According to the Information Technology Act, 2000, “Cyber security means protecting information, equipment, devices computer, computer resource, communication device and information stored therein from unauthorised access, use, disclosure, disruption, modification or destruction.”
India, the country with the second most cyber attacks during the 2022, is now in fifth position, with Europe climbing to the second highest with 14 percent of attacks. Attacks increase in the United States putting it top on the table in terms of different forms of cyber attacks, revealed the Microsoft Digital Defence Report 2023. US entities have continued to be primary targets for DDoS attacks, bearing the brunt of 54 percent of all attacks..
India which reported around 25 per cent of attacks last year has reported less than five per cent this year, the report found.
India also remains in third position in terms of threat actors’ priority in the Asia-Pacific region, followed by Korea and Taiwan
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A recent ASSOCHAM-NEC joint study estimates cyber security market size in India to grow at a CAGR of 36.2 per cent between 2017 & 2021.
Implementing a robust cybersecurity strategy that includes various solutions like Firewalls, Network Security including Network Detection & Response and Network Forensics will be pivotal for businesses to keep their critical data and financial assets protected.
According to the recent National Crime Records Bureau (NCRB) data, India reported an 11.8% jump in cybercrime in 2020.
Currently, India has approx. 750 million Internet users across the country, which makes India as 3rd in terms of
the highest number of internet users in the world after USA and China
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SOME MORE FACTS
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• India has one of the highest numbers of cyber-attacks and the country ranks second in terms of targeted attacks. (Global Information Safety Report).
• The market size of cyber security in India was worth nearly about 10 billion U.S. dollars in 2021, reflecting a CAGR of about 40% over the last two years. With the growth in digital adoption, leading to increased online attacks, the market was further estimated to gross over 15 billion US dollars by the end of 2023.
• According to the recent National Crime Records Bureau (NCRB) data, India reported an 11.8% jump in cybercrime in 2020.
• The cyberattack on Delhi AIIMS was the handiwork of unknown threat actors and caused due to improper network segmentation.
• The global average cost of a data breach in 2022 was 4.35 million U.S. dollars which is the highest in the healthcare sector.
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