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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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Artificial Intelligence

GEEKOM releases a perfect mini PCs with dual 2.5Gbps Ethernet ports – GEEKOM GT1 MEGA

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September 20, 2024

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TAIPEI, Sept. 20, 2024 /PRNewswire/ — GEEKOM, a Taiwanese tech company also known as the Green Mini PC Global Leader, recently released a strong lineup of flagship mini PCs with Intel Core Ultra processors and dual Ethernet ports, making it possible for users to enjoy impeccable performance and superb networking functionalities at the same time.

One of these mini PCs is the GEEKOM GT1 Mega, which employs a beautiful aluminum chassis with plenty of I/O, including two full-function 40Gbps USB4 Type-C, six USB Type-A, 2 HDMI2.0, a 3.5mm audio jack, an SD card reader and dual Ethernet ports. The two Ethernet jacks are both of 2.5Gbps standard, which not only delivers high-speed and reliable internet connection for people’s daily computing chores, but also enables the mini PC to serve more sophisticated networking functionalities as a soft router, a virtual machines, a hardware firewall, or even a home server. Besides, dual Ethernet ports can separate internal and external network connections, providing logical and physical separation of trusted and untrusted network traffic and keeping data safe from potential cyber-attacks.
The GT1 Mega is powered by Intel’s latest and smartest Core™ Ultra processor (up to CoreTM U9-185H) and dual-channel DDR5-5600MHz RAM. Thanks to the new CPU, GPU, and NPU three tier multi-processing architecture, the mini PC is ready to harness the superpowers of Artificial Intelligence. It is compatible with more than 500 AI models across 20+ categories and supports high-performance low-power processing in a wide range of computing scenarios, which include enhancing facial features and blurring the background during video calls, removing the vocals from songs to create karaoke tracks, and generating large-scale images based on texts or voice commands. Basically, the GT1 Mega allows users to finish tasks that used to take hours or even days through only a few keystrokes!
The GEEKOM GT1 Mega,is now available on GEEKOM’s official website.
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Artificial Intelligence

Lucinity Partners with Sift for Unified Fraud and AML Case Management

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September 19, 2024

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SAN FRANCISCO, Sept. 19, 2024 /PRNewswire/ — Lucinity and Sift have announced a partnership, unifying fraud and Anti-Money Laundering (AML) into Lucinity’s integrated FinCrime compliance platform for case management, agent-enabled workflow automation, and Generative AI.

Sift is an AI-powered fraud platform securing digital trust for leading global businesses. Its Global Data Network analyzes more than 1 trillion events and identity signals per year to prevent fraud across the entire consumer journey. Lucinity and Sift formed this new partnership to address the challenges of fragmented fraud and AML systems, aiming to centralize and enhance financial crime investigations.
Sift’s AI-powered solution will now be integrated into Lucinity’s platform. This collaboration enhances Lucinity’s ability to provide a seamless and efficient compliance solution. It allows teams to review and manage fraud alerts more effectively through Lucinity’s unified Case Management system, thanks to the native integration between the systems. Key benefits to Lucinity’s users include:
Real-Time Fraud Screening: Payments are screened for potential fraud in real time, utilizing Sift’s fraud detection capabilities.Automatic Payment Holds: Payments suspected of fraud are temporarily held, ensuring verification before processing.Streamlined Reviews: Compliance teams can conduct thorough reviews of flagged payments within Lucinity’s Case Management solution.Risk Level Adjustments: Fraud detection parameters can be customized to adjust sensitivity levels, adapting to emerging fraud trends and risk appetites.This partnership also enables users to leverage Lucinity’s Generative AI capabilities through the Luci copilot to investigate fraud cases more efficiently.
Udi Nessimyan, President and Chief Revenue Officer of Lucinity, comments, “One of the greatest challenges in fighting financial crime is fragmented systems and data. Our partnership with Sift helps address this challenge by providing a centralized platform for various case types, including AML, fraud, sanctions, and ad hoc cases. Our collaboration significantly enhances the productivity of investigation teams, reducing the time spent on cases from hours to minutes.”
Sift’s Chief Marketing Officer, Armen Najarian, emphasizes the collaborative effort to enhance financial crime prevention, stating, “Cybercriminals are increasingly leveraging AI to bypass traditional anti-money laundering and fraud controls, creating sophisticated and dynamic threats. To combat these evolving risks, companies must adopt a ‘fight fire with fire’ approach by leveraging AI-powered solutions. Through Sift’s partnership with Lucinity, businesses can stay ahead of fraudsters, ensuring robust protection against abuse and enabling fearless growth.”
About Sift: https://sift.com About Lucinity: https://lucinity.com
Media contact:Celina [email protected] +354 792 4321

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Employee Background Check Software Market Size to Grow USD 828.8 Million by 2030 at a CAGR of 4.9% | Valuates Reports

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September 19, 2024

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BANGALORE, India, Sept. 19, 2024 /PRNewswire/ — Employee Background Check Software Market is Segmented by Type (Cloud-Based, On Premises), by Application (SMEs, Large Enterprises): Global Opportunity Analysis and Industry Forecast, 2024-2030.

