India sees large rise in cybercrime: ASSOCHAM-PwC study
- Published: Tuesday, 30 August 2016 08:24
In India there has been a surge of approximately 350 percent in cybercrime cases registered under the Information Technology (IT) Act, 2000 from the year of 2011 to 2014, a recent ASSOCHAM-PwC joint study reports.
The Indian Computer Emergency Response Team (CERT-In) has also reported a surge in the number of incidents handled by it, with close to 50,000 security incidents in 2015.
The study, entitled ‘Protecting interconnected systems in the cyber era,’ conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM) jointly with PwC, highlights that operational systems are increasingly subject to cyberattacks, as many are built around legacy technologies with weaker protocols that are inherently more vulnerable. The continued and regular sharing of cyber security intelligence and insights is essential to improving the resiliency of these systems and processes from emerging cyber risks.