Staggering 261% Rise in Cyberattacks on Indian Websites During Jan-April 2024 Period: Report
New Delhi: According to a report released on Monday, June 17, by application security firm Indusface, Indian websites experienced a staggering 261% increase in cyberattacks in the first quarter of 2024 compared to the corresponding period in 2023. Globally, the rise in cyberattacks during this time was 76%.
The report titled State of Application Security by Indusface revealed that power and energy companies faced up to 500 times more attacks than the industry average.
"A 2.5-time increase in attacks on Indian applications is a matter of great concern. Compared to last year, we are also seeing more attacks on unregulated industries such as power and manufacturing. Consistent with global trends, DDoS (Distributed Denial-of-Service) and bot continue to be the top two threat vectors employed by attackers in India," Ashish Tandon, founder and CEO of Indusface, told Business Standard.
According to the report, DDoS attacks surged by 76% in the first three months of 2024 compared to the same period the previous year. A DDoS attack is a cyberattack method in which the attacker floods a server with internet traffic, preventing users from accessing online services and sites.
“Bot attacks are spreading rapidly, with 100% healthcare apps and 90% Banking, Financial Services and Insurance (BFSI) sector apps witnessing the same throughout the quarter. Overall, bot attacks rose 147% compared to Q1 CY23,” said the report.
The report also found that around nine out of 10 BFSI sites experienced bot attacks across the world.
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