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Gcore Radar Report Shows 46% Increase in Number of DDoS Attacks in First Half of 2024

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Peak attack power hits record high as threats escalate 

LUXEMBOURG, Aug. 14, 2024 /PRNewswire/ — Gcore, the global edge AI, cloud, network, and security solutions provider, today announced the findings of its Q1–Q2 2024 Gcore Radar report into DDoS attack trends. While the report reveals a sharp increase of 46% in the number of DDoS attacks compared to the same period in 2023, it is equally alarming that peak attack power measures in terabits per second. This marks a significant rise from gigabits per second a year ago, with the shift to terabits beginning in the second half of last year.  

Key Highlights from Q1–Q2 2024

The total number of attacks during H1 2024 amounted to 830,000, an increase of 46% when compared to H1 2023.Peak attack power rose from 1.6 Tbps in H2 2023 to 1.7 Tbps.UDP floods made up 61% of DDoS attacks, while TCP floods and SYN floods constituted 18% and 11% of the total respectively.The most-attacked business sectors were gaming (49%), technology (15%), financial services (12%) and telecommunications (10%).The e-commerce (7%) and media and entertainment (5%) industries emerged from the ‘Other’ category in H1 2024, indicating that they were being targeted more often than in the past.

Gcore Radar is published twice-annually and reflects the state of the DDoS attack landscape, as observed on Gcore’s network. The Q1–Q2 2024 report shows that the total number of attacks continued to rise. While the power of the attacks – first measured in terabits per second (Tbps) in the second half of last year – increased slightly from 1.6 to 1.7 Tbps, this still poses a growing threat to organisations.

Technology emerges as one of the most attacked industries

Attacks on the gaming industry in H1 2024 continued to dominate and rose by 3% over H2 2023. Gcore saw DDoS attacks being used by gamers and gaming groups as a tactic against opponents to derive competitive advantage in tournaments and matches. However, the biggest change over the previous two quarters was in the number of attacks on the technology industry, which more than doubled to 15%. The sector has become increasingly attractive for bad actors seeking to disrupt businesses that host critical infrastructure.

In terms of the industries most impacted by network-layer attacks in H1 2024, gaming sat in first position at 47%, technology came in second with 31% of the attacks, and the telecommunications sector was third most-affected with 14%. Among the industries affected by application-layer attacks, financial services were highly targeted with 41% of all attacks, likely because of the sector’s low tolerance for disruption and downtime and the monetary gains available to attackers. E-commerce was the second most-affected sector with 28% of application-layer attacks, with media and entertainment third with 13% of the total application-layer attacks.

Andrey Slastenov, Head of Security at Gcore, said: “We should not be fooled by the rise of only 0.1 terabit per second in the first half of this year, given that a mere 300 Gbps attack will take an unprotected server offline in seconds. The payload of any attack measured in terabits is immense and any rise in attack potency, no matter how small, can have serious repercussions at these levels.”

“As far as attack numbers are concerned, the rise is worrying, and industries must think about why they are being targeted so they can protect themselves. In gaming, some attacks are carried out between competitors. Others are designed to affect the monetization of the gaming industry, which is directly affected if a DDoS attack takes the gaming service offline. The same is true for technology companies whose services are seriously disrupted if servers, networks, and storage services are unavailable,” concluded Slastenov.

Origin locations of DDoS attacks

At the application layer, Gcore, which has global coverage over six continents, uses attackers’ IP addresses to determine the country of origin. However, to identify the source of network-layer attacks, the company identifies the location of the data centres where the attack packets are received.

In Q1 and Q2 of 2024, the US was the largest source of network-layer attacks. Germany was second, followed by Netherlands and Singapore.

Some of the same attack origins dominated application-layer attacks.

DDoS attack vectors

UDP floods continued to dominate at the L3–4 layers, constituting 61% of DDoS attacks. TCP and SYN floods were the next two attack vectors of choice for cyber criminals clocking up 18% and 11% of the total, respectively.

When it comes to L7 attacks, HTTP flood was by far the most popular attack method.

Short, powerful attack trends continue

The vast majority of attacks lasted under ten minutes, while the maximum attack duration recorded during H1 2024 lasted for 16 hours. The potency of even the shortest attacks, however, was strong, which would often have led users to abandon the services they were trying to access with a significant impact on the brand reputation of the provider.

“The variability in the duration and types of attacks illustrates the sophisticated tactics and customised methods that attackers are using to create the maximum possible disruption,” Andrey Slastenov commented. “What is clear from this Gcore Radar report is that attacks are not slowing down, which means a robust response in the form of DDoS detection, mitigation and protection must be a top priority to avoid disruption, downtime, and revenue loss.”

Gcore Radar offers readers an understanding of the evolving threat landscape and serves as an insight for businesses and individuals seeking to stay informed about the latest developments in cybersecurity.

