New Delhi, August 26: A recent study by the ASSOCHAM revealed that there has been surge in the cybercrime in the country by approximately 350% in the last three years. The joint study conducted by ASSOCHAM-PwC revealed that case related to cybercrime registered under the Information Technology (IT) Act from the year 2011 to 2014.
The Indian Computer Emergency Response Team (CERT-In) has also reported a surge in the number of incidents handled by it, with close to 50,000 security incidents in 2015,” noted the study titled ‘Protecting interconnected systems in the cyber era’.
The study highlighted that operational systems are increasingly subject to cyber attacks, as many are built around legacy technologies with weaker protocols that are inherently more vulnerable. The continued and regular sharing of cyber security intelligence and insights is essential to improving the resiliency of these systems and processes from emerging cyber risks.
“Cyberattacks around the world are occurring at a greater frequency and intensity. Not only individuals but also businesses and governments are being targeted. The profile and motivation of cyber attackers are fast changing”, highlighted the joint study.
With an increase in the usage of information and operational technology (OT) and consumer technology (CT) in critical infrastructure, overall effectiveness has increased. However, these elements have also become the target of choice for attackers since they recognize the impact of disrupting the routine way of life.
In the US alone, there has been an increase of nearly 50% in reported cyber incidents against its critical infrastructure from 2012 to 2015, adds the paper. Cyberattacks around the world are occurring at a greater frequency and intensity. Not only individuals but also businesses and governments are being targeted.
The study revealed that in the past attacks have been mostly initiated from the countries such as US, Turkey, China, Brazil, Pakistan, Algeria, Turkey, Europe, and the UAE, and with the growing adoption of internet and smartphone India has emerged as one of the most favorite countries among cyber criminals.
Highlights of the solutions for reducing Cybercrime mentioned in the study as follows: