Indian Cyber Security Environment

Posted on 2020-07-06 19:59:05


India ranks 3rd in terms of the highest number of internet users in the world after the USA and China, the number has grown 6-fold between 2012-2017 with a compound annual growth rate of 44%.

• India secures a spot amongst the top 10 spam-sending countries in the world alongside USA
• India was ranked among the top five countries to be affected by cybercrime, according to a 22 October report by online security firm” Symantec Corp”

CYBER ATTACKS IN INDIA:

JULY 2016
UNION BANK OF INDIA HEIST
Through a phishing email sent to an employee, hackers accessed the credentials to execute a fund transfer, swindling Union Bank of India of $171 million, Prompt action helped the bank recover almost the entire money.

May 2017
WANNACRY RANSOMWARE
The global ransomware attack took its toll in India with several thousand computers getting locked down by ransom-seeking hackers. The attack also impacted systems belonging to the Andhra Pradesh police and state utilities of West Bengal.

May 2017
DATA THEFT AT ZOMATO
The food tech company discovered that data, including names, email IDs and hashed passwords, of 17 million users was stolen by an ‘ethical’ hacker-who demanded the company must acknowledge its security vulnerabilities-and put up for sale on the Dark Web.

JUNE 2017
PETYA RANSOMWARE
The ransomware attack made its impact felt across the world, including India, where container handling functions at a terminal operated by the Danish firm AP Moller-Maersk at Mumbai’s Jawaharlal Nehru Port Trust got affected.

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