Akamai: India is at seventh spot in the list of targeted countries for Web Application Attacks (WAA)
Nearly 40 percent of over 53,000 cyber attacks in India occurred in the financial services sector during 2017 and India is at seventh spot in the list of targeted countries for Web Application Attacks (WAA), according to anew report.
the report, titled Fourth Quarter, 2017 State of the Internet / Security Report , placed the United States at the top on the list in the Q4 2017, with a count of 238,643,360 incidents. Brazil with 21,900,411 attacks, United Kingdom with 19,385,710 attacks and Canada with 17,459,934 attacks are at second, third and fourth. India is at seventh with 11,546,530 attacks, followed by Japan (10,510,981) and Australia (9,758,428).
Security incidents like phishing, website intrusions and defacement, virus and ransomware targeted the rapidly growing of the Banking, Financial services and Insurance (BFSI) sector in India, said the report from Akamai Technologies.
REPORT OF AKAMAI TECHNOLOGIES
Martin McKeay, Senior Security Advocate at Akamai said, “Crypto-mining offers attackers the most direct avenue to monetise efforts by putting money immediately into their cryptowallets.” McKeay added,” A key motive of attackers has always been financial profit. In the past few years, we have seen adversaries move to more direct methods to achieve that goal such as ransomware.”
The report also stated that the Distributed Denial of Service (DDoS) attack frequency in the BFSI sector increased by 50 percent in the fourth quarter of 2017 over the last quarter
“While India maintained the same position in the third quarter last year, it is interesting to note that the attacks sourced have seen a drop of approximately four million in number compared to last quarter,” report said.
The newly released data that analysed more than 7.3 trillion bot requests per month found a sharp increase in the threat of credential abuse, with more than 40 percent login attempts being malicious. This indicates that DDoS attacks remain a consistent threat and the Mirai botnet is still capable of strong bursts of activity.
Akamai’s findings also confirmed that the total number of DDoS attacks last quarter increased 14 percent from the same time last year.”The hospitality industry suffered as the biggest target of fraudulent credential attacks, with 82 percent of their login attempts being from malicious botnets, report said.
The financial industry saw a sharp increase in the number of DDoS attacks, experiencing 298 DDoS attacks against 37 distinct organizations last quarter, report said.
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