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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.

Related News

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.

India strategic market for company's growth: Rubrik

Economic Times

Economic Times · 1y ago

India strategic market for company's growth: Rubrik

Rubrik, a cybersecurity company, sees India as a crucial market for growth in the next few years. The company aims to protect critical national data from state-sponsored actors and insider threats. Rubrik is working closely with the Indian government to create a cybersecurity framework. Data breaches in India have reached an all-time high, with compromised or stolen credentials being the most prevalent cyberattacks. Rubrik is heavily invested in India and works towards strengthening data hosting and protection. The company recently listed its stocks on Nasdaq and has over 6,000 customers globally.

Cyberattacks pose potentially crippling consequences for national stability: Amitabh Kant

Economic Times

Economic Times · 4m ago

Cyberattacks pose potentially crippling consequences for national stability: Amitabh Kant

India's transition to smart meters and a digital grid elevates cyberattack risks with severe national stability consequences, says G20 Sherpa Amitabh Kant. Cyberattacks, particularly state-sponsored ones, rose 300% from 2021 to 2024. Banking, financial services, and insurance sectors face sophisticated cyber threats with breaches costing India $2.8 million on average. Coordination among sectors like defense and industry is crucial. Hackers employ ransomware and banking trojans, demanding robust cybersecurity frameworks akin to those in the US and EU.

Cyberattacks are getting faster, more common and more successful, even though detection is more advanced than ever — new report signals the threats to businesses, supply chains, and democracy

Techradar

Techradar · 1y ago

Cyberattacks are getting faster, more common and more successful, even though detection is more advanced than ever — new report signals the threats to businesses, supply chains, and democracy

A new report from CrowdStrike reveals that cyberattacks are becoming faster, with an average breakout time of 62 minutes compared to 84 minutes in 2023. Additionally, there has been a significant increase in the number of threat actors, with 34 new actors joining the scene. The report also highlights the growing use of AI in cyberattacks, as well as the increasing targeting of cloud-based systems. CrowdStrike warns of the risk to democracy as state-sponsored adversaries may seek to influence upcoming elections. To combat these threats, organizations should adopt a platform-approach to security.

Cyberattacks on healthcare sector rising, 60% of organisations hit in a year: report

Economic Times

Economic Times · 1y ago

Cyberattacks on healthcare sector rising, 60% of organisations hit in a year: report

Cyberattacks on the healthcare sector in India are increasing, with nearly 60% of organizations being hit in the past year, according to a study by Sophos. The study also revealed that cybercriminals successfully encrypted data in 75% of ransomware attacks, the highest rate in three years. However, only 24% of healthcare organizations were able to disrupt a ransomware attack before their data was encrypted. The report highlighted that the healthcare sector in India is losing ground against cyber attackers and is becoming less effective at detecting and stopping attacks.

Australia says cybercrime surging, state-sponsored groups targeting critical infrastructure

Economic Times

Economic Times · 1y ago

Australia says cybercrime surging, state-sponsored groups targeting critical infrastructure

According to a government report, cybercrime attacks targeting Australia's critical infrastructure, businesses, and homes have increased. The Australian Cyber Security Centre reported a 23% surge in cybercrime incidents, estimating that there is a hack on Australian assets every six minutes. State-sponsored cyber groups are showing a growing interest in Australia's critical infrastructure, partly due to the country's new defence agreement with the UK and the US. The report also mentioned the potential use of techniques by a state-sponsored Chinese hacking group against Australia's telecommunications, energy, and transportation sectors.

US, Japan authorities warn of China-linked hacking group BlackTech

Economic Times

Economic Times · 1y ago

US, Japan authorities warn of China-linked hacking group BlackTech

The US National Security Agency, Federal Bureau of Investigation, and Japanese police have issued a joint advisory warning multinational companies about the China-linked hacker group BlackTech. The advisory urges firms to review their internet routers to minimize the risk of potential attacks. BlackTech has been engaging in cyberattacks on governments and tech sector companies since around 2010, and they have demonstrated capabilities in modifying router firmware and exploiting domain-trust relationships. This advisory follows previous warnings from other countries regarding China's state-sponsored cyber actors.

How AI, GenAI malware is redefining cyber threats, strengthening tools of crime

Livemint

Livemint · 8m ago

How AI, GenAI malware is redefining cyber threats, strengthening tools of crime

A joint report by the Data Security Council of India (DSCI) and Quick Heal Technologies reveals that India has faced around 370 million security incidents across more than 8 million endpoints so far in 2024. The report highlights that trojans accounted for 43.38% of the malware detections, followed by infectors at 34.23%. The integration of artificial intelligence (AI) and generative AI (GenAI) in cyberattacks is also increasing, posing a significant risk to endpoints and enabling more sophisticated attacks. The report predicts rising threats such as ransomware targeting supply chains and critical infrastructure, tampering of hardware supply chains and IoT devices, and state-sponsored attacks on public utilities and critical systems driven by geopolitical tensions.

Microsoft is now letting all federal agencies check their activity logs for free

Techradar

Techradar · 1y ago

Microsoft is now letting all federal agencies check their activity logs for free

Microsoft is strengthening its free logging features in certain products to assist US government agencies in defending against foreign state-sponsored threats. This update comes in the wake of a cyberattack last year, which was attributed to a Chinese state-sponsored actor known as Storm-0558. Despite China denying any involvement, Microsoft has expanded its Pureview Audit logging features to all US federal agencies, allowing them to better analyze and detect cyber-espionage attempts. The upgrade will be granted to all agencies, regardless of their licensing tier. The move aims to enhance cybersecurity measures and protect sensitive government information.

Microsoft says Russian hackers stole source code after spying on its executives

The Verge

The Verge · 1y ago

Microsoft says Russian hackers stole source code after spying on its executives

Microsoft has disclosed that the Russian state-sponsored hacking group behind the SolarWinds attack has stolen some of its source code. The group, known as Nobelium or "Midnight Blizzard," initially gained access to Microsoft's systems through a password spray attack last year. While Microsoft has found no evidence of compromising customer-facing systems, it is warning that the hackers are attempting to use the stolen information to breach the software giant and potentially its customers. The attack comes after Microsoft announced plans to enhance its software security following previous cyberattacks on its systems.

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