
than 230 mitigations in a single day suggests the threat actor was determined to
wreak havoc on this customer. Even though the attacker failed, the activity we
saw on Sept. 21 is a potent reminder that any business can be in an attacker's
crosshairs on any given day."





Other notable findings in the report include:



A never-before-seen, four-vector combination was attempted during the Sept.
21 event. The four-vector combination included DNS Amplification, IP
Fragmentation, Invalid Packets and Static Filtering. Cyber attackers frequently
modify their vector combinations as they attempt to defeat mitigation
strategies, but the Lumen DDoS mitigation platform has the flexibility required
to recognize and stop these attacks before they impact the targeted customers.
The total number of attacks decreased in Q3 2023. Attackers frequently run their
operations like a business and, as with any business, cyberattacks have seasonal
ups and downs. In Q3 2023, Lumen mitigated 4,217 attacks, which was a 23%
quarter-over-quarter decrease and a 24% annual decrease. The banking industry
was also the most-targeted vertical for application threats, according to
Lumen's application protection partner, ThreatX. Among all industries, the
highest percentage of blocked traffic (25.5%) came from programmatic access,
which are suspicious, automated attempts to access a web application. This
number is up 89% from the previous quarter. The banking sector experienced a
significant percentage of "Attacks Against Authentication" (nearly 25%), which
are used to gain unauthorized access to financial data. Financial institutions
are attractive to attackers, as evidenced by the high attack ratio and
combination of brute-force attacks that targeted banks in Q3. Protecting
financial data is paramount, but robust web application and API protection
solutions can help protect the industry.






"The Q3 ThreatX application attack analysis underscores the critical importance
of bot protection and the need for awareness of industry-specific threats,"
said Neil Weitzel, director, Security Operations Center at ThreatX. "The
especially high number of programmatic access threats this quarter underscores
the prevalence of bots in API and application attacks. In addition, our findings
reveal variations in threats across industries, so businesses must stay vigilant
and proactive to safeguard their applications and APIs."

About Lumen Technologies

Lumen connects the world. We are igniting business growth by connecting people,
data, and applications – quickly, securely, and effortlessly. Everything we do
at Lumen takes advantage of our network strength. From metro connectivity to
long-haul data transport to our edge cloud, security, and managed service
capabilities, we meet our customers' needs today and as they build for tomorrow.
For news and insights visit news.lumen.com, LinkedIn: /lumentechnologies,
Twitter: @lumentechco, Facebook: /lumentechnologies, Instagram:
@lumentechnologies, and YouTube: /lumentechnologies.

About ThreatX

ThreatX is managed API and application protection that lets you secure them with
confidence, not complexity. It blocks botnets and advanced attacks in real time,
letting enterprises keep attackers at bay without lifting a finger. Trusted by
companies in every industry across the globe, ThreatX profiles attackers and
blocks advanced risks to protect APIs and applications 24/7. Learn more
at https://www.threatx.com.

Keep up with the latest cybersecurity threats, newly-discovered vulnerabilities,
data breach information, and emerging trends. Delivered daily or weekly right to
your email inbox.
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