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Cybersecurity Update Q3 2024
Cybersecurity Update Q3 2024
SECURITY INSIGHTS | October 18, 2024
AUTHOR: Christof Klaus, Head of Global Network Defense
The cyber security situation has worsened dramatically in recent months. In the update for Q3 2024, you can find out more about the latest developments based on data from our Myra Security Operations Center (SOC). In particular, the increase in DDoS attacks on public institutions underlines the urgency of holistic protection measures.
The cyber security situation escalated significantly in the third quarter of 2024. The analysis of the defense data from our Myra SOC shows a sharp increase in malicious web requests in the third quarter of 2024 compared to the same period last year. Specifically, the monitoring systems recorded an increase of 46.6 percent. The trend was particularly striking in July 2024, which saw the sharpest increase of 69.7 percent compared to July 2023. This malicious traffic is made up of DDoS attacks, attacks on vulnerabilities in online applications and bot-based attacks.
The experiences from the SOC align with the analyses of the European Union Agency for Cybersecurity (ENISA), which in their new "Threat Landscape 2024" report lists DDoS attacks, accounting for 46.3 percent of all attacks, as the largest cyber threat in the EU, followed by ransomware with 27.3 percent. The public sector, transportation, and financial industries are particularly frequently affected.
The observed increase in the third quarter seamlessly fits into the overall trend of 2024 – over the course of the year so far, Myra's systems have recorded an increase of 50.6 percent. The continuous rise in cyberattacks over several quarters highlights the necessity of ongoing adaptation and improvement of security strategies in companies and organizations.
In September 2024, a significant surge in DDoS attacks on Austrian organizations was observed over an extended period. On September 16, CERT.at warned about the wave of attacks, which subsided only after the National Council elections on September 29. These coordinated attacks impacted various sectors and resulted in temporary outages and disruptions at several affected institutions.A central national authority was able to defend itself against a 24-hour attack with our protection systems, ensuring that it was unaffected.
Head of Global Network Defense at Myra Security
The increase in cyber attacks over several quarters highlights the need to continually update and improve security strategies."