India Grapples With Escalating Ransomware And Malware Threats Reveals Report | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #ransomware

India is facing a burgeoning wave of cybersecurity threats as ransomware and malware incidents surge to alarming heights in the first half of 2023. A recent report from cybersecurity software company Trend Micro revealed the country’s vulnerability to digital attacks, calling for a robust defense strategy.

In the global landscape, India ranks fourth in the detection of online banking malware, with 8.2 per cent of the world’s total threats originating within its borders. During the first half of the year, a staggering 5,609 online malware threats were identified, further underscoring the critical need for bolstered security measures.

Beyond online banking, India emerged as a significant player on the global stage in terms of malware detections, accounting for 5.5 per cent of all detected threats. Notably, the government sector finds itself under siege with 18,862 malware attacks, while the banking sector also grappled with 15,514 incidents.

These cyber threats transcend sector boundaries, with banking, manufacturing and retail industries being particularly hard-hit. The financial services sector, in particular, has borne the brunt of this digital onslaught, leading to growing concerns about the safety of financial data.

India’s cybersecurity landscape faces a severe test as notorious ransomware families, including StopCrypt, Lockbit and Blackcat, wreak havoc. In a troubling development, a new ransomware group called Mimic was discovered in January, which exploits legitimate search tools, further intensifying the challenges faced by cybersecurity professionals.

Vijendra Katiyar, Country Manager for India & SAARC at Trend Micro, underlined the urgency of the situation. He said, “India is at a crossroads in cybersecurity. As cybercriminals become more sophisticated, our digital defenses are constantly being challenged.” Katiyar emphasised the necessity for organisations to proactively anticipate threats and fortify their defenses with a unified cybersecurity platform.

Furthermore, spam attachments have spiked significantly, with June witnessing a staggering 1,242 per cent increase from the year’s start, totaling 3.9 million detections. Among these, PDF files have emerged as the most commonly used attachment type, serving as conduits for spam attacks.


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National Cyber Security