The U.S. remains most
vulnerable to such attacks, followed by China, according to the recently
released ‘Internet Security Threat Report’.
India
emerged as the third most vulnerable country in terms of risk of cyber threats,
such as malware, spam and ransomware, in 2017, moving up one place over
previous year, according to a report by security solutions provider Symantec.
In
2017, 5.09% of global threats detected were in India, slightly less than 5.11%
in 2016. The U.S. (26.61%) was most vulnerable to such attacks, followed by
China (10.95%), according to ‘Internet Security Threat Report’.
The
global threat ranking is based on eight metrics — malware, spam, phishing,
bots, network attacks, web attacks, ransomware and cryptominers.
As
per the report, India continues to be second most impacted by spam and bots,
third most impacted by network attacks, and fourth most impacted by ransomware.
The
report also pointed out that with the threat landscape becoming more diverse,
attackers are working harder to discover new avenues of attack and cover their
tracks while doing so.
In 2017, 5.09% of global
threats detected were in India, slightly less than 5.11% in 2016. The U.S.
(26.61%) was most vulnerable to such attacks, followed by China (10.95%),
according to ‘Internet Security Threat Report’.
The
global threat ranking is based on eight metrics — malware, spam, phishing,
bots, network attacks, web attacks, ransomware and cryptominers.
As
per the report, India continues to be second most impacted by spam and bots,
third most impacted by network attacks, and fourth most impacted by ransomware.
The
report also pointed out that with the threat landscape becoming more diverse,
attackers are working harder to discover new avenues of attack and cover their
tracks while doing so.
“From the sudden spread of
WannaCry and Petya/NotPetya, to the swift growth in coinminers, 2017 provided
us with another reminder that digital security threats can come from new and
unexpected sources,” it said.
Cyber
criminals, it said, are rapidly adding “cryptojacking” to their arsenal as the
ransomware market becomes overpriced and overcrowded.
Real threat
“Cryptojacking
is a rising threat to cyber and personal security,” Tarun Kaura, Director,
Enterprise Security Product Management, Asia Pacific and Japan, at Symantec
said, adding that, “The massive profit incentive puts people, devices and
organisations at risk of unauthorised coinminers siphoning resources from their
systems, further motivating criminals to infiltrate everything from home PCs to
giant data centers.”
“This coin mining gold rush
resulted in an 8,500% increase in detections of coinminers on endpoint
computers during the final quarter of 2017.”
While
the immediate impact of coin mining is typically performance related — slowing
down devices, overheating batteries and in some cases, rendering devices
unusable— there are broader implications, particularly for organisations.
“Corporate networks are at risk of shutdown from coinminers aggressively
propagated across their environment. There may also be financial implications
for organisations who get billed for cloud CPU usage by coinminers,” Symantec
said.
Source : The Hindu
Written by : Yuthika Bhargava on April 5 2019
Article Source : https://www.thehindu.com/news/national/india-third-most-vulnerable-country-to-cyber-threats/article23437238.ece
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