Indian companies more vulnerable to cyber-attacks: Study Reports

    What is a cyber-attack?

    In computers or computer networks, a cyber-attack is any endeavour to impair, alter, expose, demolish, gain or take unapproved admittance or make unapproved use of an asset. A cyber-attack is any sort of hostile move that targets computer data frameworks, foundations, computer organizations, or computer gadgets. In the situation of progressing COVID-19 pandemic, numerous companies of India have revealed more cyber-attacks in contrast with many other nations of the world,- as per the Acronis Cyber Readiness Report 2020. 

    Acronis Cyber Readiness Report 2020

     The study stated that around 56% of the companies in India have revealed that they needed to expand their IT expenses to counter such attacks in the previous months – precisely two times the global average.

    The report also stated that 92% of the companies all over the world have started using new technologies to enable remote work, including privacy solutions, workplace collaboration tools, and endpoint cyber security. 


    Photo by Bermix Studio on Unsplash

    The main challenge that these companies have to face 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 absence of integration additionally produces gaps in the organization’s defenses that cyber criminals are looking to misuse. 

    The Report uncovers that as hackers are targeting remote workers, phishing, distributed denial of services (DDoS), and videoconferencing attacks are the most well-known strategies being used. The following are the key discoveries:

    • 39% of global firms experienced a videoconferencing attack in the past three months (as workers rely on apps like Zoom, Cisco Webex, and Microsoft Teams). India confronted the highest rates of such attacks with 66% of companies announced having experienced videoconferencing assaults.
    • There has also been a surge in malware attacks such as ransomware during the pandemic. Companies in India confronted right around two-fold such attacks than any other nation. Around 31% of companies have also reported facing cyber-attacks daily. About 50% said they were targeted at least once a week.
    • Similarly, there is a surge in phishing attacks. Although the rise in phishing was expected as a mere 2% of companies taking URL filtering into account when evaluating a cyber security solution. This oversight has put remote workers at risk to phishing sites – 62% of companies in India acknowledged they have been struggling with phishing attempts.

    “The cyber threat landscape has drastically changed during the past few years, and majorly in the last six months. Traditional stand-alone antivirus and backup solutions are unable to protect against modern cyber threats.” said Serguei “SB” Beloussov, founder and CEO of Acronis.

    Also Read – Microsoft’s latest Windows OS patch fixes over 100 security issues.

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