Businesses of all sizes, across all verticals, generate significant sales online, increasing their risk and exposure from outages and breaches. Unfortunately, malicious actors understand this and target online businesses with this in mind. By and large, their efforts are successful. According to Radware’s 2016 Global Network and Application Security Report, 62% of those attacked suffered downtime or degradation. According to this same report, organizations now see more tangible financial impact from cyber-attacks. Over two-thirds (69%) of organizations say attacks cause revenue, customer, partner, and productivity loss (up from 45% last year).
Attacks aren’t just about outages or breaches, performance degradation caused by attacks are a growing problem as well. According to recent studies, 40% of customers will now wait 3 seconds or less before moving on to a competitor site, meaning the impact of performance loss is extremely tangible for online businesses.