A new report highlights downtime due to a successful application DDoS attack costs organizations an average of $6,130 per minute. 

Radware recently released its new report, Application Security in a MultiCloud World 2023. The survey, which was conducted with Osterman Research, reveals the escalation of threats against web applications and increased security concerns about hybrid cloud infrastructures and API usage. At the same time, organizations struggle with low levels of security preparedness.  

Other key report highlights 

The report reveals a surge in the frequency of bot, application, API and DDoS attacks against applications over the past 12 months. During the past year, application attacks have become the most frequently occurring attack on a daily basis, jumping from 4% in 2022 to 23% in 2023.  

• 46% experience web application attacks daily or weekly. 
• 31% of organizations face DDoS attacks weekly. 
• Downtime due to a successful application DDoS attack costs organizations an average of $6,130 per minute.