Over 5.14 billion cyberattacks hit Indian websites and apps last year. Indian software-as-a-service organizations were targeted for high-value client data.
A recent survey said Indian websites and apps saw over 5.14 billion cyberattacks last year, primarily in healthcare. A 10 times surge in attacks made Indian software-as-a-service (SaaS) companies prime targets for cybercriminals due to their high-value consumer data.
Indusface, a TCGF II (Tata Capital)-funded application security business, found that carding attacks predominantly targeted retail and e-commerce.
Manufacturing, telecommunications, IT services and consulting, marketing, and advertising are also examined.
“Bot-driven, low-rate Distributed Denial of Service (DDoS) attacks increased along with card cracking and credential stuffing,” stated Indusface CEO Ashish Tandon.
On mitigation, he said, “We have seen reasonable success where AI models alert our managed services team of possible anomalies and the team can quickly take mitigation measures.”
Indusface’s ‘AppTrana’ network stopped 6.8 billion global threats, 5.14 billion of which targeted Indian businesses, SMEs, and governments.
A 63% quarterly increase in cyberattacks from Q1 to Q4 in 2023 highlights the need for strong cybersecurity, the research added.
The analysis highlights the vulnerability of many businesses, including healthcare, where 100% of websites were attacked by bots, and banking, finance, and insurance, where 90% were attacked.
Eight out of 10 sites were targeted by bots in 2023, adding 46% per quarter to over 467 million bot attacks.
Apart from India, the survey listed the US, UK, Russia, Germany, and Singapore as major cyber attack origins.
Conclusion
Over 5.14 billion cyberattacks hit Indian websites and apps last year, with healthcare being the most targeted. SaaS companies in India were targeted for their high-value consumer data. Retail and e-commerce were mainly targeted by carding assaults. Indusface’s ‘AppTrana’ network prevented 6.8 billion global threats, 5.14 billion targeting Indian businesses, SMEs, and governments. In 2023, cyberattacks rose 63% from Q1 to Q4, emphasizing the necessity for strong cybersecurity.
