India’s population of over 1.4 billion and rapidly expanding economy makes the country’s digital footprint an attractive target for cybercriminals looking to exploit vulnerabilities, says cybersecurity provider the group warned.
Data breaches will skyrocket in 2024, in addition to a surge in identity-based attacks due to increased cloud adoption, ransomware activity will continue to accelerate, and deepfakes will also pose an imminent threat to the nation’s cybersecurity this year, they say. warned.
Rohan Vaidya, Regional Director, India and SAARC, CyberArk said: “In 2024, data breaches are expected to increase exponentially as the digital environment expands, primarily due to the scale and variety of attacks that have affected nearly every sector, from governments to ” From healthcare to startups. ”
As organizations move data, applications, and workloads to the cloud, the attack surface expands and attackers have more scope for exploitation. According to identity management software company CyberArk, organizations may have less visibility and control over cloud resources than on-premises environments, which can make it harder to detect intrusions and prevent unauthorized access. There is a gender.
The country’s public cloud services market is expected to reach $17.8 billion by 2027, exhibiting an impressive CAGR of 23.4% from 2022 to 2027 (IDC).
Online protection company McAfee predicts that in 2024, global excitement around the Olympics will become a breeding ground for fraud. Cyber scammers take advantage of consumer enthusiasm for events by targeting fans eager to buy tickets, book travel, access trending content, and participate in giveaways.
Cyber crooks are good at understanding the moments that matter most to people, from hot movie premieres to high-profile events to major shopping seasons, and they use them to capitalize on the biggest moments in the zeitgeist. adjust their fraud techniques. McAfee warns that this is a perfect opportunity to trick people into divulging personal information and payment details.
This year, AI will help cybercriminals manipulate social media and shape public opinion like never before. Malicious actors deploy his AI tools to fabricate photos, videos, and audio and post them on social media.
“As AI continues to lower the barrier for cybercrime and usher in a new era of AI-powered cyber threats, scams will become more sophisticated and harder to distinguish from legitimate messages and sites. Even experts can have a hard time discerning the facts that can affect everything from fiction to deepfakes, including our children’s futures and beyond,” said Steve Grobman, McAfee’s chief technology officer. he warned.
Mignona Cote, Chief Security Officer, NetApp We said that we need to adopt an approach.
“We remain committed to staying ahead of emerging threats through innovation and strategic investments in cybersecurity,” Cote added.
If there were new vulnerabilities available and somewhat easier to exploit to commit a cyber intrusion, Chester Wisniewski, global field CTO at cyber security firm Sophos, agrees:
“Major governments around the world are working to stop ransomware groups as hospitals, schools, law firms, and banks are unable to operate due to cyberattack-related downtime, increasing the impact on people’s daily lives. I think we will see more substantive action,” Winiewski added.
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