Report India witnesses sharp increase in cyberattacks in Q1 2023
According to the State of Application Security Report by Indusface, India has witnessed a significant swell in the number of cyberattacks during the first quarter of 2023. Out of a billion attacks recorded overall, over 500 million cyberattacks were successfully blocked during Q1 2023.
During the first quarter of 2023, cybersecurity establishment CheckPoint Research observed a significant rise in cyberattacks in India. The data indicated that daily attacks in the country increased by 18, surpassing the global average increase of 7. On average, India encountered around 1,248 attacks per week. With a notable 16% increase, the Asia Pacific region endured the loftiest time- on- time swell in cyberattacks, comprising around 1,835 attacks per week. This statistic highlights the growing trouble geography in the region and the need for robust cybersecurity measures to cover associations from evolving cyber pitfalls. These findings punctuate the growing need for robust cybersecurity measures to combat the raising trouble geography in the region.
Indusface’s exploration revealed that the BFSI sector in India, particularly insurance, was the primary target of cyberattacks. Among Indian insurance websites, roughly 11 educated attacks, significantly advanced than the global normal of 4. Interestingly, the nature of these attacks differed from traditional distributed denial of service( DDoS) attacks or ransomware. rather, 99 of the attacks were vulnerability- grounded, with inquiry attacks exercising botnets being the most current. This emphasizes the need for enhanced security measures to alleviate the pitfalls posed by similar targeted vulnerability attacks in the BFSI sector.
A concerning fact surfaced during the period despite uncovering over 24,000 critical, medium, and high vulnerabilities, a significant 31 of these vulnerabilities had been left unaddressed for over 6 months.
According to Ashish Tandon, CEO of Indusface, it’s apparent that bushwhackers have a lesser focus on carrying tête-à-tête Identifiable Information( PII) from sectors similar to BFSI. Still, diligence like SaaS and manufacturing are primarily targeted by DDoS attacks, conceivably due to the challenge of icing operation vacuity. Tandon also emphasized that the affordability of cipher power makes launching DDoS attacks significantly easier.
According to the CheckPoint report, cybercriminals are decreasingly employing advanced tactics in their juggernauts, including the weaponization of licit tools. One notable illustration is the application of ChatGPT, an AI model, to induce vicious law for launching cyberattacks. This trend highlights the evolving nature of cyber pitfalls and the need for robust security measures to combat them.
Encyclopedically, the education and exploration sector endured the loftiest number of attacks, with over 2,500 incidents per week. Following nearly were the government and military sectors, which encountered over 1,700 attacks. Among specific diligence, retail witnessed the most significant swell in attacks, recording a 40 increase, while healthcare observed a 22 rise. These findings emphasize the different range of sectors targeted by cybercriminals and emphasize the pressing need for enhanced cybersecurity measures across diligence.
Data perceptivity from Indusface report
- In the first three months of 2023, over 500 million attacks were successfully blocked.
- The banking and healthcare diligence endured the loftiest number of bot attacks.
- Further than 50 of the attacks targeting the banking assiduity were baffled using custom rules.
- The insurance assiduity was the primary target, facing 12 times further attacks compared to all other diligence.
- On average, the insurance assiduity encountered 995,455 attacks per point, while the normal for all diligence was 83,264 attacks per point.
Global attack trends from CheckPoint Research report
- In Q1 2023, global diurnal attacks witnessed a 7% increase compared to the same quarter last time, performing in a normal of 1,248 attacks per week for each association.
- This rise in cyberattacks highlights the growing need for robust cybersecurity measures to guard businesses from evolving pitfalls.
- In comparison to the matching period in 2022, during the first quarter of 2023, India witnessed an 18 increase in average daily attacks. Each association faced a normal of 2108 daily attacks per association, emphasizing the raising cyber trouble geography and the imperative for associations to strengthen their cybersecurity defenses.
- APAC region endured the topmost YoY swell in diurnal attacks, with an normal of 1,835 attacks per association, marking a 16 increase
- 1 out of every 31 associations worldwide endured a ransomware attack every week