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India reports 2 lakh cybersecurity incidents pertaining to government organisations in 2023: report

Economic Times

Economic Times · 8m ago

India reports 2 lakh cybersecurity incidents pertaining to government organisations in 2023: report

The Indian government reported approximately 204,844 cybersecurity incidents in 2023, representing a 6.4% increase from the previous year. The Minister of State for Electronics and IT, Jitin Prasada, stated that the government is actively addressing cybersecurity threats and has implemented measures to enhance security and prevent cyber-attacks. These policies aim to ensure an open, safe, and trusted internet for users. The government has also directed central ministries, departments, and states to appoint Chief Information Security Officers (CISOs) and established the National Critical Information Infrastructure Protection Centre (NCIIPC) to safeguard critical information infrastructure in the country.

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EPFO, PMO data breach: Centre says aware of reports, Cert-In looking into details

Economic Times

Economic Times · 1y ago

EPFO, PMO data breach: Centre says aware of reports, Cert-In looking into details

The Indian government is investigating a reported data breach that claims to have datasets from the Prime Minister's Office (PMO) and the Employees' Provident Fund Organisation. The Indian Computer Emergency Response Team (Cert-In) has been asked to verify the claims and submit a detailed report. The data breach was reported on social media, with a user claiming that leaked documents contained data from various public and private organisations, including the EPFO and the PMO. Cybersecurity experts are investigating the matter to determine the authenticity of the claims. India has seen a significant increase in cyberattacks, with state-sponsored attacks against India increasing by 278% between 2021 and September 2023.

Startup India: 1.14 Lakh Startups Have Created Over 12 Lakh Jobs So Far

Inc42 · 1y ago

Startup India: 1.14 Lakh Startups Have Created Over 12 Lakh Jobs So Far

According to a report by the Ministry of Finance, over 1.14 lakh startups recognized by the Indian government under the Startup India initiative have created more than 12 lakh jobs as of October 2023. The report also highlights that 2.1 lakh loans were disbursed under the initiative, with 84% of those loans sanctioned to women entrepreneurs. The report mentions the state-backed Open Network for Digital Commerce (ONDC), which recorded over 63 lakh transactions until November 2023. The report also mentions the challenges posed by artificial intelligence (AI) on employment.

India needs proactive government support in AI for national security: Report

YourStory

YourStory · 1m ago

India needs proactive government support in AI for national security: Report

A report by Nexgen Exhibitions underscores the necessity of proactive government support for AI in bolstering India's national security. With 86% of surveyed companies agreeing, AI is viewed as crucial for tackling challenges in electronic and information warfare. The report indicates high rates of cybersecurity incidents and financial losses due to cyberattacks, highlighting policy gaps. It advocates for public-private partnerships to innovate in defense as India lacks an AI security framework for robust defense applications.

The cybersecurity skills shortage India faces, in charts

Livemint

Livemint · 1y ago

The cybersecurity skills shortage India faces, in charts

Recent cyberattacks on the Delhi Police website ahead of the G20 summit highlight the constant threat to digital security. India has experienced an average of 1.3 million cybersecurity incidents per year between 2020 and 2022. The cost of cyberattacks globally is projected to reach $8 trillion by 2023, with an average cost of a data breach in India being $2.18 million. India has lagged in breach identification and containment, taking an average of 230 and 83 days, respectively. India also faces a significant shortage of cybersecurity skills, hindering its ability to combat cyber threats effectively.

State-sponsored cyberattacks against India up 278% in three years

Economic Times

Economic Times · 1y ago

State-sponsored cyberattacks against India up 278% in three years

According to a report by cybersecurity firm Cyfirma, state-sponsored cyber attacks against India have increased by 278% between 2021 and September 2023. Government agencies saw a rise of 460% in targeted cyber attacks, while startups and SMEs experienced a 508% increase. India is facing a higher proportion of foreign state-influenced cyber attacks compared to the global average, with 72% of cyber attacks in the country being state-sponsored. The report also revealed that services companies, manufacturing, healthcare, education, and retail were the most targeted sectors.

Only 7% of organisations in India ready for cyber threats: Cisco report

Economic Times

Economic Times · 3m ago

Only 7% of organisations in India ready for cyber threats: Cisco report

Amid rising AI-driven cybersecurity threats, only 7% of Indian organizations are prepared to confront them, as per Cisco's 2025 Cybersecurity Readiness Index. Despite a slight improvement from 4% last year, readiness remains critically low amid hyperconnectivity and AI's rise. The report reveals that while 90% of organizations faced AI-related incidents, only 66% of respondents are confident in employees' threat comprehension. Most organizations plan IT upgrades, but cybersecurity budget allocation remains low.

Security violations by employees as harmful as hacking

Economic Times

Economic Times · 1y ago

Security violations by employees as harmful as hacking

A report has highlighted that employee violations of information security policies pose a significant threat to organizations, on par with external hacker attacks. Over the past two years, a third of cyber incidents in businesses in the Asia Pacific region were caused by intentional employee violations. The report emphasizes the need for a multi-departmental approach to develop a strong cybersecurity culture within organizations to address this human-factor gap. Weak passwords, failure to change them, and visiting unsecured websites were identified as common intentional violations leading to cyber incidents.

Ransomware and BEC are seeing a huge rise — is your business ready?

Techradar

Techradar · 1y ago

Ransomware and BEC are seeing a huge rise — is your business ready?

The annual Arctic Wolf Labs Threat Report reveals a surge in ransomware attacks and Business Email Compromise (BEC) campaigns. Median ransom demands have increased by 20% to reach $600,000, with legal, government, retail, and energy sectors experiencing the highest median demands of over $1 million. The report also highlights the growing role of AI tools in facilitating these attacks. Moreover, BEC incidents have surpassed ransomware incidents by a factor of 10, although the latter remains 15 times more likely to trigger an incident response investigation. The report emphasizes the importance of patching vulnerabilities, as most incidents are caused by exploiting older flaws.

India's security landscape under attack as ransomware, malware threats spike

Economic Times

Economic Times · 1y ago

India's security landscape under attack as ransomware, malware threats spike

India experienced the highest incidence of ransomware in South Asia, accounting for 3.44% of reported incidents in H1 2023, according to a report by Trend Micro. The country ranks fourth globally in detecting online banking malware, with 8.2% of all global threats. India faced a total of 5,609 online malware threats and accounted for 5.5% of all global malware detections. Various sectors, including banking, manufacturing, and retail, reported the highest number of incidents. Spam attachments also saw a significant increase, with 3.9 million detections in June alone.

Ecommerce, gaming, financial services made up 80% of online deals in H2 2023: Report

Economic Times

Economic Times · 1y ago

Ecommerce, gaming, financial services made up 80% of online deals in H2 2023: Report

According to a report by Worldline, ecommerce, gaming, utilities, government, and financial services accounted for nearly 80% of total online transactions in the second half of 2023. The report also highlighted the dominance of Unified Payments Interface (UPI) as the most popular payment mode in India. UPI transactions grew 56% YoY, with the volume reaching 65.7 billion and the value surging 44% to Rs 99.68 lakh crore. The report also noted a significant increase in payment acceptance channels, with the number of point-of-sale terminals growing 26% to reach 8.5 million.

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