Page 3 - Cyber Threat

India ranks third globally for phishing attacks after US, UK: Report

India ranked as the third-largest country globally for phishing attacks after the US and UK, with its technology sector facing nearly 33 per cent of all such strikes, marking it as the most targeted industry, according to a report. The report by cybersecurity firm Zscaler showed a 60 per cent rise in global phishing attacks over the past year. The ThreatLabz 2024 Phishing Report gathered insights from 2 billion blocked phishing transactions between January and December 2023. "In 2023, India ranked as the third-largest country globally for phishing attacks, following behind the US and UK. The technology industry in India faced nearly 33 per cent of all phishing attacks, marking it as the most targeted sector among industries," the report said. The finance and insurance sector has become the prime target for cyber attackers and witnessed the highest number of phishing attempts in 2023, it added. "The finance and insurance sector experienced both the highest number of phishing attemp

Bank OTP frauds on the rise: Here's what govt is doing to tackle it

The govt is currently testing a system that will allow banks to securely track a customer's registered address and geolocation to ensure the secure delivery of OTPs

Chinese-owned Dutch chipmaker Nexperia Holding hit with cyberattack

The company was last year subject to an investigation by the Dutch government related to its acquisition of chip firm Nowi Energy BV as the state increased its scrutiny of Chinese tech investments

Apple warns users in India, 91 other nations of 'mercenary spyware' attack

The threat notification by Apple said that it had detected that users were 'being targeted by a mercenary spyware attack that is trying to remotely compromise the iPhone'

Only 4% of firms in India have 'maturity' to tackle cyber threats: Cisco

82% of respondents said a cybersecurity incident is likely to disrupt their business in the next 12 to 24 months

Only 4% of companies in India 'mature' to tackle cyber threats: Study

71% plan to upgrade their IT infrastructure in one to two years, says Cisco's 2024 Cybersecurity Readiness Index

Datadog forecasts revenue results below market estimates on weak adoption

Growing competition in the sector from bigger rivals such as SentinelOne and CrowdStrike is also weighing in on smaller players like Datadog

Need to train more officials to prevent, detect cyber crimes: Mumbai Police

Mumbai Police Commissioner Vivek Phansalkar on Wednesday said there was an urgent need to train as many police officials as possible to investigate and prevent cyber crimes. He was speaking at a training workshop organised for Mumbai Police's 'Cyber Commandos'. On the occasion, the police introduced 'Cyber Commandos' trained for prevention and detection of cases related to cyber crime and also unveiled a poster of helpline 1930. Addressing the officials who underwent training, Phansalkar in the last two years, there has been an increase in cyber frauds and cases of sextortion, identity theft, phishing and cheating. Such cases lead to both financial and reputational damage, he said. Considering the threat of crime in the cyber space, every head constable working at a police station has to be computer and digital literate, said the senior IPS officer. "In the next phase, the Mumbai Police will train station house officers and other policemen on cyber crime investigation," he said.

Cyber inequity, AI key risks in 2024, says World Economic Forum study

AI advances pose more serious risk on elections that will be held this year across the world

Telecom department blocks more than 1,500 numbers linked to cyber threats

The Department of Telecommunications (DoT) blocked international and local phone numbers associated with cybercrimes and threats, aiming to curb misuse of telecom resources

TMS Ep603: Antimicrobial resistance, leopards, Q3 results, cyber kidnapping

How can India stop popping antibiotics? What is driving leopards to cities? Will IT earnings remain disappointing in Q3? What is cyber kidnapping? All answers here

To cut a web of frauds, India needs to strengthen security systems

Job scams, Ponzi schemes, blackmail are increasing: Here is what can be done to protect people

Over Rs 10,300 cr siphoned off by cybercriminals since April 2021: I4C

Over Rs 10,300 crore were siphoned off from the country by cybercriminals since April 1, 2021, of which agencies managed to successfully block around Rs 1,127 crore in the country, Indian Cyber Crime Coordination Centre (I4C) said Wednesday. In a media interaction, I4C CEO Rajesh Kumar said that more than 5,000 complaints of cyber crime are being reported on the National Cybercrime Reporting Portal (NCRP) of which 40-50 per cent are based on frauds committed by gangs operating from China and "pockets of Cambodia and Myanmar". He said he did not mean "nation-State" are running the scams but "gangs" operating from these countries are behind the cyber crimes. "We have pockets of Cambodia and Myanmar. We are seeing Chinese apps. Who is denying?" Kumar said in response to a question. He said aggrieved persons can approach 1930 call centre to register their complaints and banks can block the money if call is made within and hour of the fraud. Around 263 banks and financial institutions ..

China shuts down 34,000 online accounts to stem rumours, ensure stability

In a bid to ensure sustained social stability, security officials across China have shut down 34,000 online accounts for spreading rumours and punished more than 6,300 people since the start of a crackdown campaign in April. Over 4,800 cases have been handled, with more than 6,300 people punished, Li Tong, an official with the Ministry of Public Security said. Officials across the country have shut down 34,000 online accounts for spreading rumours, Li said. To ensure social stability, the ministry has decided to carry out a yearlong crackdown on online rumours spanning 2024, Li told the media here on Friday. The campaign will employ multiple measures to make sure it is effective and delivers solid outcomes, he said. In 2023, Chinese police have also taken strong measures against criminal acts of cyber violence such as online smearing, insulting and privacy infringement, handling 110 cases so far, the state-run Xinhua news agency reported.

Android smartphones face average 3 attacks per month, says DSCI report

The report also gave staggering numbers of threat detections, with over 400 million attacks getting detected in 2023

US, India, Taiwan unite to strengthen cybersecurity against China threat

Three countries share a common interest in warding off cyber attacks from various agencies PLA is developing and training in China

US, India, Taiwan representatives collaborate on Cybersecurity workshop

India's former National Cyber Security Coordinator Lt. Gen. Rajesh Pant said that with over 800 million internet users and 1.2 billion smart phones, cybersecurity is a major part of national security

Logs missing in 42% cyberattacks; small business most vulnerable: Report

Sophos' Active Adversary Report found 83% organisations targeted had less than 1,000 employees

Operation Chankra-2: CBI searches 76 locations against cyber criminals

The CBI has conducted searches at 76 locations across the country under Operation Chakra-2 after registering five separate cases of cyber-enabled financial frauds, officials said on Thursday. One of the cases pertains to a racket siphoning off Rs 100 crore of Indian citizens through a cryptocurrency fraud, they said. The case was registered on the basis of inputs provided by the Financial Intelligence Unit (FIU), the officials said. Two cases were registered on a complaint from Amazon and Microsoft that the accused ran call centres and posed as technical support of the companies to target foreign nationals, they said. Nine call centres were searched by the Central Bureau Investigation (CBI) under the operation, the officials added. The details of two other cases were not shared by the agency because of the ongoing operation. The CBI has acted on inputs from FIU, FBI, Interpol and other international agencies, they said. The searches were conducted at locations in Uttar Pradesh,

90% firms experienced cyberattacks; 83% opted to pay attackers: Report

The 2023 Chief Information Security Officers (CISO) report found that 86% security officers believe generative AI could bridge skill gap in their security teams