To access the full report, please visit http://gcore.com/library/wp-security-gcore-radar-q1-2-2024 

About Gcore 

Gcore is a global edge AI, cloud, network, and security solutions provider. Headquartered in Luxembourg, with a team of 600 operating from ten offices worldwide, Gcore provides solutions to global leaders in numerous industries. Gcore manages its global IT infrastructure across six continents, with one of the best network performances in Europe, Africa, and LATAM due to the average response time of 30 ms worldwide. Gcore’s network consists of 180 points of presence worldwide in reliable Tier IV and Tier III data centers, with a total network capacity exceeding 200 Tbps. Learn more at gcore.com

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Leoguar Electric Bike Makes Christmas Unforgettable with Exclusive Holiday Offers

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HOUSTON, Dec. 25, 2024 /PRNewswire/ — As the holiday season draws near, Leoguar is excited to offer exclusive deals on their range of electric bikes, bringing families together for memorable moments. With a collection designed to combine fun and fitness, this Christmas is the perfect time to gift an unforgettable experience.

“This Christmas, we’re inviting families to rediscover the joy of outdoor exploration. Our bikes help you bond, stay active, and make the most of every moment,” said the Leoguar COO.

Leoguar’s holiday lineup offers premium e-bikes for every rider, now with unbeatable deals: 

Flippo Folding eBike: A lightweight, foldable ride perfect for urban commutes. Upgrade to the Flippo Pro for enhanced performance with a torque sensor for smoother rides.

Fastron Fat Tire eBikes: Built for rugged terrains, the Fastron features a durable, rugged build, and speeds up to 28 MPH, making it the perfect choice for adventurous riders.

Zephyr Beach Cruiser eBikes: Crafted for effortless coastal cruising, the design combines style and comfort, featuring a comfort saddle that ensures a smooth, seamless ride.

Sprint Utility eBike: A versatile, practical choice featuring a sturdy frame and passenger seat, perfect for errands or leisure.

Trailblazer EMTB: Designed for tough off-road trails, the model features a 500W mid-drive motor, offering powerful performance, extended range, and excellent climbing ability.

To make this holiday gift even sweeter, all Leoguar bikes come with free shipping and a two-year warranty for worry-free riding. Additionally, customers can join the holiday giveaway to win prizes like $59 bottle holders, or even a free e-bike!

Leoguar bikes cater to all experience levels, offering comfort and a seamless riding experience. They promote health benefits like improved fitness and stress relief while creating lasting memories on scenic rides.

“Whether it’s cruising the city streets, riding mountain trails, or relaxing by the beach, a Leoguar electric bike is the ideal Christmas gift,” the COO added. “This holiday season, choose a cycling gift that will last for years to come — there’s no better way to kick off the new year.”

To check out the full collection and take advantage of these limited-time offers, visit www.leoguarbikes.com

About Leoguar:

Leoguar is an eco-conscious e-bike brand founded by Johnny, an engineer with decades of industry expertise. Combining innovation, agility, and power, Leoguar delivers high-quality electric bikes designed for adventure, sustainability, and individuality.

Media contact: lily@leoguarbikes.com 

 

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SOURCE Leoguar Electric Bikes

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2024 Financial Oscars: Waton Securities International Honored as “Outstanding Digital Empowerment Institution” of the Year

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SHENZHEN, China, Dec. 25, 2024 /PRNewswire/ — In early December, at the 18th Huaxia Institutional Investor Annual Conference of 2024, the 18th Golden Cicada Awards were announced. Waton Securities International was awarded the “Outstanding Digital Empowerment Financial Institution of 2024” for its significant achievements in securities brokerage and fin-tech sector.

The selection for the “Outstanding Digital Empowerment Financial Institution” focused on evaluating companies based on financial performance, market competitiveness, customer recognition, digital strategy planning and implementation, digital transformation outcomes, and risk control capabilities. Particularly, it highlighted cases that have made significant strides in digital empowerment.

The evaluation also emphasized the outstanding performance of financial institutions in their own digital transformation and the sound risk control abilities demonstrated during this process, ensuring that while pursuing innovation, companies can effectively manage and control risks. Waton Securities International distinguished itself among the contenders with its sophisticated technology platform, well-defined digital strategy, substantial transformation achievements, and commendable risk control mechanisms.

Established in Hong Kong in 1989, Waton Securities International has steadily grown with a deep understanding of professional financial services and regulatory compliance. It has obtained licenses 1/4/5/9 from the Hong Kong Securities and Futures Commission, becoming a fully licensed brokerage with comprehensive financial service qualifications. Through continuous technological innovation and digital transformation, it has successfully built a one-stop brokerage cloud service platform, promoting advanced digital financial technology globally. Its pioneering SaaS product, “Broker Cloud”, allows corporate clients to independently deploy and operate high-performance digital customer information management and trading systems without their own IT teams. The solution is relatively low-cost and adaptive to industry, which is the core competitiveness of Waton Securities International.

