Bad actors always look for new ways to cause inconveniences with DDoS attacks, and you always need new solutions, tactics, and strategies to stop them.
DDoS stands for Distributed Denial of Service. It's a typical malicious attack that makes the targeted system unavailable. Most targets are either websites or applications, and they are rendered unusable by receiving large amounts of requests, overwhelming the system.
For a business, DDoS attacks can be costly as these interruptions can last for days or weeks if you're unprepared. You can lose thousands of dollars per hour and your customers' trust.
Any business must manage assets, whether they’re physical or digital. Asset management makes it easy for your business to keep track of assets, no matter the status.
In the simplest sense, it may look like asset management is all about counting your equipment, but there’s more to it than that. It can help you gain massive savings and improve productivity, so you must take detailed information about your asset’s value over its entire lifecycle and get the most out of it.
Here are four of the scope of all the assets you should keep track of.
- Equities (stocks)
- Fixed-income and debt (bonds)
- Money market and cash equivalents.
- Real estate and tangible assets.
To do asset management correctly, you’ll either need the help of an asset manager or new technologies to help you do it effectively. Or why not both?
Managing Your Assets With Innovative Strategies and Technologies
You can hire an asset manager or strike it out in managing assets. Asset managers specialize in different fields and offer various levels of service, and they are the following:
- Registered Investment Advisers - a firm that advises clients on securities trades or even manages their portfolios.
- Investment Broker - an individual or firm that acts as an intermediary for their clients, buying stocks and securities and providing custody over customer assets.
- Financial Advisor - A financial advisor is a professional who can recommend investments to clients or buy and sell securities on their behalf.
Alternatively, you can rely on new asset management solutions if you prefer an in-house approach, and here are three examples.
Leveraging RFID Technology- Adopting an innovative way to do asset tracking with RFID technology is a surefire way to drastically increase your productivity and efficiency. A company used Omni-ID’s RFID solution to streamline its inventory management process with maximum accuracy.
Investing in Predictive Maintenance- A data analytics solution enabling predictive maintenance brings many advantages, such as minimal downtime and cost optimizations. The case study details a business adopting FPT software to prolong its vehicle’s lifetime, process big data sets smoothly, and reduce downtime by detecting anomalies in advance.
A New Asset Replacement Strategy - An excellent strategy can ensure continuous operations even if asset replacements need to be done. Such was the case with Cremer when it hired Infor to provide an innovative approach to replace its older ERP systems without any business disruptions.
Start Managing Your Assets Effectively
Now that you have the information you need for effective asset management, you can apply it using the solutions we included as examples. If you need more, refer to our extensiveasset management case studies and pick the most suitable for your diverse business needs.
As such, you can never be complacent with those attacks. The slightest security lapse can leave your company vulnerable.
For example, there were a lot of notable victims of DDoS attacks.
- In the US, back in 2012, the victims were Bank of America, JPMorgan Chase, Wells Fargo, and other banking institutions.
- Then in Europe back in 2015, the British Broadcasting Channel Corporation (BBC) also suffered an outage due to the same attack.
- And lastly, in the US in 2016, Dyn, Inc., an internet performance management and web application security company that controls much of the internet's domain name system (DNS) infrastructure, also experienced the same attack.
Due to its commonality and ever-evolving nature, you must keep up by employing new methods to repel DDoS attacks proactively.
Keep Attackers at Bay
Preparedness: Prevention is better than cure. Being ready is the first step to protecting your business, so you'll need to research DDoS protection solutions. You have plenty of options with vendors offering comprehensive features such as cloud-based protection and artificial intelligence capabilities.
Observation: You can leave it to your Network Administrator to monitor your servers' traffic. Your team needs to set up baseline traffic to see what's normal and what isn't. Any traffic spike can tell them to act immediately and contain the situation effectively.
Deploying an Advanced Firewall: Use a web application firewall to stave off sophisticated attacks. It will allow you to detect and plug various vulnerabilities and create an easily customizable mitigation plan to block any attacks effectively.
Start Building Your Defenses Today
Start moving and protect your business from unexpected attacks. Use this information and check our case studies to find practical and immediate solutions to DDoS attacks.
You can combine these methods to develop new and sophisticated ways to detect and prevent DDoS attacks. Keep on researching and continue your efforts toward achieving effective cybersecurity measures.
