Report India witnesses sharp increase in cyberattacks in Q1 2023

Sharp Increase In Cyberattacks

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

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