Kaspersky Reveals Alarming IoT Threats and Dark Web DDoS Boom

The cybersecurity researchers at Kaspersky have unveiled alarming statistics about the expanding cybercrime economy on the dark web.

Key Findings:

  1. DDoS Demand Soars: Kaspersky’s analysts discovered over 700 dark web ads for DDoS attack services in H1 2023, highlighting the escalating demand among hackers.
  2. Cost of DDoS Services: Rates for DDoS attack services on the dark web ranged from $20 per day to $10,000 per month, with an average cost of $63.50 per day or $1,350 per month.
  3. IoT Malware Evolution: Fierce competition among cybercriminals has driven the development of IoT malware, with features designed to thwart rival malware, including firewall rules and process terminations.
  4. Brute-Force Attacks Prevalent: Brute-forcing weak passwords remains the primary method for compromising IoT devices, with 97.91% of attacks focusing on Telnet, compared to 2.09% on SSH.
  5. Global Attack Landscape: While China, India, and the United States were the primary targets of IoT attacks, China, Pakistan, and Russia emerged as the most active attackers, highlighting the global reach of cyber threats.

The Internet of Things (IoT) landscape is under siege, with a growing underground economy centered around IoT-related services, particularly for Distributed Denial of Service (DDoS) attacks, according to a recent report by cybersecurity firm Kaspersky.

The study delves into the evolving threats targeting the IoT sector, shedding light on the modus operandi of cybercriminals and the alarming prevalence of malware types.

IoT devices are poised to surpass a staggering 29 billion by 2030, making them an attractive target for cybercriminals. Kaspersky’s research presents crucial insights into dark web activities, prevalent malware strains, and the tactics employed by hackers.

While DDoS protection and mitigation services are utilizing all available resources to secure their clients’ infrastructure; DDoS attacks orchestrated through IoT botnets are experiencing a surge in demand within the cybercriminal community. Kaspersky’s Digital Footprint Intelligence service analysts unearthed over 700 ads for DDoS attack services on various dark web forums in the first half of…