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5 Ways to Protect Your Company from DDoS Attacks

DDoS AttackAs an online business, you have the responsibility of ensuring the safety of your customers’ hard-earned money from DDoS attacks. Unfortunately, hackers are making it harder to fulfill that responsibility. Verizon’s 2017 Data Breach Investigations Report found that the e-commerce industry falls victim to cyberattacks more than any other industry. In some cases, hackers are looking to extort money from your company. In others, they’re coming at your business as a form of industrial sabotage.

One of the most common strategies used to carry out these intrusions is a distributed denial of service attack. Digital Trends reported that the frequency of DDoS attacks increased by threefold in 2016. These attacks typically take on one of three forms: protocol, volume-based, or application layer attacks. Each uses a different method to overload your network, but the results are the same: chaos.

Sizing Up the Threat

To put the threat of DDoS attacks in context, just imagine if the online component of your business were disabled for hours, minutes, or even seconds. Depending on the size of the company, this loss of service could cost as much as $250,000 per hour — maybe more.

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7 Strategic Considerations for ISV Cloud Strategy

Cloud

As more and more organizations become familiar with the cloud, they are moving towards buying software as a services (SaaS) based on actual usage. In fact, it is predicted that SaaS will become the dominant software consumption model by 2018. According to Gartner, as this occurs the steep decline in maintenance fees will translate into a total revenue loss of up to 40% for Independent Software Vendors (ISVs). This means that ISV’s priorities are shifting, leading to changes in their current operating models.

Having been in the software industry for many years, I have seen first-hand what it means to transform from a traditional license and maintenance fee model to a subscription based SaaS. Through numerous discussions with ISVs with regard to transforming their business, what I’ve found is that while there is no single right approach, there a few common themes that always arise. What follow are 7 strategic considerations to keep in mind.

1. Should I build my own cloud?

Building your own cloud means that you have to invest substantially in infrastructure and in developing new capabilities. If your business has the scale to build a cloud in a cost-efficient way, including access to the technology, budgets, and the skilled resources to maintain the infrastructure, it can definitely be an opportunity. However, if you lack the scale of a larger enterprise, building a cloud solution probably won’t provide a competitive advantage, so it’s worth outsourcing to a partner who can meet your current needs and scale with you as you grow.  Read the rest of this entry »

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