Mumbai: Check Point Research (CPR) has unveiled alarming data on the escalating cyberattack landscape in Q2 2024. The report highlights a substantial 30% year-over-year increase in global cyberattacks, with organizations enduring an average of 1,636 attacks weekly.

India has emerged as a prime target, experiencing a more pronounced surge of 46% in cyberattacks compared to the global average. Domestically, organizations faced a staggering 3201 attacks per week, ranking second highest in the Asia-Pacific region after Taiwan.

Key Findings on Cyberattacks :

• Global Trends: The education and research sector topped the list of most attacked industries worldwide, followed by government/military and healthcare. Latin America, Africa, and Europe recorded the most significant increases in cyberattacks.
• India Focus: India’s rapid digital transformation has made it a lucrative target for cybercriminals. The country’s robust economic growth and increasing internet penetration have exacerbated the threat landscape.
• Ransomware Threat: Ransomware attacks surged globally, with North America being the most affected region. The manufacturing sector was the primary target for ransomware gangs.

Driving Factors:

The relentless rise in cyberattacks can be attributed to several factors:

• Advanced Threat Actors: Cybercriminals are employing sophisticated techniques, including AI and machine learning, to evade detection and execute complex attacks.
• Economic Motivations: The lucrative nature of cybercrime, particularly ransomware, drives criminal activities.
• Geopolitical Tensions: Nation-state-backed attacks and cyber espionage have intensified, contributing to the overall threat landscape.
• Supply Chain Vulnerabilities: Exploiting weaknesses in supply chains has become a preferred tactic for cybercriminals.

Recommendations:

To mitigate the growing cyber risk, organizations must adopt a comprehensive security strategy:

• Strengthen Cyber Defenses: Implement robust security measures, including firewalls, endpoint protection, and intrusion detection systems.
• Employee Awareness: Conduct regular cybersecurity training to educate employees about potential threats and best practices.
• Incident Response Planning: Develop comprehensive incident response plans to minimize the impact of cyberattacks.
• Data Protection: Prioritize data protection and backup strategies to safeguard critical information.

The escalating cyber threat demands immediate attention from businesses, governments, and individuals alike. By proactively addressing vulnerabilities and staying informed about emerging threats, organizations can enhance their resilience against cyberattacks.

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