India third most vulnerable country to cyber threats

India emerged as the third most vulnerable country in terms of risk of cyber threats, such as malware, spam and ransomware, in 2017, moving up one place over previous year, according to a report by security solutions provider Symantec. In 2017, 5.09% of global threats detected were in India, slightly less than 5.11% in 2016. The U.S. (26.61%) was most vulnerable to such attacks, followed by China (10.95%), according to ‘Internet Security Threat Report’.

The global threat ranking is based on eight metrics — malware, spam, phishing, bots, network attacks, web attacks, ransomware and cryptominers. From the sudden spread of WannaCry and Petya/NotPetya, to the swift growth in coinminers, 2017 provided us with another reminder that digital security threats can come from new and unexpected sources. Cyber criminals, it said, are rapidly adding “cryptojacking” to their arsenal as the ransomware market becomes overpriced and overcrowded.

his coin mining gold rush resulted in an 8,500% increase in detections of coinminers on endpoint computers during the final quarter of 2017. While the immediate impact of coin mining is typically performance related — slowing down devices, overheating batteries and in some cases, rendering devices unusable— there are broader implications, particularly for organisations.

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