Report: Criminals find profit rates of up to 95 percent with DDoS attacks

The emergence of the DDoS-as-a-service industry has lowered the costs for attacks to $25 or less, allowing criminals with no technical expertise to reach profit margins of up to 95 percent, according to a report released last week.

And the prices of the attacks are likely to drop even further, as more insecure connected devices come online and are hijacked by criminal botnet operators, said Michael Canavan, senior vice president for Kaspersky Lab North America at Kaspersky Lab ZAO, which produced the report.

Sometimes, the criminals don’t even have to launch the DDoS attack to get the ransom as their targets simply pay up.

Read full article at CSO magazine.

Article was also reprinted at Network Asia.