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Cybersecurity Under Siege: Cyprus Confronts Unprecedented DDoS Threats

Escalating Global Threats

Cybersecurity challenges are intensifying on the international stage as Distributed Denial of Service (DDoS) attacks surge, placing renewed pressure on critical digital infrastructure. A recent report from Qrator Labs indicates that the volume of application-layer DDoS attacks increased by 74 percent globally during the second quarter of 2025 compared to the same period in 2024. These sophisticated attacks mimic legitimate user requests to infiltrate web applications, making mitigation notably complex.

Implications For Cyprus

The escalating global threat comes at a time when Cyprus faces its own cybersecurity challenges. Recent alerts from groups such as the “Tunisian Maskers Cyber Force” have underscored the vulnerability of critical national infrastructure, suggesting that geopolitical or ideological motives may be at play. Historical incidents—including cyberattacks targeting the University of Cyprus, the Land Registry, and the Open University of Cyprus in early 2023—highlight the potential for significant operational and data disruptions.

Government Response And Strategic Investments

In response to these rising threats, the Cypriot government has recently allocated €8.5 million to enhance national digital defenses. Deputy Minister of Research Nicodemos Damianou has acknowledged that while considerable progress has been made, government entities still operate with fragmented security systems. Notable improvements include cyber defence updates for eleven critical infrastructures following the October 2024 attacks, and the strategic relocation of government servers after the 2023 flooding incident at the finance ministry.

The Rise Of Mega Botnets

Further compounding the threat landscape, Qrator Labs has identified what is being described as the largest-ever DDoS botnet, which now comprises 4.6 million infected devices—a scale nearly 20 times larger than observed in 2024. Andrey Leskin, Chief Technology Officer at Qrator Labs, warns that the sheer volume of malicious requests generated by such botnets can cripple online services, causing severe economic disruptions. He noted that many current DDoS protection solutions may be inadequate to counter an assault of this magnitude.

Preparing For Future Cyber Threats

To mitigate these escalating risks, industry experts advise organisations to refine their incident response strategies, invest in state-of-the-art DDoS mitigation solutions, and frequently test infrastructure resilience against cyber stress. As the digital landscape continues to evolve, proactive and coordinated defenses will be crucial in safeguarding both public and private sectors from the growing tide of cyber threats.

Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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