The expanding number and recurrence of recent data breaches have demonstrated that Indian organizations across all areas are vulnerable to cyber-attacks. Last year, India had the largest average number of breached records along with the Middle East and the US. After two foremost attacks last fall - one carried out against the Kudankulam Nuclear Power Plant, the newest and largest nuclear power plant in the country, while the other against the Indian Space Research Organization (ISRO). This means India needs to step up its cyber-security measures.
According to Indian national cyber security, at least 50% surge in global cyber-crimes is since the onset of covid-19. Pandemic has opened doors for cyber threats and data breaches. Since March 2020 till now whenlockdown started particularly in India, we have seen a surge in lots of cyber attacks, because many of us started working from home which has given additional surface to the attackers to get into organisations. Most common attack we have seen is the ransomware, earlier ransomware attacks were performed in limited verticals but now it is across all the verticals. Ransomware attacks are global these days and it has shown 77% growth in the last a few months. Second most common attack which has shown the growth of 300% globally and in the context of India as well, is the phishing attack. Currently, the digital economy pays around 15% to India's GDP, and it is expected to grow to 20% by 2024, which means that the number of digital services, as well as the volume and value of the produced data, will show a surge. Moreover, a rising amount of sensitive data, including credit card numbers and Aadhaar numbers, is being stored online, and together with the expanding number of connected devices, it creates the need for an enhanced cyber-security strategy that includes a variety of cyber-security products.