India has been placed at the seventh spot in the list of targeted countries for Web Application Attacks (WAA), according to a new report titled ‘Akamai State of the Internet Security Q4 2017’ that released on February 21, 2018. The report states that nearly 40 per cent of over 53,000 cyber attacks in India occurred in the financial services sector during 2017.
These attacks can bring down websites, disrupt businesses, and divert resources, sometimes serving as cover for more insidious data or systems breaches. In contrast to DDoS attacks, web application attacks typically target application vulnerabilities in order to steal data or otherwise compromise the underlying system. These attacks are much more common than DDoS attacks, with attackers often simply scanning the Internet for vulnerable sites to victimise.
• It also placed India seventh in the list of the top source countries for WAA.
• While India maintained the same position in the third quarter last year, the attacks sourced saw a drop of approximately four million in number as compared to last quarter.
• The report reveals that security incidents such as phishing, website intrusions and defacements, virus and ransomware have targeted the rapidly growing of the Banking, Financial Services and Insurance (BFSI) sector in India.
• It also stated that the Distributed Denial of Service (DDoS) attack frequency in the BFSI sector increased by 50 per cent in the fourth quarter of 2017 over the last quarter.