The Global Employee Background Check Software Market was valued at USD 587 Million in 2023 and is anticipated to reach USD 828.8 Million by 2030, witnessing a CAGR of 4.9% during the forecast period 2024-2030.
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Major Factors Driving the Growth of Employee Background Check Software Market:
The employee background check software market is growing due to increasing demands for secure hiring processes and regulatory compliance, especially in industries such as finance, healthcare, and IT. As companies look to reduce risks associated with fraud, legal liabilities, and workplace safety, background checks are becoming a critical part of recruitment processes. The rise of remote work has further accelerated the need for digital solutions. However, challenges include concerns over data privacy and varying legal frameworks across regions, which may slow adoption in some areas.
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TRENDS INFLUENCING THE GROWTH OF THE GLOBAL EMPLOYEE BACKGROUND CHECK SOFTWARE MARKET:
Cloud-based background check software is gaining traction due to its scalability, remote access, and cost-effectiveness. With cloud-based systems, businesses can streamline their hiring processes, particularly when operating across multiple locations. The ability to access data and conduct checks in real-time is highly valuable for organizations managing large workforces or remote employees. The flexibility and lower upfront investment of cloud-based solutions make them popular among businesses seeking efficient and adaptable systems for their recruitment processes.
On-premises solutions remain important for organizations with strict security and data control requirements, such as those in government, defense, or finance. These companies often need complete ownership of their data, which on-premises software offers, reducing the risk of external breaches. Although it requires significant upfront investment and maintenance, on-premises software provides a high level of customization and security. It’s especially useful for businesses dealing with sensitive information and industries where compliance with local data protection laws is critical.
Large enterprises, particularly those operating in regulated industries like banking and healthcare, are the major adopters of employee background check software. These organizations deal with large volumes of hires, making streamlined background checks essential for compliance and operational efficiency. The ability to integrate background check systems with existing HR tools, such as applicant tracking systems, allows large companies to manage their recruitment processes more effectively. The need for comprehensive and accurate background checks is crucial for mitigating risk and ensuring legal compliance.
The rise in remote working has increased the demand for background check software that allows companies to vet employees regardless of their location. Digital background checks, particularly cloud-based ones, make it easier for organizations to screen remote workers efficiently. This trend is expected to continue as more companies adopt hybrid or fully remote work models, where geographical barriers no longer restrict talent acquisition but require thorough and remote-friendly verification processes.
As regulatory frameworks for employment practices become more stringent globally, businesses are increasingly relying on background check software to ensure compliance. Laws like the General Data Protection Regulation (GDPR) in Europe and the Fair Credit Reporting Act (FCRA) in the U.S. have made it mandatory for companies to conduct background checks within specific legal parameters. This has led to increased demand for software solutions that can automate these processes while maintaining compliance with regional and international laws.
A major trend in the employee background check software market is the integration of these solutions with human resources management systems (HRMS). Integrating background checks with HR software streamlines the hiring process by consolidating background checks, employee records, and onboarding into one system. This improves operational efficiency for businesses, particularly large enterprises that handle significant recruitment volumes. Integration with HRMS allows for real-time updates, making background screening an even more integral part of the hiring process.
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EMPLOYEE BACKGROUND CHECK SOFTWARE MARKET SHARE
North America dominates the market due to stringent employment regulations and widespread adoption across industries. Europe is another key region, driven by GDPR compliance and demand in finance and healthcare. The Asia-Pacific region is experiencing rapid growth due to increasing awareness of the importance of background checks, especially in countries like China and India, where digital hiring platforms are becoming more popular. The market is also expanding in the Middle East and Africa as businesses prioritize secure hiring practices.
Key Companies:
HireRightGoodHireCheckrSterlingHireologyINTELIFIGood EggPeopleG2VitayCertnGlobal HR ResearchVeritable ScreeningXrefZincPaycomADPVICTIGIntelliCorp (Cisive)SpringVerifyAsurintUniversalAssureHireVerified FirstHireSafePurchase Chapters: https://reports.valuates.com/request/chaptercost/QYRE-Auto-2A10579/Global_Employee_Background_Check_Software 
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–  Employer of Record Services market was valued at USD 128.2 Million in 2023 and is anticipated to reach USD 196 Million by 2030, witnessing a CAGR of 6.8% during the forecast period 2024-2030.
–  Employee Engagement Platform market was valued at USD 805 Million in 2023 and is anticipated to reach USD 2217.4 Million by 2030, witnessing a CAGR of 15.5% during the forecast period 2024-2030.
–  Employee Advocacy Platforms market was valued at USD 533 Million in 2023 and is anticipated to reach USD 1020.8 Million by 2030, witnessing a CAGR of 9.7% during the forecast period 2024-2030.
–  Employee Feedback Software market is projected to grow from USD 499.5 Million in 2024 to USD 1287.8 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period.
–  Employee Productivity Tracking Software market is projected to reach USD 311.8 Million in 2029, increasing from USD 219 Million in 2022, with the CAGR of 5.2% during the period of 2023 to 2029.
–  Employee Feedback Software market is projected to grow from USD 499.5 Million in 2024 to USD 1287.8 Million by 2030, at a Compound Annual Growth Rate (CAGR) of 17.1% during the forecast period.
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