India Experiences a three-fold increase in Cybercrime Incidents in first half of 2021
The year 2020 saw a three-fold increase in the number of cybercrime cases in India, in comparison to 2019. But what’s more shocking is the fact that this situation has become more alarming this year.
Ransomware exploits and supply chain attacks have dominated the cyber trend throughout the early 2021. India, which reported nearly 1.6 million cases of cybersecurity in 2020, observed over 6.07 lakh cyber security incidents in the first six months of 2021. Nearly 12,000 incidents this year targeted the government organisations, as revealed by Indian Computer Emergency Response Team (CERT-In).
The shift in work mode amid the COVID pandemic is considered one of the major reasons. Upon tracing back the IP addresses of the computers that launched the attack, CERT-In revealed that the attacks originated from countries all around the world.
Speaking about the persistent attacks on the Indian cyberspace, the Minister of State for Electronics and IT Rajeev Chandrasekhar said, “It has been observed that attackers are compromising computer systems located in different parts of the world and use masquerading techniques and hidden servers to hide the identity of actual systems from which the attacks are being launched.”
Back in 2019, the Maharashtra Police department created an anti-phishing portal in view of the growing chain of cyberattacks. The portal designed to detect and act on cybercrimes as soon as possible through focused coordination saw a four-fold rise in cyber complaints in 2020. The cases varied from banking and financial defrauding, to phishing fraudsters impersonating as government officials etc.
Since India is a country of booming startups and powerhouses, it has become one of the biggest targets of cyberattacks in the Asian continent. Despite the continued data breaches, the Indian firms have failed to find a proper solution to it. Starting with the reporting of a breach incident, to execution of clear regulatory frameworks and policies, India lacks all of it. Hence, breaches have grown many folds in the country.
Saurabh Sharma, Senior Security Researcher, GReAT, Kaspersky (APAC) stated that due to the internal vulnerabilities, data leak incidents have become common in India. It is the involvement of nation states in attacks against global governments and large organisations have allowed the federal agencies to take a stand on cybercrime.