Reasons Why Cybersecurity No More Concerns For BFSI Companies Now

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One in three Indian companies are facing huge financial losses due to security breaches

The ecommerce sector is a prime avenue for cybercrime

Many Indian organizations suffer from fundamental issues that negatively impact their cybersecurity posture

The Indian Computer Emergency Response Team (CERT-In) recently reported that there have been over 313,000 reported cybersecurity incidents this year through the end of October. This is significantly higher than the number of attacks reported two years ago in 2017. These incidents included phishing attacks, network scanning/probing, malicious code, malware, and website hacking.

This increase in the number of cyberattacks is part of a growing trend across the world. As more connected devices come into use and more business is carried out on the internet, this trend is expected to continue. A recent cyberattack on the Kudankulam Nuclear Power Plant in Tamilnadu best exemplifies the changing threat landscape that has raised many questions for Indian organizations with regard to cyber threats facing their business operations and critical assets. When threat actors can penetrate the systems of such highly guarded critical infrastructure…

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