According to the survey by IT security solutions provider Symantec, corporate data in Indian companies is expected to grow 67 per cent in the next 12 months.
Indian banks faced more than 1,000 unique phishing attacks between July 2007 and June 2008. The underground economy report prepared by Symantec Corporation for the specified period provides information about the growing underground economy globally.
Criminals from the Internet's underground economy aren't just content to steal hard-earned money from ordinary users, they are increasingly focusing their efforts on high-end crime.
"The growing prevalence and capabilities of the most visible cyber-events of 2010, Stuxnet and Hydraq, have turned the focus on protecting businesses and critical infrastructure." said Shantanu Ghosh, vice president, India Product Operations, Symantec.
In the past, users had to visit malicious sites or click on malicious email attachments to become a victim of a security threat. Today, hackers are compromising legitimate websites and using them as a distribution medium to attack home and enterprise computers.
The gang, which Symantec calls Morpho, is financially motivated.
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According to a study by IT security solutions provider Symantec, while companies understood the need to protect information indicating high awareness levels, this did not translate into users deploying solutions to effectively protect corporate data. While 24 per cent of the respondents said their IT spends were about $1,500-5,000 (Rs 70,900-2,35,000), another 23 per cent said they invested less than $500 (Rs 23,637) annually on IT.
Top predictions for 2015 were attacks on the Internet of Things which would focus on smart home automation, growing attacks on mobile devices, prominent data leaks of 2014 to keep cybersecurity in spotlight this year, scammers to continue to run profitable ransom scams and cloud to take to infinity and beyond.
Internet users in India is attracting cyber criminals, as these are first-timers, who can be duped easily
'The major worry for everyone using Internet-linked devices today is whether the latest download on his smartphone or laptop is a bait from a digital hacker who is out to secure access to his hard-earned money,' notes T A Ramalingam, chief technical officer, Bajaj Allianz General Insurance.
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