News Excerpt:
According to a new study by Verizon Business, India is one of the key countries affected by phishing attacks, where employees often click on malicious links or attachments that appear to be from legitimate sources, often leading to severe financial losses.
More about the study:
- There was a silver lining as far as India was concerned as reporting practices have improved, with 20% of users now identifying and reporting phishing during simulation tests.
- The enterprises in India can significantly reduce human error in cybersecurity by adopting a multi-pronged approach.
- The 2024 Data Breach Investigations Report states that espionage attacks dominate the cyber security landscape in the Asia-Pacific region, including India.
- On average, it takes organizations surveyed in India, around 55 days on average to patch 50% of their critical vulnerabilities.
- Non-malicious human elements were involved in more than two-thirds of the breaches reported in India.
- The report analyzed 30,458 security incidents and 10,626 confirmed breaches in 2023 (a two-fold increase over 2022) in the Asia-Pacific region.
- System intrusion, social engineering, and basic web application attacks represent 95% of breaches in the Asia-Pacific region.
- The most common types of data compromised are credentials (69%), internal (37%), and secrets (24%).
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What is Phishing? Phishing is a cybercrime in which a target or targets are contacted by email, telephone or text message by someone posing as a legitimate institution to lure individuals into providing sensitive data such as personally identifiable information, banking and credit card details, and passwords. |
