Dark corners of digital world: Virtual extortion, identity theft, online bullying

Oct 28 2013, 13:25 IST
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India is among the world’s top five countries for the highest number of incidences of cybercrime. India is among the world’s top five countries for the highest number of incidences of cybercrime.
SummaryLike it or not, cyber threat landscape is evolving faster than security teams can manage.

The Indian workplace is going through a remarkable change, driven by the innovation in consumer technology, mobility and network infrastructure. The present-day office is increasingly seeing new technologies change the behaviours of its employees, with the experience provided by the devices used in living rooms across the country being expected in the office as well as at home.

Like it or not, but the cyber threat landscape too is evolving faster than security teams can manage, causing many enterprises to dramatically increase headcount and training programmes. Recently, the American IT major Hewlett-Packard (HP) announced new and enhanced solutions that help enterprises disrupt the life cycle of a cyber attack and improve the overall effectiveness of security operation teams through accelerated big data analytics and real-time, application-level threat detection.

New HP ArcSight solutions identify and prioritise threats faster, combine security intelligence with business intelligence, and close potential blind spots at the application layer, giving customers greater control over their security environments. More on the benefits of the security solutions later, first a look at the pitfalls of leading a digital lifestyle; Indians continue to be impacted by ransomware, identity theft and phishing incidences.

India, according to IT security firm Symantec, is among the world’s top five countries for the highest number of incidences of cybercrime such as ransomware (11%), identity theft (11%), and phishing (9%). With cyber criminals becoming more sophisticated and targeted, the average cost per cybercrime victim in India is up at $207 from $192 last year, says a Norton report. The Norton report is claimed to be one of the world’s largest consumer cybercrime studies, based on self-reported experiences of more than 13,000 adults across 24 countries, aimed at understanding how cybercrime affects cunsumers, and how the adoption and evolution of new technologies impacts consumers’ security.

“At first glance of the India findings, we were happy to see a significant drop from last year in the total number of victims and total cost of cyber crime, but a closer scrutiny revealed an alarming trend,” said Ritesh Chopra, country manager, Norton by Symantec. “Today’s cyber criminals are using more sophisticated attacks, such as ransomware and spear-phising which yield them more money per attack than ever before. With 66% of Indians using their personal mobile device for both work and pay, this creates entirely new security risks for enterprises as cyber criminals have the potential to access even more valuable information.”

India’s internet population is

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