Indian firms concerned over rising cyberattacks from China

Cyberattacks from China are an increasing worry for Indian companies amid a warning by experts that the rapid spread of digital technology following the outbreak of the coronavirus pandemic is leading to a rise in ransomware and phishing.

India has been the worst-hit by ransomware in the Asia Pacific region this year, with 74% companies coming under such attacks, compared to Australia (67%), Japan (52%) and Singapore (46%).

More than a third of Indian organizations have paid $1-$2.5 million as a result of malware attacks in the last year, according to the findings of a 2020 ‘global security attitude survey’ by US-based cybersecurity technology company CrowdStrike.

A majority of respondents feel most threatened by attacks originating from China (76%) followed by Pakistan (48%) and Russia (43%).

Last week, online grocer Bigbasket suffered a massive data breach in which details of more than 20 million users may have been leaked on the dark web. Data worth $40,000 ( ₹30 lakh) was sold, according to cybersecurity firm Cyble Inc.

Pharma companies Dr Reddy’s Laboratories and Lupin have faced cyberattacks too.

In June, delivery startup Dunzo experienced a data breach in which the personal details of more than 300,000 accounts were leaked.

Full article on https://nationalcybersecuritynews.today/indian-firms-concerned-over-rising-cyberattacks-from-china-deepweb-darkweb-hacker/

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