India is experiencing a rise in cyberattacks, particularly targeting its key sectors such as finance, government, manufacturing, and healthcare. This increase has prompted the Reserve Bank of India (RBI) to urge banks and financial institutions to strengthen their cybersecurity measures.
As India continues to digitise its infrastructure, it has become more vulnerable to cyberattacks. Earlier this year, hackers stole and leaked 7.5 million records from boAt, a leading Indian company that makes wireless audio and wearable devices. This is just one example of how cybercriminals are targeting Indian businesses and institutions.
The RBI has expressed concern about the growing risks in the financial sector due to rapid digitization. In 2023 alone, India’s national cybersecurity team, CERT-In, handled about 16 million cyber incidents, a massive increase from just 53,000 incidents in 2017. Most banks and non-banking financial companies (NBFCs) now see cybersecurity as a major challenge as they move towards digital technology. The RBI’s report highlights that the speed at which information and rumours can spread digitally could threaten financial stability. Cybercriminals are increasingly focusing on financial institutions rather than individual customers.
The public sector, including government agencies, has also seen a dramatic rise in cyberattacks. Many organisations report that these attacks have increased by at least 50%. Earlier this year, a hacking group targeted government agencies and energy companies using a type of malware known as HackBrowserData. Additionally, countries like Pakistan and China have been intensifying their cyberattacks on Indian organisations, with operations like the recent Cosmic Leopard campaign.
According to a report by Cloudflare, 83% of organisations in India experienced at least one cybersecurity incident in the last year, placing India among the top countries in Asia facing such threats. Globally, India is the fifth most breached nation, bringing attention to the bigger picture which screams for stronger cybersecurity measures.
Indian companies are most worried about threats related to cloud computing, connected devices, and software vulnerabilities. The adoption of new technologies like artificial intelligence (AI) and cloud computing, combined with the shift to remote work, has accelerated digital transformation, but it also increases the need for stronger security measures.
Manu Dwivedi, a cybersecurity expert from PwC India, points out that AI-powered phishing and sophisticated social engineering techniques have made ransomware a top concern for organisations. As more companies use cloud services and open-source software, the risk of cyberattacks grows. Dwivedi also stresses the importance of protecting against insider threats, which requires a mix of strategy, culture, training, and governance.
AI is playing a growing role in both defending against and enabling cyberattacks. While AI has the potential to improve security, it also introduces new risks. Cybercriminals are beginning to use AI to create more advanced malware that can avoid detection. Dwivedi warns that as AI continues to evolve, it may become harder to track how these tools are being misused by attackers.
Partha Gopalakrishnan, founder of PG Advisors, emphasises the need for India to update its cybersecurity laws. The current law, the Information Technology Act of 2000, is outdated and does not fully address today’s digital threats. Gopalakrishnan also stressed upon the growing demand for AI skills in India, suggesting that businesses should focus on training in both AI and cybersecurity to close the skills gap. He warns that as AI becomes more accessible, it could empower a wider range of people to carry out sophisticated cyberattacks.
India’s digital growth presents great opportunities, but it also comes with strenuous challenges. It’s crucial for Indian businesses and government agencies to develop comprehensive cybersecurity strategies and stay vigilant.
Traditional cloud security issues once associated with service providers are declining in significance, as per the Cloud Security Alliance's 2024 Top Threats report, However, new challenges persist.
Cloud computing has become an integral part of modern military operations. The IDF relies heavily on cloud-based systems from troop management to logistics, communication, and intelligence gathering. These systems allow for flexibility, scalability, and efficient resource allocation.
However, they also make attractive targets for cyber adversaries seeking to disrupt operations, steal sensitive information, or compromise critical infrastructure.
The Israel Defense Forces' cloud computing network has been subjected to almost three billion cyber attacks since the conflict between Israel and Hamas began on October 7, according to the officer in charge of the military's computer section. However, all of the attacks were detected and did not do any damage.
Col. Racheli Dembinsky, chief of the IDF's Center of Computing and Information Systems (Mamram), made the discovery on Wednesday during the "IT for IDF" conference in Rishon Lezion.
