Cyber Threat Report of 2019: 69% of Firms Face Serious Cyber-Attacks in India!
Do you know that India has been ranked 2nd amongst the countries affected by cyber-attacks between 2016-2018? According to a source, there was a 22% rise in cyber-attack in India on IoT deployments. India has faced the most number of attacks in the IoT department this year. In fact, India has been consecutively facing cyber-attacks, the second time in the row!
In a recent study, it was revealed that out of 15 Indian cities, Mumbai, New Delhi, and Bengaluru have faced the maximum number of cyber-attacks. In the Annual Cyber Security Report by CISCO, 53% of cyber-attacks caused more than $500K of financial loss to organizations in 2018.
India has faced a rise of 7.9% in data breaches since 2017. Also, the average cost per data breach record is mounting to INR 4,552 ($64). Cyber-attacks in India have risen up to such an extent that our country ranks fourth out of the top 10 targeted countries in the world. In a report by India Today, Chennai experienced the highest percentile of cyber-attacks with a stat of 48% in the first quarter of 2019.
No survey or warning has brought any change in the cyber security policies of companies across the nation. In spite of witnessing several cyber-attack in India, people are still not aware of lucrative cyber-security solutions to prevent their organization from any other attack. Here are some recent series of cyber-attacks that massively brought loss to in renowned companies in India.
Recent cyber-attacks in India
Cyber-criminals have adapted advanced cyber-attack techniques for their targeted end-users. Various business sectors and geographical locations have faced recent cyber-attack in India.
1. Cosmos Bank Cyber-Attack in Pune
A recent cyber-attack in India 2018 was deployed on Cosmos Bank in Pune. This daring attack shook the whole banking sector of India when hackers siphoned off Rs.94.42 crore from Cosmos Cooperative Bank Ltd. in Pune. Hackers hacked into the bank’s ATM server and took details of many visas and rupee debit cardholders. Money was wiped off while hacker gangs from around 28 countries immediately withdrew the amount as soon as they were informed.
2. ATM System Hacked
Around mid-2018, Canara bank ATM servers were targeted in a cyber-attack. Almost 20 lakh rupees were wiped off from various bank accounts. Count of 50 victims was estimated and according to the sources, cyber attackers held ATM details of more than 300 users. Hackers used skimming devices to steal information of debit cardholders. Transactions made from stolen details amounted from Rs.10,000 to the maximum amount of Rs.40,000.
3. UIDAI Aadhaar Software Hacked
2018 started with a massive data breach of personal records of 1.1 Billion Indian Aadhaar cardholders. UIDAI revealed that around 210 Indian Government websites had leaked Aadhaar details of people online. Data leaked included Aadhaar, PAN and mobile numbers, bank account numbers, IFSC codes and mostly every personal information of all individual cardholders. If it wasn’t enough shocking, anonymous sellers were selling Aadhaar information of any person for Rs.500 over Whatsapp. Also, one could get any person’s Aadhaar car printout by paying an extra amount of Rs.300.
4. Hack Attack on Indian Healthcare Websites
Indian-based healthcare websites became a victim of cyber-attack recently in 2019. As stated by US-based cyber-security firms, hackers broke in and invaded a leading India-based healthcare website. The hacker stole 68 lakh records of patients as well as doctors.
5. SIM Swap Scam
Two hackers from Navi Mumbai were arrested for transferring 4 crore rupees from numerous bank accounts in August 2018. The illegally transferred money from bank accounts of many individuals. By fraudulently gaining SIM card information, both attackers blocked individuals’ SIM cards and by the help of fake document posts, they carried out transactions via online banking. They also tried to hack accounts of various targeted companies.
Aforesaid stats and events of the latest cyber-attacks in India is a wake-up call for all those individuals and companies who are still vulnerable to cyber threats. There is a popular phrase “Prevention is better than cure”, and it is high time to implement it in real life. Investing in cyber-security solutions to prevent future cyber risks is nothing but a smart move!
There are several leading companies in India that offer variable cyber security solutions and tools. Kratikal is one of the top-leading companies in India, which provides world-class cyber security tools and services.
Developed and designed with a futuristic approach concerning cyber security of individuals and organizations, Kratikal offers the following products and tools:
- ThreatCop: About 90% of cyber-attacks happen because of employee negligence and around 30k websites are hacked on a daily basis. ThreatCop, is a security threat simulation and security awareness tool which assess the real-time threat posture of an organization and reduces 90% of cyber risks
- Threat Alert Button: According to the Economic Times, 96% of data breaches successfully take place through emails. TAB is an incident response tool that helps the organization to proactively detect and actively mitigate email threats by allowing users to report suspicious-looking emails.
- KDMARC: KDMARC is a SaaS based tool that allows internet enabled companies to seamlessly configure their SPF, DKIM and DMARC records for all their legitimate email services and domains. This significantly increases the email deliverability rates and terminates email spoofing based attacks with measurable results.
- KPMonitor: KPMonitor is anti-phishing monitoring take-down tool that performs live tracking on spoofing of organizations’ website, mobile application and domain on the internet.