Categories
Tech

India Witnessed 37% Spike in Cyber Attacks in First Three Months of 2020: Report

Image for Representation
(Image: Reuters)

Image for Representation
(Image: Reuters)

India also ranks 11th worldwide in the number of attacks caused by servers that were hosted in the country.

  • News18.com
  • Last Updated: May 23, 2020, 4:16 PM IST

India has seen a 37 percent increase in cyberattacks in the first quarter (Q1) of 2020, as compared to the fourth quarter (Q4) of last year, a new report revealed on Saturday. The Kaspersky Security Network (KSN) report showed that its products detected and blocked 52,820,874 local cyber threats in India between January to March this year.

The data also shows that India now ranks 27th globally in the number of web-threats detected by the company in Q1 2020 as compared to when it ranked on the 32nd position globally in Q4 2019. “There has been a significant increase in the number of attacks in 2020 Q1 that may continue to rise further in Q2 as well, especially in the current scenario where we notice an increase in cybercriminal activities, especially in the Asia Pacific region,” said Saurabh Sharma, Senior Security Researcher, GReAT Asia Pacific at Kaspersky.

The number of local threats in Q1 2020 in India (52,820,874) shows how frequently users are attacked by malware spread via removable USB drives, CDs and DVDs, and other “offline” methods. Protection against such attacks not only requires an antivirus solution capable of treating infected objects but also a firewall, anti-rootkit functionality and control over removable devices.

According to the firm, the number of local threats detected in Q4 2019 was 40,700,057. India also ranks 11th worldwide in the number of attacks caused by servers that were hosted in the country, which accounts of 2,299,682 incidents in Q1 2020 as compared to 854,782 incidents detected in Q4 2019, said the report.

“We see smartphone users being targeted more due to mass consumption and increased digitalisation,” Sharma said. “Risks like data leakage, connection to unsecured wi-fi networks, phishing attacks, spyware, apps with weak encryption (also known as broken cryptography) are some of the common mobile threats that Android users face,” he added.

“In order to mitigate some of the major risks like data breaches, targeted ransomware attacks, large scale (distributed denial-of-service) DDoS attacks, etc, businesses will need to allocate their budgets correctly to build a stronger security infrastructure,” said Dipesh Kaura, General Manager for South Asia, Kaspersky.



https://pubstack.nw18.com/pubsync/fallback/api/videos/recommended?source=n18english&channels=5d95e6c378c2f2492e2148a2&categories=5d95e6d7340a9e4981b2e0fe&query=India,Witnessed,37%,Spike,in,Cyber,Attacks,in,First,Three,Months,of,2020:,Report,2020,data,breach,cyberattack,&publish_min=2020-05-23T01:28:16.000Z&publish_max=2020-05-25T01:28:16.000Z&sort_by=date-relevance&order_by=0&limit=2

Categories
Tech

Money Remains Motivating Factor for Hackers Around the World: Verizon

Image for Representation.

Image for Representation.

Verizon Business 2020 Data Breach Investigations Report found that confirmed data breaches doubled from the prior year.

  • Reuters
  • Last Updated: May 19, 2020, 12:35 PM IST

Money trumped spying as the top motivator for data breaches last year, according to Verizon’s annual report on cybercrimes published on Tuesday. About nine out of 10 breaches were financially motivated, based on an examination of more than 32,000 incidents and nearly 4,000 confirmed break-ins in 81 countries, the report said.

Verizon Business 2020 Data Breach Investigations Report found that confirmed data breaches doubled from the prior year. As the coronavirus pandemic has forced people indoors, cyber attacks on businesses are expected to climb. The report found that 86% of breaches were for money, not for purposes of spying. Credential theft, phishing and compromising business emails caused 67% of the cyber attacks.

As more businesses moved to web-based solutions, so did hackers. According to the report, breaches on web and cloud applications rose to 43%, double the previous year. Companies like Facebook Inc and Salesforce have extended working remotely to at least the rest of the year, with more businesses expected to follow suit. Verizon Business Group CEO Tami Erwin said the “digital transformation” to the work-from-home model during the coronavirus pandemic has presented a number of security red flags.