According to Dembinsky, the attacks targeted operational cloud computing, which is used by numerous systems that serve troops on the ground during conflict to communicate information and forces' whereabouts.
Three billion attacks may sound staggering, and indeed it is. These attacks targeted operational cloud computing resources used by troops on the ground during combat. Imagine the strain on the network as thousands of soldiers accessed critical data simultaneously while under fire. Despite this immense pressure, Mamram’s cybersecurity experts managed to fend off every attempt.
Dembinsky did not specify the types of assaults or the level of danger they posed, but she did state that they were all blocked and that no systems were penetrated at any time.
Mamram, the IDF's central computing system unit, is responsible for the infrastructure and defense of the military's remote servers.
Hamas terrorists stormed Israel on October 7, killing over 1,200 people, the majority of them were civilians, and capturing 251. It has also been stated that cyberattacks were launched against Israel on October 7. Dembinsky corroborated this.
While technology played a crucial role, the expertise and dedication of Mamram’s personnel truly made a difference. These cyber warriors worked tirelessly, analyzing attack vectors, identifying vulnerabilities, and devising countermeasures. Their commitment to safeguarding Israel’s digital infrastructure was unwavering.
Since the start of the war, certain cyberattacks have been effective against Israeli civilian computer systems. Iranian-backed hackers targeted the Israel State Archives in November, and it was only recently restored to service. Hackers also successfully targeted the computer systems of the city of Modiin Illit.
Last month, Israel's cyber defense chief, Gaby Portnoy, stated that Iran's cyber attacks have become more active since the commencement of the war, not only against Israel but also against its allies.
In the past ten years, public cloud computing has dramatically changed the IT industry, promising businesses limitless scalability and flexibility. By reducing the need for internal infrastructure and specialised personnel, many companies have eagerly embraced public cloud services. However, as their cloud strategies evolve, some organisations are finding that the expected financial benefits and operational flexibility are not always achieved. This has led to a new trend: cloud repatriation, where businesses move some of their workloads back from public cloud services to private cloud environments.
Choosing to repatriate workloads requires careful consideration and strategic thinking. Organisations must thoroughly understand their specific needs and the nature of their workloads. Key factors include how data is accessed, what needs to be protected, and cost implications. A successful repatriation strategy is nuanced, ensuring that critical workloads are placed in the most suitable environments.
One major factor driving cloud repatriation is the rise of edge computing. Research from Virtana indicates that most organisations now use hybrid cloud strategies, with over 80% operating in multiple clouds and around 75% utilising private clouds. This trend is especially noticeable in industries like retail, industrial sectors, transit, and healthcare, where control over computing resources is crucial. The growth of Internet of Things (IoT) devices has played a defining role, as these devices collect vast amounts of data at the network edge.
Initially, sending IoT data to the public cloud for processing made sense. But as the number of connected devices has grown, the benefits of analysing data at the edge have become clear. Edge computing offers near real-time responses, improved reliability for critical systems, and reduced downtime—essential for maintaining competitiveness and profitability. Consequently, many organisations are moving workloads back from the public cloud to take advantage of localised edge computing.
Concerns over data sovereignty and privacy are also driving cloud repatriation. In sectors like healthcare and financial services, businesses handle large amounts of sensitive data. Maintaining control over this information is vital to protect assets and prevent unauthorised access or breaches. Increased scrutiny from CIOs, CTOs, and boards has heightened the focus on data sovereignty and privacy, leading to more careful evaluations of third-party cloud solutions.
Public clouds may be suitable for workloads not bound by strict data sovereignty laws. However, many organisations find that private cloud solutions are necessary to meet compliance requirements. Factors to consider include the level of control, oversight, portability, and customization needed for specific workloads. Keeping data within trusted environments offers operational and strategic benefits, such as greater control over data access, usage, and sharing.
The trend towards cloud repatriation shows a growing realisation that the public cloud is only sometimes the best choice for every workload. Organisations are increasingly making strategic decisions to align their IT infrastructure with their specific needs and priorities.
