GS-3, Internal security, Uncategorized

‘Cybercrimes have risen 4-fold in 3 years’

According to a joint study by PwC and Assocham, the number of cyber crime cases registered in India has risen by 350% in the three-year period from 2011 to 2014. The study is titled- ‘Protecting Interconnected Systems in the Cyber Era.’

Highlights:

  • The study notes that with the growing adoption of the Internet and smart-phones, India has emerged “as one of the favourite countries among cyber criminals.” But, in the past, attacks have been mostly initiated from countries such as the U.S., Turkey, China, Brazil, Pakistan, Algeria, Turkey, Europe, and the UAE.
  • According to the study, a new breed of cyber criminals has now emerged, whose main aim is not just financial gains but also causing disruption and chaos to businesses in particular and the nation at large.
  • In the U.S. alone, there has been an increase of nearly 50% in reported cyber incidents against its critical infrastructure from 2012 to 2015. Attackers can gain control of vital systems such as nuclear plants, railways, transportation or hospitals that can subsequently lead to dire consequences.

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