Page 14 - DATA BREACH EDITION - SNS INDIA

Aviation

India's 2nd largest Airline operator SpiceJet was
affected by ransomware in May 2022, and many of the
flights got canceled, disrupting their business
operations. SpiceJet was forced to suspend flights
which resulted in delays.
The newest Indian Airline, Akasa Air, faced a Data
breach in Aug 2022, where its user information, such as
name, email ID, phone numbers, travel info, payment
info, etc., was compromised. All this personal
information was available for unauthorized users to
view.

BFSI

The BFSI industry is the most prone to Cyberattacks as
financial gain is the ultimate reward.
India's BFSI sector was Asia's top target for Cybercriminals.
Cybercriminals used Trojans, Ransomware, Botnets, DDoS
attacks, Phishing & Spear-phishing as attack vectors.

According to CloudSEK, the Indian BFSI sector recorded
283 Cyber incidents in Q1 of 2022, as compared to 469
Cyber incidents in 12 months in 2021.
According to an Indusface report, 51 % of Indian Insurance
sites suffered from DDoS attacks.

A total of 49,844,877 cyberattacks were recorded on 114
insurance sector websites. On average, insurance sector
applications faced 430,000 attacks each, which is close to
the overall average of 450,000 attacks per app across all
industries, according to the Indusface report.

Manufacturing

Industrial companies like chemical processing,

engineering, and manufacturing paid the highest for data
breaches.

In the first quarter of 2022, approximately 304 Indian
accounts were being breached by the minute. As of
August 2022, India's data breach rate was a staggering
740% higher than in Q1, which is alarming.

51% of manufacturing companies in India faced a cloud
infra cyberattack, as per Netwrix 2022 CSR report.

March 2023