Companies play catch-up as cybersecurity attacks rise in digital India

Ransomware attacks, where a hacker encrypts files and demands a ransom payment, rose 53% in India in 2022, according to a report by CERT-In, the country’s agency for cyberthreats. — AFP Relaxnews

A rise in cyberattacks poses a vital risk to India’s economic ambitions, with industries from manufacturing to pharmaceuticals becoming more vulnerable as they digitise operations, according to a Google subsidiary.

Attacks have spiked significantly in the past six months, said Amit Pradhan, India consulting leader for the cybersecurity firm Mandiant, which is owned by Alphabet Inc’s Google Cloud. A breach at Suzuki Motorcycle India forced the company to halt production in May, and India’s largest drugmaker said in March a ransomware attack will have an impact on revenue.