The statement is incorrect. The scenario described is indicative of a Denial-of-Service (DoS) or Distributed Denial-of-Service (DDoS) attack, where multiple compromised systems are used in a botnet to flood the targeted system. An on-path attack, previously known as a man-in-the-middle attack, involves the attacker intercepting and potentially altering the communication between two parties without their knowledge. It's vital for network security professionals to distinguish between these types of attacks to effectively mitigate them.