Over 26m malware attacks aimed at Indian businesses during July-September

Seqrite the provider of enterprise cyber-security recently published its third quarter Quarterly Threat Report of 2018 stating that over 26m malware attacks were aimed at Indian businesses in July-September quarter or Q3 that accounted for more than 2,80,000 attacks detected per day. Seqrite represents the India-based cyber-security solutions vendor Quick Heal Technologies in the capacity of enterprise security.

IT (information technology) and ITES (IT-enabled services) firms encountered the maximum threat incidences whereby 40%-and-more malware attacks out of the total aimed on the enterprise sector, reveals Seqrite's report. Also considered as endangered were other important sectors namely hospitality (9.17%), education (12.56%) and manufacturing (17.88%).

According to Quick Heal's Joint Managing Director Sanjay Katkar who's also the Chief Technology Officer, it's un-debatable that businesses experience security challenges not found in any other sector. Expanding interconnectivity has annihilated conventional cyber security frontiers. In the present time, every device or node or endpoint linked up with business networks forms an easy entry point for cyber-attackers seeking for grabbing precious data while halting business operations, Katkar explains. www.business-standard.com posted this, December 26, 2018.

Seqrite's report notes that while popular attack mediums continued to be PUA (potentially unwanted applications), exploits, ransomware, and worms, infectors and adware, cyber-criminals also increasingly executed crypto-jacking assaults. Seqrite identified more than 24,000 crypto-jacking instances everyday in Q3-2018, underscoring that this somewhat fresh attack mode is becoming increasingly popular.

Crypto-jacking attacks, which involve hackers' compromise of computers they infect to use their processing power for digging out crypto-currencies, continued to be undetected over a lengthy time-period, while were frequently utilized for executing other complicated assaults. As per the World Economic Forum, cyber-security attacks are potentially the 3rd most danger affecting the globe today. Moreover by 2021, cyber-security breaches may cost the world up to USD 6trl, twice the amount of 2015.

Previously according to one research, Indian enterprises had encountered a loss of approximately one-half million USDs because of an 18-month spread cyber attacks. However, another study reveals Indian companies' security managers as seemingly being too confident regarding the cyber-security steps they adopt, even with continual rise in data hacks of late.

» SPAMfighter News - 12/31/2018