HOD HASHARON, Israel,
June 12, 2018 /PRNewswire/
-- Allot Communications Ltd. (NASDAQ: ALLT) (TASE: ALLT),
a global provider of leading innovative network intelligence and
security solutions for service providers worldwide, released
findings from its Telco Security Trends Report, revealing a dynamic
and automated threat landscape in which consumers lack the security
expertise to effectively protect themselves. Mobile and Internet of
Things (IoT) continue to be primary attack vectors, contributing to
a spike in cryptojacking, adware, and distributed denial of service
(DDoS) attacks.
The Telco Security Trends Report is based on anonymous data
gathered from four communications service providers (CSPs) across
Europe and Israel, who between them, protect seven
million customers. It found that during the period from
November 2017 to February 2018, nearly two billion mobile security
threats were blocked – an average of two each day per mobile
device. Of those security protections:
- Almost one billion were triggered by cryptomining malware, the
leading security threat, corresponding to the rise in
cryptocurrency valuation in late 2017/early 2018
- Over one hundred million threats were triggered by adware
only
- Forty thousand threats were triggered by direct attacks in the
form of ransomware and banking trojans
The escalating IoT Threat Landscape?
As part of this study, Allot set up honeypots simulating
consumer IoT devices and exposed them to the Internet. Results
showed immediate successful attacks, peaking at a rate of over one
thousand per hour, with findings revealing that a device can get
infected within 42.5 seconds of being connected to the Internet.
There was also an increase of unique IP addresses attacking the
honeypots over time, from 44 per day to a peak of 155 per day in
less than a month of exposure.
Connected devices are forecast to grow to almost 31 billion
worldwide by 2020. To help combat rising threats across this
expanding mobile and IoT attack surface, the Telco Security Trends
Report found that CSPs are best positioned to deliver a unified,
multilayer security service delivered at the network level to the
mass market. By merging value-add network-based security with
built-in customer engagement capabilities, CSPs can simultaneously
achieve rapid customer acquisition and high adoption rates of 40
percent, while generating incremental revenue.
"Cybercrime has become rampant across the growing mobile and IoT
attack surface due to the financial motivation it provides" said
Ronen Priel, VP Product Management
at Allot. "CSPs can differentiate themselves from the competition
by offering value-added security services to subscribers who are
constantly under attack, while generating incremental revenue. It's
a win-win for both the CSP and subscriber."
Read the full Telco Security Trends Report on how CSPs can help
deliver value-added security to the mass market while generating
significant revenue: [LINK]
About Allot
Allot Communications Ltd. (NASDAQ, TASE: ALLT) is a provider of
leading innovative network intelligence and security solutions for
service providers worldwide, enhancing value to their customers.
Our solutions are deployed globally for network and application
analytics, traffic control and shaping, network-based security
services, and more. Allot's multi-service platforms are deployed by
over 500 mobile, fixed and cloud service providers and over 1000
enterprises. Our industry leading network-based security as a
service solution has achieved over 50% penetration with some
service providers and is already used by over 18 million
subscribers in Europe. Allot. See.
Control. Secure. For more information, visit www.allot.com.
Safe Harbor Statement
This release contains forward-looking statements, which express
the current beliefs and expectations of Company management. Such
statements involve a number of known and unknown risks and
uncertainties that could cause our future results, performance or
achievements to differ significantly from the results, performance
or achievements set forth in such forward-looking statements.
Important factors that could cause or contribute to such
differences include risks relating to: our ability to compete
successfully with other companies offering competing technologies;
the loss of one or more significant customers; consolidation of,
and strategic alliances by, our competitors, government regulation;
the timing of completion of key project milestones which impact the
timing of our revenue recognition; lower demand for key value-added
services; our ability to keep pace with advances in technology and
to add new features and value-added services; managing lengthy
sales cycles; operational risks associated with large projects; our
dependence on third party channel partners for a material portion
of our revenues; and other factors discussed under the heading
"Risk Factors" in the Company's annual report on Form 20-F filed
with the Securities and Exchange Commission. Forward-looking
statements in this release are made pursuant to the safe harbor
provisions contained in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements are made only as of
the date hereof, and the company undertakes no obligation to update
or revise the forward-looking statements, whether as a result of
new information, future events or otherwise.
Contacts
Allot
Vered Zur
VP Marketing
+972-9-761-9241
vzur@allot.com
Red Lorry Yellow Lorry for Allot
US – Justin
Ordman
+1-857- 217- 2886
UK – Emma Davies
+44 (0)20 7403 8878
allot@rlyl.com
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SOURCE Allot Communications Ltd.