Adrian Johnson
TLDR:
Indian enterprises experienced a surge of 5.14 billion cyberattacks in 2023, with an average quarterly increase of 63% throughout the year.
In its Annual State of Application Security Report 2023, Indusface revealed that its AppTrana network successfully blocked a total of 6.8 billion cyberattacks globally in 2023, with 5.14 billion of them targeting Indian entities.
Key points:
- Indusface’s report highlighted the vulnerability of various industries in India, with 100% of healthcare websites and 90% of banking, finance, and insurance websites experiencing bot attacks.
- SaaS companies in India saw a tenfold increase in cyberattacks due to the valuable customer data they hold.
- Cyberattacks on Indian enterprises also included distributed denial-of-service (DDoS) attacks, which increased by 46% each quarter, totaling over 4.25 billion attacks in 2023.
- Despite the prevalence of DDoS threats, over 39% of enterprises expressed uncertainty regarding their ability to defend against large-scale attacks.
According to Indusface CEO Ashish Tandon, bad bots were a significant concern in 2023. He emphasized the need for AI-human collaboration in combating complex, multi-layered attacks.
The report also highlighted the effectiveness of application-specific virtual patches in thwarting attacks, as well as the presence of critical and high vulnerabilities that remained unresolved for over 180 days.
Overall, the report emphasized the importance of proactive cybersecurity measures and the integration of AI and human expertise in defending against cyber threats.