Data reveals that of the 1,100 securities firms in Hong Kong, approximately 600 are actively trading, yet fewer than 50 have developed their own mobile applications. On a global scale, among the 30,000 securities companies, only a handful—less than 300—feature brokerage trading Apps in App stores. This underscores a significant market demand for the digital enhancement of the securities sector.

With the swift growth of technologies like generative AI LLMs, blockchain, big data, and cloud computing, the securities industry can use these tools to streamline trading strategies, assess risks more accurately, and forecast market trends. These technologies also help the industry to move towards more integrated, platform-focused, and digital operations. The main goal of technology in finance is to increase the efficiency of financial institutions. A good starting point for applying technology is to focus on financial services and build a solid technical foundation for these institutions.

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SOURCE Waton Securities

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Mega Matrix Announced that the English Version of “Getting Even: The Secret Prodigy’s Playbook” Now Streaming on FlexTV

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SINGAPORE, Dec. 25, 2024 /PRNewswire/ — The highly anticipated English adaptation of the revenge rebirth series, Getting Even: The Secret Prodigy’s Playbook, officially premiered on December 19th on FlexTV, the world-leading short drama streaming platform operated by Mega Matrix Inc. (NYSE American: MPU). The series delves into the intricacies of power struggles within the White family, chronicling the protagonist’s journey of rebirth and empowerment to rewrite her destiny.

Audrey White, the legitimate daughter of the White family, was sent abroad at a young age due to family circumstances, gradually estranging her from her kin. When she finally returns home, eager to reunite with her family, she unexpectedly becomes the target of jealousy from Ruby White, the family’s adopted daughter. Harboring deep resentment, Ruby orchestrates a kidnapping plot, culminating in a devastating fire designed to test the loyalty and affection of the White family.

Left to perish in the flames, Audrey is abandoned by her family but heroically rescued by her uncle. Miraculously, she is granted a second chance at life, returning three years prior with the power to alter her fate. Determined to expose Ruby’s schemes, rebuild her family bonds, and claim her rightful respect and happiness, Audrey embarks on a journey of resilience and redemption.

FlexTV, operated by MPU, is a global leader in short drama streaming, delivering content in over 100 countries in multiple languages, including English, Japanese, Korean, Portuguese, Spanish, French, and Arabic. Known for its premium-quality dramas and unparalleled user experience, FlexTV has captured the hearts of audiences worldwide. The English version of Getting Even: The Secret Prodigy’s Playbook, now streaming on FlexTV, offers a compelling exploration of familial power dynamics, the complexities of human nature, and the protagonist’s growth and self-redemption in adversity. For more exciting content, please visit https://www.flextv.cc/.

#WealthyFamily #Revenge #Rebirth #ShortDrama #FlexTV #MPU

About Mega Matrix Inc.: Mega Matrix Inc. (NYSE American: MPU) is a holding company and operates FlexTV, a short-video streaming platform and producer of short dramas, through its subsidiary, Yuder Pte, Ltd.. Mega Matrix Inc. is a Cayman Island corporation headquartered in Singapore. For more information, please contact info@megamatrix.io or visit: http://www.megamatrix.io.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements that are purely historical are forward looking statements. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose,” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees for future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are: the ability to manage growth; ability to identify and integrate future acquisitions; ability to grow and expand our FlexTV business; ability to execute the strategic cooperation with TopReels, ability to obtain additional financing in the future to fund capital expenditures; ability to establish the investment fund with 9 Yards Communications under the memorandum of understanding; fluctuations in general economic and business conditions; costs or other factors adversely affecting the Company’s profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory environment; a pandemic or epidemic; the possibility that the Company may not succeed in developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation, or other economic and policy factors; and the possibility that the Company’s new lines of business may be adversely affected by other economic, business, and/or competitive factors. The forward-looking statements in this press release and the Company’s future results of operations are subject to additional risks and uncertainties set forth under the “Risk Factors” in documents filed by the Company’s predecessor, Mega Matrix Corp., with the Securities and Exchange Commission, including the Company’s latest annual report on Form 10-K, as amended, and are based on information available to the Company on the date hereof. In addition, such risks and uncertainties include the Company’s inability to predict or control bankruptcy proceedings and the uncertainties surrounding the ability to generate cash proceeds through the sale or other monetization of the Company’s assets. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Disclosure Channels

We announce material information about the Company and its services and for complying with our disclosure obligation under Regulation FD via the following social media channels:

The Company will also use its landing page on its corporate website (www.megamatrix.io) to host social media disclosures and/or links to/from such disclosures. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our website, press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our website.

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SOURCE Mega Matrix Corp.

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