IoT Businesses In India Have To Suffer The Rise Of Cyberattacks

India has been ranked among the top target countries for cyberattacks in the last two consecutive quarters. Particularly in Q2 this year, the number of cyberattacks targeting the Internet of Things (IoT) businesses in India registered a 22% rise, recording thousands of high-grade incidences. Besides the scale of the attacks, the report also outlines the key sectors for cyber threats, the top cities most attacked, and the most used methods for malicious software. 

Major Findings

Specifically, there have been 33,450 high-grade attacks in which 500 are highly sophisticated cases. Such sophisticated malware targeted critical infrastructure projects such as smart cities, with the increasing deployment of reconnaissance, a type of attack engaging in gathering information about vulnerabilities. 

As said, smart cities are among the top sectors at risk of cyberattacks, followed by financial services and transportation infrastructure. These attacks occur most frequently in tier-I cities including Mumbai, Bangalore, and New Delhi. Subex claims they have conducted an investigation in over 15 cities across India before coming into the conclusion. 

In terms of attack models, the probe has detected a whopping 2,550 unique types of malware prevailing in the nation. Modular and military-grade cases are on the rise although they usually require large budgets and a group of specialist hackers to conduct. Subex says the number of attacks aimed at geopolitics will soon become the trend. 

The Upcoming Trend Towards Cyber Crimes In India 

The increasing sophistication of cyber-attacks reported in the study indicates a larger trend that is widely spreading in India. Hackers now tend to become more patient as long as being able to steal crucial data. Instead of immediately carrying out the attack, they keep their footprint under detection software, waiting for the thresholds being breached, and easily achieve the targets.