India Ranks 2nd In Cloud Hacking, Govt Most Targeted Industry By Ransomware

India now ranks second only to the United States in terms of cloud security concerns, followed by Australia, Canada, and Brazil, and malware was the most frequently employed approach in reported instances.

With the transition to a more flexible pandemic workforce, cyber criminals have brought new and updated threats and strategies in campaigns targeting key sectors such as government, financial services, and entertainment.

According to McAfee Enterprise’s ‘Advanced Threat Research Report: October 2021,’ the government was the most targeted sector in Q2 2021, with a 64% increase in publicly disclosed cyber incidents.

“Ransomware has evolved far beyond its origins, and cybercriminals have become smarter and quicker to pivot their tactics alongside a whole host of new bad-actor schemes,” said Raj Samani, McAfee Enterprise fellow and chief scientist.

“Names such as REvil, Ryuk, Babuk and DarkSide have permeated into public consciousness, linked to disruptions of critical services worldwide,” he added.

In the second quarter of 2021, the government was the most targeted industry by ransomware, followed by telecom, energy, and media & communications.

Spam had the greatest rise in reported events (250%) from Q1 to Q2 2021, followed by Malicious Script (125%), and Malware (47%).

Among the reported cloud events, financial services were the most targeted, followed by healthcare, manufacturing, retail, and professional services.

“The United States had the most reported events in the second quarter, while Europe had the biggest increase in reported occurrences in the second quarter, with a 52 percent increase,” according to the report.

Following the attack on the Colonial Pipeline, ransomware became a high-profile cyber agenda topic for the US administration in the second quarter of 2021.

“In the second quarter of 2021, we continued to observe the challenges of moving cloud security to suit a more flexible pandemic workforce and higher workload, which provided attackers with more possible exploits and targets,” according to the research.

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