Fortinet announced the findings of its latest Global Threat Landscape Report covering Q4 2016. The research reveals that 50% of malware exploits in India occurred in the last 3 months of 2016. With India moving towards a cashless digital economy the last two weeks in December, 2016 recorded a very high level of threat activity which interestingly was not observed globally. The most attacked industry was Banking & Finance which received 15 times more hits than the second-placed Information Technology industry.
The research also reveals the methods and strategies cybercriminals employed in detail and demonstrates the potential future impact to the digital economy. The question, “What’s my biggest threat?” remains difficult to pinpoint as old threats resurface, but new, automated and high-volume attacks arise.
Michael Joseph, Regional Director – System Engineering, India & SAARC at Fortinet, said, “The cybersecurity challenges facing organizations today are complex with a threat landscape that is rapidly evolving. Threats are intelligent, autonomous, and increasingly difficult to detect, with new ones emerging and old ones returning with enhanced capabilities. In addition, the accessibilty of threat creation tools and services combined with the reward potential is driving the growth of the global cybercrime market into tens of billions of US dollars. To protect themselves, CISOs need to ensure that the data and security elements across all of their environments and devices are integrated, automated, and able to share intelligence, across an organization, from IoT to the cloud.”