Following the Equifax data breach, organizations are taking steps to safeguard themselves. Organizations are looking for DDoS protection software solutions to protect their websites, online portals, and data from hackers, which will lead to growth in this market.
The latest big data breach third party involves an oil giant. It exposed confidential and proprietary company information. Hackers published small samples of the data on the dark web, including blueprints, private internal documents, and project specifications. In addition, they posted network layouts and exact coordinates of locations. While the data breach did not affect the day-to-day operations of the oil giant, it exposed its client list and other personal data.
Global market for DDoS protection software is expected to grow at a CAGR of 10.2% between 2016 and 2024. The rapid growth in the adoption of high-quality DDoS protection solutions by organizations will be fuelled by the increasing number of global data breaches, which compromises the security and privacy of their customers and vendors and leads to increase in bandwidth and internet usage and hence revenue and profit loss.
In 2015, based on vendor, the market was dominated by CloudShield Technologies Inc. with a share of 50.6% followed by Akamai Technologies, Inc. with a share of 32.7% and Prolexic Technologies, Inc.
There have been a number of breaches that have resulted in private data being leaked
For many organizations, the increased number of data breaches and privacy infringements are the driving force behind adopting DDoS protection software solutions. As a result, companies are looking for solutions that will help them stay ahead of the latest threats to their networks.
According to findings from a study by Cybersecurity Ventures (CVS), there has been a noticeable shift in the average cost of DDoS protection for large enterprises.
The study showed that the average cost of DDoS protection has been on a steady decline. For example, in 2009 the average DDoS protection cost was $50,000 per year, while in 2014 it was roughly $3,800 per year.
Organizations are seeking out protection software solutions that can handle distributed denial of service attacks
Recent data breaches and privacy infringements have increased the need for DDoS protection software solutions. Organizations are looking for a solution that can handle distributed denial of service attacks, where a computer system is overwhelmed with a large amount of requests from a single source. To address this need, many companies have launched a DDoS protection service to provide a solution for organizations. Such companies provide either on-premise or cloud-based service, offering affordable plans for organizations of any size.
Cloud-based service is more cost-effective for large organizations that have access to the computing resources. The downside of the cloud-based DDoS protection solutions is that they can’t provide complete protection, as they are unable to stop data breaches or privacy infringements.
Hence, companies are looking for a solution that can provide protection at an affordable price, without compromising on the level of security.
DDoS attacks usually utilize various forms of botnets, each malicious program is controlled by its master controller.
DDoS protection software typically includes two-factor authentication
DDoS protection software typically includes two-factor authentication to increase the security of a website. Typically, this involves an email with a code being sent to a user’s registered email address and a code being generated by a separate app for a mobile device. Without both of these codes, a user is not able to login to the website.
However, this typically leads to a greater number of users being locked out of the website.
So for enterprises that want to keep their customers up-to-date, they need to find a way to balance security with the needs of their users.
Other issues to consider are the infrastructure costs of the third-party service. Not all users are equal. A customer with a secure account, who uses it for work, is unlikely to need the same level of protection as someone who needs protection because they are too busy at home.
Organizations are seeking protection from cyber threats and data breaches
Due to the increased number of data breaches and privacy infringements, organizations are seeking DDoS protection software solutions. There are various DDoS protection service providers available in the market. Many DDoS attack protection service providers offer an array of services including; DDOS Protection Solutions, DDoS Attack Solution, Website DDoS Protection.
Risks and challenges: There are many risks and challenges that arise while deploying any distributed denial of service (DDoS) protection solution, and this is why it is important to use a qualified service provider.
There is an increased need for the software as a result of recent data breaches and security threats
Due to the increased number of data breaches and privacy infringements, organizations are seeking DDoS protection software solutions to safeguard their infrastructure and maintain their security. These solutions can help prevent attacks that can ruin business reputation and harm customer trust. They also provide protection against ransomware that can be harmful to an organization.
That is why a large number of software products have been launched in the market to fulfill the needs of organizations.
Data breaches and cyber-attacks can lead to large amounts of stolen or destroyed data.
Organizations are seeking DDoS protection software solutions due to the increased number of data breaches and privacy infringements. DDoS attacks can bring a company’s services offline, which can result in large amounts of stolen or destroyed data. A DDoS attack can cripple a company’s online services, which can lead to a decrease in productivity and a loss of revenue. These attacks can be costly for a company, but fortunately, there are DDoS protection software solutions that can prevent these attacks from occurring.
An organization can protect itself from DDoS attacks by purchasing an expensive DDoS protection software solution
A company can protect itself from DDoS attacks by installing the proper DDoS protection software solution. This type of solution monitors a company’s network and automatically shuts down any DDoS attacks. A DDoS protection software solution can be installed as a device, appliance or as a managed service that protects a company from being attacked by a DDoS attack.
DDoS protection service, also known as DDoS mitigation service, can reduce or even eliminate the effects of a DDoS attack. These attacks often come from botnets and malware that work together to flood a company’s services with unwanted traffic, resulting in severe network congestion.