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Stock Market & Financial Investment News

News Breaks
November 27, 2012
10:32 EDTAKAMAkamai should be helped by solid start to Web holiday shopping, says Wells Fargo
Wells Fargo believes that Akamai should get a modest boost from the solid start to this year's online, non-travel holiday shopping season. The firm now has more confidence in its Q4 revenue estimates for the company and maintains an Outperform rating on the stock.
News For AKAM From The Last 14 Days
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January 29, 2015
06:52 EDTAKAMAkamai reports DDoS attack traffic up 57% year-over-year
Akamai Technologies announced the availability of the Q4 State of the Internet Security Report. "An incredible number of DDoS attacks occurred in the fourth quarter, almost double what we observed in Q4 a year ago," said John Summers, vice president, Cloud Security Business Unit, Akamai. "Denial of service is a common and active threat to a wide range of enterprises. The DDoS attack traffic was not limited to a single industry, such as online entertainment that made headlines in December. Instead, attacks were spread among a wide variety of industries." Akamai also observed a 52% increase in average peak bandwidth of DDoS attacks compared to Q4 a year ago. Large packets of unwanted network traffic can quickly sap an enterprise's ability to respond to legitimate customers, resulting in denial of service outages. Most unprotected sites cannot withstand a typical DDoS attack. As a result, DDoS attacks have become part of the common cybersecurity threatscape that all enterprises with an online presence must anticipate in a risk assessment. Resourceful DDoS-for-hire booter suites took a low-investment approach by tapping into reflection-based DDoS attacks. Nearly 40% of all DDoS attacks used reflection techniques, which rely on Internet protocols that respond with more traffic than they receive and do not require an attacker to gain control over the server or device. Widespread availability of for-hire DDoS services allowed low-level, non-technical attackers to purchase ready-to-use DDoS services. The expansion of the DDoS-for-hire market also promoted the use of multi-vector campaigns, as the competitive market drove attack innovation. Significantly more multi-vector attacks were observed 88% more than in 4Q13. More than 44% of all attacks used multiple attack vectors.

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