Tag Archive for: india

Deepfakes, Ransomware Identified As Imminent Threats For 2024 In India: Report

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(MENAFN– IANS) New Delhi, March 22 (IANS) Artificial Intelligence (AI)-generated deepfakes, multi-factor authentication (MFA) fatigue attacks, and complex ransomware incidents are identified as imminent threats for 2024 in India that require urgent attention, a new report said on Friday.

Looking ahead to 2024, Seqrite, the enterprise arm of global cybersecurity solutions provider Quick Heal, anticipated emerging challenges that demand vigilance and strategic preparedness.

“With the rise of AI-powered threats like BlackMamba and the prevalence of Living off the Land attacks, Chief Information Security Officers (CISOs) must adopt advanced evasion techniques and heightened defences to combat evolving threats effectively,” the experts said.

According to the report, the upcoming 2024 elections are poised to attract phishing attacks exploiting political interests, while supply chain vulnerabilities underscore the need for collaborative cybersecurity efforts between the public and private sectors.

Moreover, the report emphasised the importance of implementing resilient strategies to mitigate ransomware threats through practices such as regular data backups, network segmentation, and prompt isolation of affected systems.

“CISOs are encouraged to maintain vigilance regarding evolving cyber regulations and compliance standards, aligning security policies accordingly to ensure continual compliance and resilience,” the experts stated.

Further, the report highlighted the significance of embracing emerging technologies like AI, quantum computing, and IoT (Internet of Things), while remaining cognizant of the associated cybersecurity risks.

It also underscored the importance of fostering collaborative relationships among CISOs and security professionals to collectively enhance organisations’ cybersecurity posture and response capabilities.

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India Braces Against Phishing, Ransomware Surge and Alert Fatigue, Urging Swift Adoption of AI, and Automation for Security Operations

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Fortinet®, the global cybersecurity leader driving the convergence of networking and security, has revealed the outcomes of a new survey conducted by IDC on the state of Security Operations (SecOps) in the Asia-Pacific region. The survey, commissioned by Fortinet, provides valuable insights into the current SecOps landscape, emphasizing the role of Artificial Intelligence (AI) and automation. It explores various aspects, including prevalent security practices, attack frequency and impact, detection and response times, alert fatigue, the status, and impact of automation in SecOps workflows, and challenges related to skill development within the SecOps domain. Key findings from India include:

 

Current Security Challenges: Threats and Team Readiness

 

  • Most Common Cyber Threats: Phishing and Insider threats are the most predominant cyber threat in India, with Approximately 50% of organizations ranking them as their top concerns. The top five threats include phishing, insider threats, ransomware, unpatched vulnerabilities, and identity theft.

 

  • Ransomware Surge: Ransomware incidents have doubled across India, with 70% of organizations reporting at least a 2X increase in 2023, compared to 2022. Phishing and malware are the primary attack vectors. Other significant vectors include social engineering attacks, insider threats, and zero-day exploits.

 

  • Insider Threats and Remote Work: 88% of the respondents feel that Remote work has led to an increase in insider threat incidents. Insufficient training, lack of employee care, and inadequate communication contribute to this surge, emphasizing the need to address human factors in cybersecurity.

 

  • Resourcing IT Security Teams: Only 44% of businesses have dedicated IT resources for security teams. This augments the challenges faced by organizations in strengthening their security measures.

 

  • Impact of Emerging Technologies: Hybrid work, AI, and IT/OT system convergence pose significant challenges. Cloud technology adoption emerges as a primary challenge, impacting organizational vulnerability to cyber threats.

 

SecOps SOS: Struggles with Alert Fatigue and Threat Containment

 

  • Threat Containment and Preparedness: Approximately one out of three…

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Web Threats in India: Hacking Incidents and Cyberattacks in 2023 |

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With hacking incidents registering an increase in 2023, nearly two in five (33%) web users in India faced a form of Internet-born cyberattack in 2023, a new report said, highlighting two prominent ways that hackers users to target Indians online.
According to the global cybersecurity company Kaspersky, a total of 62,574,546 Internet-borne cyber threats were detected and blocked in the country.
“With the world moving towards AI and other next-gen technologies, we expect the fraud and scamming scenarios to get more intricate and challenging to detect. Thus, we urge Indian users to install security solutions on their devices to protect themselves from these web attacks,” said Jaydeep Singh, General Manager for South Asia at Kaspersky.
Two ways used by hackers to target Indians
The report by Kaspersky highlighted two most prominent ways that cyber criminals used to undertake cyberattacks. These are: exploiting bugs in browsers and social engineering methods.
Vulnerabilities in browsers: Cybercriminals often exploit the vulnerabilities in browsers and their plugins to attack users’ systems. Users are typically attacked when they visit an infected website and the attack happens without the user’s awareness or action, and may result in the download of harmful malware.
Social engineering: Another popular web threat in India is ‘social engineering’ wherein the users are manipulated by the cybercriminals to download a malicious file and then they take control of the system.
Cybercriminals often trick their victims into thinking they are downloading a legitimate application or programme, and then once the user downloads the programme, they control the victim’s device and use it for malicious purposes.
“Since many threat actors nowadays conceal malicious code to bypass static analysis and emulation, advanced technologies such as proactive Machine Language-based methods and behaviour analysis are used to fight this type of threat,” Singh added.

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Ransomware attacks cause concern, experts suggest precautions | India News

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Dark web criminals extorting millions from companies with sophisticated online attacks, experts urge cyber hygiene and stronger defenses.

The threat is for real. The dark web targets companies, organisations and individuals on the internet. Money is extorted by resorting to threats. How big is the problem? What are companies doing to handle this threat? And how are problems being solved?
Prasad Patibandla, Director, Research and Operations at Centre for Research on Cyber Intelligence and Digital Forensics explains how companies and organisations are targeted and what precautions are to be taken.

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