Asia recorded an increase of 15 per cent in average cost of a DNS attack, incurring a cost of $908,140, up from $792,840 the previous year.
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India is among the top three countries in Asia that experienced the highest cost of DNS (domain name system) attacks in 2021 to date, as nearly 90 per cent of organisations globally experienced DNS attacks, with the average cost of each attack around $950,000, a new report showed on Monday.
Asia recorded an increase of 15 per cent in average cost of a DNS attack, incurring a cost of $908,140, up from $792,840 the previous year.
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Countries that saw a significant increase in damages included Malaysia which increased by 78 per cent, the sharpest increase, and India, which saw a significant increase of 32 per cent from last year, according to the report by EfficientIP, a leading provider of network security and automation solutions.
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The report, conducted in collaboration with the IDC, showed that organisations across all industries suffered an average 7.6 attacks this past year amid the pandemic.
Around a quarter of companies have suffered a DNS attack abusing cloud misconfiguration, with almost half of companies (47 per cent) suffering cloud service downtime due to DNS attacks.
In its seventh year, the threat report also found a sharp rise in data theft via DNS, with 26 per cent of organisations reporting sensitive customer information stolen compared to 16 per cent in 2020’s Threat Report.
“As workers look to more permanently transition to off-premise sites, making use of cloud, IoT, edge and 5G, companies and telecom providers should look to DNS for a proactive security strategy,” said Ronan David, VP of Strategy for EfficientIP.
This year, phishing also continued to grow in popularity (49 per cent of companies experienced phishing attempts), as did malware-based attacks (38 per cent), and traditional DDoS attacks (29 per cent).
“While it is positive that companies want to use DNS to protect their increasingly remote workforces, organisations are continuing to suffer the costly impacts of DNS attacks,” said Romain Fouchereau, Research Manager European Security at IDC.
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