⚠️Massive Jump of 261% in Cyberattacks Witnessed by Indian Websites

The first quarter of 2024 witnessed a dramatic 261% increase in cyberattacks on Indian websites, as reported by Indusface【source: Business Standard】. This alarming statistic underscores the urgent need for robust cybersecurity measures across organizations. The surge in cyber threats includes business email compromise (BEC), social engineering attacks, and identity theft, affecting a wide range of sectors. Limited investments in governance protocols and a shortage of cybersecurity talent are contributing factors to this vulnerability.

Understanding the Threat Landscape

According to data from Grant Thornton Bharat:

• 71% of firms reported business email compromise.
• 65% faced social engineering attacks.
• More than 54% experienced identity theft.

These figures highlight the necessity for organizations to implement comprehensive security measures to protect their digital assets and sensitive information.

How miniOrange Can Help

At miniOrange, we are dedicated to providing solutions that help organizations enhance their cybersecurity defenses and mitigate these growing threats.

Preventing Business Email Compromise (BEC)

Business email compromise can result in significant financial and data loss. miniOrange offers a robust suite of solutions to safeguard your organization:

• Multi-Factor Authentication (MFA): Adding an extra layer of security by requiring multiple forms of verification.
• Password Management: Ensuring the use of strong, unique passwords to prevent unauthorized access.
• Suspicious Emails, Links & Attachments: Detecting and blocking malicious content before it reaches your inbox.

Mitigating Social Engineering Attacks and Identity Theft

Social engineering attacks and identity theft can have devastating consequences. Implementing Identity and Access Management (IAM) and Privileged Access Management (PAM) solutions is crucial:

• Identity and Access Management (IAM): Centralized control over user identities and access permissions, ensuring only authorized users can access sensitive information.
• Privileged Access Management (PAM): Managing and monitoring privileged accounts to reduce the risk of insider threats and unauthorized access.

Training and Security Assessment

Educating employees and regularly assessing your security posture are essential components of a robust cybersecurity strategy. miniOrange, through our dedicated partner PhishDefense, offers:

• Security Awareness Training: Equipping employees with the knowledge to recognize and respond to various cyber threats.
• Security Score Assessment: Evaluating current security measures to identify areas for improvement.

Building a Stronger Cybersecurity Posture

The surge in cyberattacks highlights the critical need for organizations to strengthen their cybersecurity measures. At miniOrange, we provide flexible and scalable solutions designed to meet the unique security needs of businesses. By partnering with us, you gain access to cutting-edge technology and expert support dedicated to protecting your digital assets.

Contact miniOrange today to learn more about how we can help secure your identity and strengthen your cybersecurity posture.

Visit miniOrange for more information.

As we face these increasing cybersecurity challenges, what steps is your organization taking to stay protected? Share your thoughts and experiences in the comments below. Let's work together to build a safer digital environment for all.

Sources:

• Business Standard: Indian websites saw 261% increase in cyberattacks from Jan-Mar 2024: Study
• businessline: Cyber attacks and frauds are on the rise — but is India equipped to face them?
• Linkedin News: Tackling India's Cybersecurity Crisis