-
First-Ever Digital Threat Report 2024: India launched its first Digital Threat Report 2024 focusing on strengthening cybersecurity in the Banking, Financial Services, and Insurance (BFSI) sector.
-
Unified Cybersecurity Framework: Emphasizes the need for a unified cybersecurity framework to protect India’s financial backbone, developed collaboratively by CERT-In, CSIRT-Fin, and SISA.
-
Rising Cyberattack Costs: The BFSI sector saw a surge in cyberattacks, with global data breach costs rising to USD 4.88 million and USD 2.18 million in India.
-
Digital Growth and Threat Exposure: BFSI’s digital growth, projected to reach USD 3.1 trillion in payments by 2028, is widening its cyber threat exposure.
-
Phishing Surges and AI Impact: Phishing attacks in India surged, with AI making these attacks more convincing via sophisticated email generation and chatbot scams.
-
Cloud Vulnerabilities Exploited: There has been a 180% increase in attacks exploiting cloud vulnerabilities like misconfigured services.
-
Key Recommendations: Proactive measures include employee training, regular vulnerability scans, real-time threat intelligence, and defense-in-depth strategies.
-
Multi-Dimensional Cyber Insights: The report integrates real-world cyber intelligence, offering a multi-dimensional perspective on emerging threats.
-
Collaborative Cyber Defense: The interconnected nature of the BFSI ecosystem necessitates coordinated cybersecurity efforts at national and sectoral levels.
-
Securing Digital Transactions: Securing digital transactions is crucial for economic stability as India’s BFSI sector rapidly expands.
Threat Report 2024
