India worst hit by ransomware in Asia-Pacific

India worst hit by ransomware in Asia-Pacific

The Global Survey of Cyber ​​Security Attitudes 2020 found that India Inc is particularly at risk of cyber attacks from China and Pakistan due to rising geopolitical tensions. In fact, India has been hit the hardest by ransomware in the Asia-Pacific region this year, with 74% of businesses experiencing such attacks, against Australia (67%), Japan (52%). ) and Singapore (46%). According to the global survey conducted by CrowdStrike, a US-based cybersecurity technology company, more than a third of Indian companies have paid hackers between $1 million and $2,5 million in ransom last year. . Ransomware, general malware, phishing and password attacks were the top concerns for Indian companies, with 90% threatened by cybercrime and 77% affected by hacktivists, followed by insider threats and threats. threats from nation states.

Nation-state attacks are of great concern

Worryingly, more than half of the companies surveyed believe that nation state attacks are the top concern for them in the coming year. Respondents also felt most threatened by attacks from China (76%), followed by Pakistan (48%) and Russia (43%). "As rising international tensions and a global election year have created nesting grounds for increased nation-state activity, organizations are under increased pressure to resume operations despite rising intellectual property values. and vulnerabilities caused by Covid-19," the research indicates. Overall, 89% are concerned that rising international tensions (for example, the US-China trade war) could lead to a dramatic increase in threats cybernetics to organizations.

Survey and its methodology

The study interviewed 2200 senior IT decision makers and security professionals in August and September 2020 in Australia, France, Germany, India, Italy, Japan, the Middle East, the Netherlands, Singapore, Spain, the UK and the US. US, drawing respondents from a wide range of industries. All respondents were from organizations with 250 or more employees and represented public and private sector organizations. “This has been a particularly difficult year for organizations of all sizes around the world, with the proliferation of ransomware and rising tensions from nation state actors posing a massive threat to regions around the world,” said Michael. Sentonas, CTO of CrowdStrike. He added: “Today more than ever, enterprises are finding ways to rapidly transition to a digital transformation to move their security to the cloud to keep up with modern threats and secure their 'anywhere' operations. . Recently in India, famous online shopkeeper BigBasket allegedly suffered a data breach and various details of around 20 million users may have been leaked to the dark web. €40,000 worth of data was reportedly leaked. Companies like Cyberattacks have all been reported by Truecaller, Dunzo, Unacademy, Naukri.com, Bharat Earth Movers Limited (BEML), LimeRoad and IndiaBulls.The hack was also reported on Paytm Mall, Paytm's e-commerce wing.John Wick, the hacker group hackers allegedly behind the breach, also helped hack into the Twitter account linked to Indian Prime Minister Narendra Modi's personal website and a mobile app.Source: CrowdStrike