67% Of Indian Govt & Essential Services Faced Over 50% Cyberattacks In Last 12 Months: Report

New Delhi: About 67 percent of Indian government and essential services experienced more than a 50 percent increase in disruptive cyberattacks in 2022-2023, a new report said on Thursday. According to researchers from Palo Alto Networks, about 45 percent of Indian businesses saw over 50 percent increase in disruptive attacks — the highest in the Asia-Pacific region (APAC). 

The researchers surveyed 200 Indian IT decision-makers, CTOs, CIOs, and Senior Directors to understand the state of cybersecurity in India, belonging to sectors such as Banking & Finance, Essential Services, Telco/Tech/Communications, Retail/Hotel/F&B, Transport & Logistics, and Manufacturing. (Also Read: Glamour To Gold: 5 Bollywood Beauties Lighting Up The Business World With Multi-Crore Ventures)

“Our findings show that the transport, manufacturing, and public sectors have borne the brunt of advanced attacks. As India embraces digital transformation, it is mission critical to have a cybersecurity-first approach,” said Anil Valluri, Managing Director & Regional Vice President of India & SAARC, Palo Alto Networks. (Also Read: Inflation Insights: Analyzing Price Trends For Veg And Non-Veg Thalis – Which Costs More?)

Although India saw a 75 percent increase in cybersecurity budget allocation for 2023 compared to the previous year, the report said that it also experienced the highest number of disruptive cyberattacks.

Moreover, the report mentioned that 60 percent of Indian organisations are concerned about malware (ransomware, spyware, adware) attacks the most, while 57 percent of Indian Telcos are concerned about ransomware the most. 

About 94 percent of organizations performed regular assessments and forensics for OT-related cybersecurity incidents.

“While budgets may be expanding, it is essential to utilize these resources diligently. Enterprises, regardless of their size, must proactively adopt a Zero Trust architecture to secure distributed enterprise networks,” Valluri said.

Further, the report stated that 68 percent believe ChatGPT will positively impact business tasks like content creation and report generation. Around 42 percent of Indian organisations said they are adjusting their cybersecurity strategy to adopt cloud security, while 94 percent said they have a 5G strategy in place.