India Grapples With Escalating Ransomware And Malware Threats Reveals Report

Cybersecurity threats in India have surged in the first half of 2023, revealing the country’s vulnerability to digital attacks. India ranks fourth globally in detecting online banking malware, contributing 8.2% of the world’s total threats. Notably, 18,862 malware attacks were directed at the government sector. As ransomware families like StopCrypt, Lockbit and Blackcat, along with newcomer Mimic, intensify their activities, India’s financial services sector faces growing safety concerns, particularly around financial data.