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Companies in India reported more cyberattacks than any other country: Report

by Manoj R

Source: ETCIO

The survey states that 56% of the companies in India reported that their IT costs having increased significantly to counter attacks in the past months – exactly two times the global average.

In the wake of the ongoing COVID-19 pandemic, companies in India are reporting more cyberattacks than any other country in the world, reveals the Acronis Cyber Readiness Report 2020. Fifty-six per cent of them report their IT costs have increased significantly in the past months – exactly two times the global average.

The report further highlights that 92% of the companies globally have adopted new technologies to enable remote work, including workplace collaboration tools, privacy solutions, and endpoint cybersecurity.

The challenge for organizations is that managing the protection of data across the company network and all of those new devices using a stack of different solutions is expensive, time-consuming, and complicated. The lack of integration also creates gaps in the organization’s defences that cybercriminals are exploiting.

The Acronis Cyber Readiness Report reveals that as hackers target remote workers, phishing, distributed denial of service (DDoS), and videoconferencing attacks are the most common tactics used. Below are some of the key findings:

• 39% of global companies experienced a videoconferencing attack in the past three months as workers rely on apps like Zoom, Cisco Webex, and Microsoft Teams – India demonstrates the highest rates, with 66% of local companies reporting having encountered videoconferencing attacks.
• Malware attacks such as ransomware also have increased during the pandemic, with 31% of companies reporting daily cyberattacks and half (50%) being targeted at least once a week – India reported twice as many attacks as any other country, followed by the US and the UAE.
• Phishing attacks are occurring at historic levels, which is not surprising since the report found only 2% of companies consider URL filtering when evaluating a cybersecurity solution. That oversight leaves remote workers vulnerable to phishing sites – while 62% of companies in India report struggling with phishing attempts.

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