India’s Cybersecurity Under Siege: A Look at the 18% Increase in Cyber Attacks

cybersecurity

1. Overview of Report

  • Recent report by Check Point Research revealed a sharp increase in cyber attacks during the first quarter of 2023
  • Average of 1,248 cyber attacks per week, a 7% rise from the same period last year
  • India experienced an even greater surge with average weekly attacks per organization increasing by 18% year-over-year to 2,108

2. New Tactics Adopted by Cyber Criminals

  • Weaponizing legitimate tools like the fastest-ever encrypting ransomware
  • Trojanizing the 3CXDesktop app for supply chain attacks
  • Countries introducing regulations to improve incident reporting, information disclosure, and oversight

3. Education & Research Sector Hit Hardest

  • Education and research sector hit hardest by attacks
  • Retail and wholesale saw a staggering year-over-year increase of 49%

4. Government & Military Sector Most Targeted

  • Government and military sector most heavily targeted
  • 1 out of every 31 organizations worldwide experiencing a ransomware attack on a weekly basis

5. Finance & Banking Sector Increase

  • Finance and banking sector saw a significant increase of 32% from the previous year

6. APAC Region Most Affected

  • APAC region witnessed the most substantial surge in average weekly attacks per organization
  • Increase of 16%, followed by North America with nine percent year-over-year growth

7. Consequences of Cyber Attack Dangers

  • Growing recognition of cyber attack dangers and their consequences
  • Introduction of regulations to improve incident reporting, information disclosure, and oversight

8. Importance of Cyber Security

  • Need for organizations to continuously monitor security threats
  • Need for organizations to deploy advanced security measures to prevent attacks

9. Benefits of Incident Reporting

  • Benefits of incident reporting and information disclosure
  • Ability to understand the root cause of an attack and take steps to prevent future attacks

10. Increasing Awareness & Education

  • Need for increased awareness and education about cyber security threats
  • Need for organizations to provide cyber security training to their employees