Cyber-attacks in India up 22% rise in Q2’ 19: Subex IoT security report

Vinod Kumar

Vinod Kumar, CEO & MD, Subex Limited

India is witnessing a steep rise in incidents related to cyber-attacks. According to a report, there has been a 22% increase in cyber-attacks in the second quarter of the calendar year 2019 itself.

As per a report by Subex Limited titled, “State of Internet of Things (IoT) ”,  for the April-June quarter, metros including Mumbai, New Delhi, and Bengaluru attract the maximum number of cyberattacks. Smart cities, financial services, and transportation sectors led the sectoral rankings in terms of cyberattacks.

Vinod Kumar, CEO and Managing Director, Subex Limited, said in a statement, “By releasing these findings, we intend to increase awareness and provide decision-makers and other stakeholders sufficient data points to frame appropriate interventions.”

“…the threat intelligence compiled points to a high level of hacker interest in projects in India and this is indeed a matter of concern,” he said in the report and indicated that there is a growing trend of attacks being geopolitically motivated.

Subex, a telecom solutions provider, gathered the data from across 15 Indian cities and highlighted a significant rise in reconnaissance attacks and alarmed about a range of sophisticated malware being deployed by hackers to target critical infrastructure projects.

It further added that several IoT projects are being targeted at the proof of concept stages and many malware samples isolated showed a tendency to persist and listen to the network traffic.

The study identified over 2550 unique malware samples in the country which is the highest reported so far. The report suggests that modular and military-grade malware is often used by specialist hackers and groups with budgets and access to research and development facilities or online shops that develop and sell such sophisticated malware.

The high level of malware persistence indicates that the hackers are becoming more patient and willing to wait to attack or steal data, the report said adding that the newer malware variants are stealthier and can evade detection for a longer duration of time than before.

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