Lumen Q3 DDoS Report: Banking Was the Most Targeted Industry for the First Time

Lumen Q3 DDoS Report: Banking Was the Most Targeted Industry for the First Time

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

“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.