Web threats eyeing businesses in India

There was a significant rise in web threats targeting businesses in India during 2023. This surge highlights the growing challenges companies face in safeguarding their digital assets and sensitive information from cybercriminal activities.

Web-based threats, or online threats, are a category of cybersecurity risks that may cause an undesirable event or action via the internet. Web threats are made possible by end-user vulnerabilities, web service developers/operators, or web services themselves. Regardless of intent or cause, the consequences of a web threat may damage both individuals and organisations.

Increase in Web Threats: Kaspersky detected and blocked over 3 million web threats aimed at Indian businesses in 2023. This represents a concerning 47% jump compared to 2022.

Daily Attacks: On average, nearly 9,000 cyberattacks targeted Indian businesses every single day throughout 2023.

These stats highlight the growing threat landscape for businesses in India. It's crucial for companies to invest in robust cybersecurity measures to protect themselves from these online attacks.
The rapid digital transformation and adoption of cloud services by businesses have expanded the attack surface, providing more opportunities for cybercriminals. Many businesses, especially SMEs, lack robust cybersecurity measures, making them more vulnerable to attacks.

Secondly, the shift to remote work environments has introduced new vulnerabilities, as employees access company networks from potentially insecure locations and devices.

Economic experts predict positive economic growth in India this year due to the rapidly growing digital economy of the country. With the local government ramping up efforts to bolster the local digital economy and infrastructure, Indians businesses should prioritise strengthening their cyber defences against lurking online threats.

Failing to do so risks undermining their ability to fully harness the benefits of digitalisation. Now is the time to take proactive measures and safeguard against potential cyber threats, Moving forward in 2024, it’s imperative for businesses to elevate their cybersecurity efforts to new heights. Gone are the days when basic firewall and endpoint solutions sufficed. With organisations handling massive amounts of data and the potential for significant reputational and financial damages from cyberattacks, it's time for the organisation to come out with an adaptive and intelligence-led approach to security solutions and services.