India among top five targets for cyberattacks in the APAC region: Kaspersky

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With an increase in the adoption of work from home environment. Organisations are becoming more vulnerable to cyber attacks. According to CheckPoint Research, India witnessed 1,803 cyber-attacks weekly per organisation on average in 2021.

India is among the top five targets for cyber attacks in the APAC region, particularly security breaches that involve cyber espionage, according to cybersecurity and digital privacy company Kaspersky’s ‘Cyber threats to Financial Organisations in 2022’ report.

Kaspersky considers APAC region as one of the most targeted in the world for cyber attacks, for reasons including rapidly increasing usage of digital technologies matched by a proportional lack of awareness regarding cybersecurity, as well as limited resources deployed towards mitigation.

Based on its data and advanced cyber-intelligence through various reports on cybersecurity, it has found India making it to the top 5 mentions among targets for cyber attacks, with attention to cyber espionage. The kind of attacks that are expected to increase – APT (Advanced Persistent Threats) cyber attacks with the intention to collect valuable geopolitical, business and military intelligence, a Business Standard report added.

“India continues to be on the hit list of some very sophisticated cyber criminals and groups of attackers from around the world. Its bustling economy and expected growth are among the key reasons for the elevated level of threat it faces. The only correct response is ‘prevention is better than cure’ – to invest in infrastructure and capabilities aimed at improving cyber intelligence by improving prediction capabilities. At Kaspersky, this is one of our key offerings to our clients. India has recently taken strong steps towards enhanced cyber threat vigilance and this is commendable,” said Dipesh Kaura, General Manager, Kaspersky (South Asia).

The other countries on the top 5 list include China and Pakistan. India is in the middle of the hottest cyber conflict zones in the APAC region. Kaspersky’s findings also identify Singapore as among the major hotspots for cyberattacks. This should lead Indian businesses, which have close tie-ups with entities as well as presence in Singapore, to sit up and take notice. Singapore is expected to witness data breaches and those affecting cryptocurrency and the newly established NFT industry.

“Proactive, concerted action against cyber-attacks can help to stem the damage that cyber-attacks intend to cause. It is the need of the hour for all data-driven business and institutional processes,” said Saurabh Sharma, Sr. Security Researcher (GReAT), Kaspersky (APAC).

The report further added that the APAC region has seen a sharp rise in cyberthreats and cyberattacks in recent years. The widespread adoption of digital technologies notwithstanding, awareness levels and security infrastructure remain low, helping such attackers to get away without so much as being identified for the crimes committed. The only answer to this is constantly upgrading cybersecurity infrastructure and up skilling of personnel authorised to bring cybercriminals to book.

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