In a cutting-edge study by XM Cyber and the Cyentia Institute, a comprehensive analysis has unveiled a startling reality: a staggering 80% of cybersecurity vulnerabilities within organisations stem from issues related to Active Directory. This might sound like tech jargon, but basically, it's a crucial part of how computers in a company talk to each other.
Active Directory functions as the central nervous system of an organisation's digital environment. Its vulnerabilities, often stemming from misconfigurations and attempts to compromise user credentials, pose significant risks. Tools like Mimikatz further exacerbate these vulnerabilities, enabling malicious actors to exploit weaknesses and gain unauthorised access.
Cloud Computing: New Risks, Same Problems
Even though we talk a lot about keeping things safe in the cloud, it turns out that's not always the case. More than half of the problems affecting important assets in companies come from cloud services. This means attackers can jump between regular computer networks and the cloud, making it harder to keep things safe.
Different Industries, Different Worries
When it comes to who's facing the most trouble, it depends on the industry. Some, like energy and manufacturing, have more issues with things being exposed on the internet. Others, like healthcare, deal with way more problems overall, which makes sense since they have a lot of sensitive data. Tailored strategies are essential, emphasising the importance of proactive measures to mitigate risks effectively.
What We Need to Do
Zur Ulianitzky, Vice President of Security Research at XM Cyber, emphasises the need for a holistic approach to exposure management. With a mere 2% of vulnerabilities residing in critical 'choke points,' organisations must broaden their focus beyond traditional vulnerability patching. Prioritising identity management, Active Directory security, and cloud hygiene is vital in making sure our cloud services are safe.
We need to be smarter about how we protect our computer systems. We can't just focus on fixing things after they've gone wrong. We need to be proactive and think about all the ways someone could try to break in. By doing this, we can make sure our businesses stay safe from cyber threats. Only through concerted efforts and strategic investments in cybersecurity can organisations stay ahead of the curve and protect against the ever-present spectre of cyber threats.
The Government Accountability Office (GAO) has called on federal agencies to fully implement essential cloud security practices in order to enhance their cybersecurity posture. In a recent report, the GAO highlighted the importance of adopting and adhering to these practices to mitigate risks associated with cloud computing.
The COVID-19 pandemic has caused a seismic shift in the way we work, with remote work becoming the norm for many organizations. While this has brought numerous benefits, it has also presented new security challenges. In response, companies have turned to remote browser isolation as a solution.
According to the "Innovation Insight for Remote Browser Isolation" report by Menlo Security, remote browser isolation is a rapidly evolving technology that is gaining popularity due to its ability to provide a secure browsing experience. In this blog, we will explore some of the key findings of this report and examine the growing importance of remote browser isolation in today's business landscape.
Amit Jain, who holds the position of Senior Director of Product Management at Zscaler, a cloud-based security company, suggests that due to the increasing number of remote employees utilizing cloud services, browser isolation has become essential in safeguarding both corporate cloud services and the employee's device.
He says, "For modern enterprises, the Internet is now the corporate network. This shift has enabled workers to work from anywhere while being able to access the information they need for their jobs through cloud-based apps and private apps via the Web, while this has provided maximum flexibility to workers, it has also significantly expanded the attack surface and has the potential to expose data."
Mr. Jain from Zscaler said "The technology should be fully integrated into the zero trust platform providing threat protection for all Web activity and preventing data loss from sanctioned SaaS and corporate private apps. Moreover, HTML smuggling [and other] attacks can be better thwarted by an architecture which involves a tighter combination of browser isolation and sandbox technologies."
As cloud usage has increased, browser isolation has become even more important. Cloud services are often accessed through web browsers, and if a user's device is compromised, the sensitive data stored in the cloud is also at risk. However, using browser isolation significantly reduces the risk of a data breach.
Mark Guntrip, senior director at Menlo Security, said "It's not the fact of what we do — it's the fact that we do it without interfering with that digital experience of the end user." So they can interact with whatever they want. They can click on whatever they want, but we hold anything that's active away from them"