​Ahead of tomorrow's IDC CIO summit in Dubai, F5 Networks has released new survey findings highlighting UAE IT decision-makers' views on DDoS attacks.

Out of 102 respondents from companies with at least 500 employees, 55% said they had endured a DDoS attack.

13% put the estimated cost of recovery as high as US $ 30 million, 31% put the figure at US$ 20-30 million, and 34% US$10 to 20 million.

When asked what the “most disastrous” impact of a DDoS attack would be, 47% of respondents cited the impact on customers.  19% said it would be reputation damage and 14% believed it would be revenue loss.

The survey also highlighted the need for greater industry-wide awareness. Only 6% said they could “very accurately” describe the difference between a Layer 3 (network protocol) and Layer 7 (application layer) attacks. 57% said they could do so “somewhat accurately”.

F5 Networks is a Gold Sponsor and will take part in a panel discussion focusing on IT security priorities at the IDC CIO Summit 2015, which is held from 25-26 February at Atlantis The Palm, Dubai. The event is held under the patronage of H.E. Sheikh Nahayan Mabarak Al Nahayan Minister of Culture, Youth & Community Development.