“A lot of people ended up sending workers to work from home without really thinking through what were some of the security elements in the future,” Erwin told Reuters. “I think employees working from home are probably more vulnerable to attacks,” Erwin said businesses can protect themselves from cyber attacks by keeping employees educated on phishing and other fraudulent tactics to access sensitive information.




https://pubstack.nw18.com/pubsync/fallback/api/videos/recommended?source=n18english&channels=5d95e6c378c2f2492e2148a2&categories=5d95e6d7340a9e4981b2e0fe&query=Money,Remains,Motivating,Factor,for,Hackers,Around,the,World:,Verizon,Cloud,applications,hacking,coronavirus,&publish_min=2020-05-21T06:18:15.000Z&publish_max=2020-05-23T06:18:15.000Z&sort_by=date-relevance&order_by=0&limit=2

Next Story

Categories
Tech

Indian Firms Forked Out Rs 8 Crore on Average To Fix Ransomware Attacks: Report

(Image only for representational purpose)

(Image only for representational purpose)

The report revealed that data was encrypted in 91 per cent of attacks that successfully breached an organisation in India.

  • IANS
  • Last Updated: May 19, 2020, 6:15 PM IST

Indian firms paid over Rs 8 crore ransom on average to mitigate the impact of ransomware on its operations and overall, 82 percent Indian firms were hit by ransomware in the past 12 months, a 15 percent increase from 2017, a new report said on Tuesday. Two out of three (66 percent) organisations hit by ransomware in India admitted paying the ransom. Data was encrypted in 91 percent of attacks that successfully breached an organisation in India. The average cost of addressing the impact of such an attack in India, including business downtime, lost orders, operational costs, and more, was a little over Rs 8 crore.

Delhi topped the list as 85 percent organisations in the national capital were hit by ransomware attacks in the past 12 months, followed by Bengaluru (83 percent) and Kolkata (81 percent). At fourth spot was Mumbai-based firms (81 percent), Chennai (79 percent) at sixth place and Hyderabad (74 percent) seventh, according to the “state of ransomware 2020” global survey by cybersecurity firm Sophos.

Ransomware is a form of malware that encrypts a victim’s files. The attacker then demands a ransom from the victim to restore access to the files. According to Chester Wisniewski, principal research scientist, Sophos, organizations may feel intense pressure to pay the ransom to avoid damaging downtime.

“On the face of it, paying the ransom appears to be an effective way of getting data restored, but this is illusory. Paying the ransom makes little difference to the recovery burden in terms of time and cost,” he said. This could be because it is unlikely that a single magical decryption key is all that’s needed to recover.

“Often, the attackers may share several keys and using them to restore data may be a complex and time-consuming affair,” said Wisniewski. According to the report, only 8 per cent of victims in India were able to stop the attack before their data could be encrypted, compared with a global average of 24 percent.

Nearly 29 percent of the IT managers surveyed were able to recover their data from backups without paying the ransom. Globally, the average cost of recovery is $1.4 million if organisations pay the ransom and $730,000 if they don’t. The survey polled 5,000 IT decision-makers in organisations in 26 countries across six continents. Every organization in India that paid the ransom got their data back, although this was not always the case elsewhere.

Globally, nearly 5 percent of public sector organizations paid the ransom but didn’t get their data back. In fact, 13 percent of the public sector organizations surveyed never managed to restore their encrypted data, compared to 6% overall. “An effective backup system that enables organizations to restore encrypted data without paying the attackers is business critical, but there are other important elements to consider if a company is to be truly resilient to ransomware,” informed Wisniewski.



https://pubstack.nw18.com/pubsync/fallback/api/videos/recommended?source=n18english&channels=5d95e6c378c2f2492e2148a2&categories=5d95e6d7340a9e4981b2e0fe&query=Indian,Firms,Forked,Out,Rs,8,Crore,on,Average,To,Fix,Ransomware,Attacks:,Report,anti,ransomware,tool,bengaluru,&publish_min=2020-05-20T23:39:18.000Z&publish_max=2020-05-22T23:39:18.000Z&sort_by=date-relevance&order_by=0&limit=2