India is growing really fast towards a digital
network, the number of connected devices is only increasing and the Internet is
penetrating the remotest of areas, but are we prepared to fight this digital
battle? There are big loopholes in India’s cyber security infrastructure. India
seems to be ready for a digital future but it is certainly not prepared to
handle the security risks.
The systems that are built around technologies
with weaker protocols which are inherently more unguarded and for this the
systems should be blamed. India has witnessed a 350 per cent rise in the
cybercrime cases from 2011-2014.
In the past, the attacks that were conducted
were from the countries like US, Turkey, China, Brazil, Pakistan, Algeria,
Turkey, Europe, and the UAE. As the growth of smartphones and internet is
adopted by most of the people, India has emerged as one of the most favourite
countries among cybercriminals said the study.
“Cyberattacks around the world are occurring at a greater frequency
and intensity. Not only individuals but also businesses and governments are
being targeted. The profile and motivation of cyber attackers are fast
changing,”
As there is an increase in the usage of
information and operational technology (OT) and consumer technology (CT) in
critical infrastructure, overall the effect has increased. Although these
elements have become the target of the choice for attackers since they
recognize the impact of disrupting the routine way of life.
The US has been the target of this cybercrime
and there has been an increase by 50 per cent, the cyber incidents against its
critical infrastructure. It's not only about the businesses the government is
also their target.
The pace of shift to digital payments has
significantly increased with the strong move towards a cashless economy. The
main factors that influenced this growth include increasing the number of
mobile phone penetration, lower cost of service delivery, banks discouraging
customers from visiting branches, the unorganized sector supporting digital
payments and the demonetization drive. The micro factors clearly indicate a
favourable environment for digital payments, which also is supported by the
approach being taken by the regulator. According to KPMG challenges remain
before India becomes truly digital these challenges are inclusive of wide use
of feature phones, especially in rural areas, patchy digital connectivity in
parts of the country, acceptance, and change in mind set lack of awareness and
security in transactions. It is critical for the citizens both corporates and
individuals, to be aware of cyber risks and not fall a prey to the phishing
scams.
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