Indian firms concerned over rising cyberattacks from China

Cyberattacks from China are an increasing worry for Indian companies amid a warning by experts that the rapid spread of digital technology following the outbreak of the coronavirus pandemic is leading to a rise in ransomware and phishing.

India has been the worst-hit by ransomware in the Asia Pacific region this year, with 74% companies coming under such attacks, compared to Australia (67%), Japan (52%) and Singapore (46%).

More than a third of Indian organizations have paid $1-$2.5 million as a result of malware attacks in the last year, according to the findings of a 2020 ‘global security attitude survey’ by US-based cybersecurity technology company CrowdStrike.