India Reported As A Favorite Location Of Cyber-Criminals

By siliconindia | Tuesday, 26 April 2016, 05:30 Hrs

Symantec’s Internet Security Threat Report shows that enterprises in India were the sixth most targeted globally by cyber-criminals, with victim firms often being subjected to at least two attacks. While mining was the highest risk prone sector, public utilities and financial sector were most likely to be targeted again with at least half the companies recording a minimum of one attack in the last year. As per a recent research, India has gradually moved up the rankings to rank #3 in 2015 after rank #7 – 2013 and rank #5– 2014 for most number of financial Trojan infections globally. With an average of 2.5 targeted attacks per day, November was reported to be the busiest month for cybercriminals in India and across the globe.

The year 2015 also witnessed an increase in Ransomware, with 35 percent globally where the more aggressive crypto-ransomware attack encrypts all of a victim’s digital content and holds it hostage until a ransom is paid. The other big trend was malware increasing at a staggering rate with 430 million new malware variants discovered in 2015. With over half a billion records being lost in nine incidents, the year 2015 is also being called the year of the mega breach. The largest data breach ever publicly reported was also last year with 191 million records compromised in a single incident, the report said, adding that the number of companies that chose not to report the number of records lost jumped by 85 percent.