The Alarming Case of Cyber Security

On the eve of the 2023 G20 New Delhi summit in the national capital, the Delhi Police's website crashed amidst live cybersecurity threats. As per Threat intelligence platform Falcon Feed, the Pakistan based “Team Insane PK hackers group" claimed to have targeted the website. Falcon also posted a screenshot of the Telegram chat confirming the news. Fortunately, the Delhi Police website was restored after a brief 10-minute disruption. The surge in the number of cases is alarming.

According to a recent analysis by Check Point Software Technologies Ltd., the first quarter of 2024 witnessed a

28 percent increase over the previous quarter. The study further reveals that Indian organizations experienced an average of 2,807 cyberattacks weekly during this period, constituting a 33 percent escalation compared to the same quarter in the previous year. This alarming uptick positions India among the most heavily targeted countries globally in terms of cyber threats. The increasing cyber threat landscape takes it a bit far, making it almost inevitable to amass all the help you can get. This challenging scenario often calls for help from third-party technology experts with advanced threat intelligence and automated response tools at their disposal.

According to a new report by marketsandmarkets.com, the global cybersecurity market size is expected to grow from $173.5 billion in 2022 to $266.2 billion by 2027, at a CAGR of 8.9 percent. The trends driving the cyber security market include the growing adoption of IoT security solutions, the adoption of cloud-based cyber security solutions, and increased BYOD trends. Ensuring zero-trust policies and creating awareness among end-point users only make up the basic necessity for organizations to secure their future. On this note, we present our monthly special issue.