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Indian firms concerned over rising cyberattacks from China

Posted on Nov 19, 2020
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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