Will the Rise of DDoS Cyberattacks in 2023 Impact Your Safety?

DDoS attacks have increased by 300% in 2023. Moreover, 2022 saw a rise of more than 115% when comparing its data to the previous year, signaling an exponential spike in the number of attacks. 

Faster internet connections, more powerful servers, and attackers with more resources. These have contributed to the rise of cyberattacks in 2023, including DDoS breaches. 

Let’s go over three ways that the rise of DDoS cyberattacks will impact your reality. 

What Are DDoS Attacks?

DDoS attacks are cyber threats that can completely halt an entire network, website, or other digital asset. 

In simple terms, DDoS attackers overload their targets with a volume of requests that’s too large to handle. 

This causes the targeted site or app to be unreachable or inaccessible, meaning legitimate users can’t access the platform.

Let’s take a look at some of the effects that a DDoS attack can have. 

  • Security breach: if a DDoS attack is successful, attackers may breach your defenses and gain access to sensitive customer data.
  • Service disruptions: a successful attack can also cause service disruptions and allow for additional installation of malware.
  • Loss of clients: In most cases, a loss of clients usually accompanies a security breach, and DDoS attacks are no exception. 
  • Damage to your reputation: the fallout, which may include disgruntled customers, may damage your reputation beyond repair. 

DDoS Cyberattacks in 2023

Hackers Will Target Cryptocurrency More Often

Cryptocurrencies have exploded in popularity, but they’ve also presented themselves as excellent targets for DDoS attackers.

Cryptocurrency DDoS attacks increased by more than 600% compared to last year, so expect this trend to continue well into 2023. 

Banks Are Also Being Attacked Regularly

Various hacker groups announced their intentions to target Western banks and financial institutions. 

DDoS attacks can be used to freeze the Society for Worldwide Interbank Financial Telecommunication (SWIFT), a major service used by Western banks on a global scale. 

Main Attack Targets Will Vary By Location

The regulations and security standards in each area also influence the security levels of the different industries in these locations. 

DDoS attackers also adapt to this phenomenon. So, many cybersecurity experts expect different types of attacks to be conducted in each region. 

Tips to Protect Yourself While Browsing the Web

Knowing what to do during and after a DDoS attack is essential, but you should also take steps to protect yourself and avoid this type of breach in the first place. 

Here are some steps you can follow. 

  • Safekeep Your Consumer-Facing Platforms: if you have a consumer-facing platform, take the time to implement security best practices. 
  • Access the Web Through an Encrypted Connection: Use a VPN for Google Chrome or whatever browser you prefer to protect your connection.
  • Hire DDoS Protection: many providers offer DDoS protection that goes beyond the basic features provided by your internet service provider, so consider hiring this type of service. 
  • Protect Common Access Points: DDoS attacks can target different vectors, but the 3 most common are network time protocol (NTP) amplification, Memcached, and user datagram protocol (UDP) attacks. 

How Do DDoS Attacks Impact You?

The impact of a DDoS attack can be anything from a small obstacle to a serious security breach. 

Sometimes, a DDoS attack may only mean that your favorite app or website is down for a few minutes. 

Now, if the attackers break through the security systems, whatever information you share with the app may be in danger. App developers commonly contact you if you’ve been affected by this type of breach. 

With the above in mind, being targeted by a DDoS attack as the platform owner is entirely different, as this always results in an emergency that requires immediate attention. 

From identifying the source to stopping the attack as quickly as possible and controlling the backlash, this cybercrime generates huge damage to a business.  

So, whichever the case may be, it’s in your interest to prevent this attack as much as possible. 

To Wrap Up

DDoS attacks have been growing in volume for several years, so you can expect to see a rise in cryptocurrency breaches, more cybercriminals targeting banks, and other trends we detailed above. 

This also means that protecting your websites, platforms, and other online assets is essential. 

As long as you follow security best practices, browse the web through an encrypted connection, and hire a reliable DDoS attack protection service, you’ll help minimize the impact of type of breach.