Banking Sector Faces The Major Share Of Malware Attacks In India: This Report Confirms

India skilled roughly 7 lakh malware assaults in 2022, up from 6.5 lakh in 2021, with the banking sector being essentially the most weak to those assaults, totalling 44,949 incidents, a report confirmed on Wednesday.

The prime six industries affected by malware in India in 2022 have been banking, authorities, manufacturing, know-how, healthcare, and finance.

However, there was a slight decline within the variety of malware detections throughout the six vital sectors, indicating that applicable measures are being taken, in accordance with the report by world cyber-security agency Trend Micro.

In 2022, there have been a complete of 14,983,271 ransomware threats globally, with 38.06 per cent of the assaults focusing on Asia, and 10.51 per cent of these assaults being detected in India.

“The report reveals a 16 per cent improve in malware assaults, underscoring the necessity for ongoing vigilance and collaboration to safeguard vital industries corresponding to banking, authorities, and manufacturing in India,” mentioned Vijendra Katiyar, Country supervisor for India & SAARC, Trend Micro.

In 2021, the top three sectors affected by ransomware were banking, government, and manufacturing, but the trend shifted in 2022 when the Indian government sector became the most affected, followed by manufacturing and banking.

Interestingly, while the number of attacks on the Indian banking sector decreased significantly from 15,928 to just 626 ransomware alerts, the number of attacks on the government sector remained relatively stable, and the manufacturing sector saw an increase from 994 to 1,178 incidents in 2022, the data showed.

Globally, the cyber-threat detections hit a record 146 billion in 2022.

The report mentioned a massive 55 per cent increase in overall threat detections in 2022 and a 242 per cent surge in blocked malicious files, as threat actors indiscriminately targeted consumers and organisations across all sectors.

There was an 86 per cent increase in backdoor malware detections. These backdoors primarily targeted web server platform vulnerabilities.

“A surge in backdoor detections is particularly concerning in showing us their success in making landfall inside networks,” mentioned Jon Clay, VP of risk intelligence at Trend Micro.

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(This story has been edited by News18 employees and is revealed from a syndicated news company feed)