Cyber attacks in india 2020

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HOME / NEWS India is the second-biggest target of
cyber criminals in Asia-Pacific in 2020 IBM By
VARINDIA - 2021-02-26
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India ranked second after Japan in attack by
cyber criminals in Asia-Pacific in 2020, was
stated in an IBM report released recently. "India
was the second-most attacked country in the
Asia-Pacific. Attacks on India made up 7 percent
of all attacks X-Force observed on Asia in
2020. "Finance and insurance was the top attacked
industry in India (60 percent), followed by
manufacturing and professional services," the
report said. Ransomware was the top attack type,
accounting for around 40 percent of total cyber
attacks. In addition, X-Force observed digital
currency mining and server access attacks had hit
Indian companies last year. "We also witnessed
cybercriminals using relief efforts and public
health information as spam lures, including
targeted attacks on critical components of the
vaccine supply chain. These all remain issues in
2021," Sudeep Das, Security Software Technical
Sales Leader, IBM Technology Sales,
India/South Asia, said in a statement.
National Cyber Security Coordinator Lt Gen (Dr)
Rajesh Pant, earlier in October 2020 said cyber
crimes in India caused Rs 1.25 lakh crore losses
in 2019 and cyber threats will continue to
increase as the country starts developing smart
cities and rolls out the 5G network, among other
initiatives. Further, Pant called for setting up
a dedicated industry forum for cyber security to
develop trusted indigenous solutions to check
cyber attacks.
"Last year, our official figures were Rs 1.25
lakh crore lost due to cyber crimes in India.
Ransomware attacks are increasing everyday and
these criminals have been working from home. They
have no qualms. They are heartless people. They
are attacking hospitals because they know that in
an emergency, hospitals will pay," Pant said at
an event organised by industry body FICCI.
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