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.>