India Ranked Second for Cyberattacks in 2024

According to Cloud SEK’s Threat Landscape Report 2024, India ranked second globally for cyberattacks, with 95 incidents of data theft. The United States topped the list with 140 attacks, while Israel followed in third place with 57 attacks.

Key Findings from the Report

Sector-Specific Impact

The finance and banking sectors were the most affected, with 20 victims. Other targeted sectors included government (13 victims), telecommunications (12), healthcare and pharma (10), and education (9).

Major Data Breaches

Notable breaches included the leak of 850 million records of Indian citizen data from Hi-Tek Group, customer data from Star Health and Allied Insurance, and 2TB of data from Telecommunications Consultants India.

Ransomware Incidents

The report highlighted 108 ransomware incidents in India, with Lockbit being the most active group, responsible for over 20 incidents. Other notable groups included Killsec and Ransomhub.

Historical Context

India has faced growing cyber threats in recent years. In 2018, it ranked second globally for data breaches, with over 690 million internet subscribers, contributing to an increase in attacks on both private and public sectors.

Implications

The surge in cyberattacks highlights the urgent need for robust cybersecurity measures across all sectors in India. As digital services rapidly expand, vulnerabilities have been exposed, emphasizing the need to strengthen security protocols to protect sensitive data and preserve public trust.