The Indusface ‘Annual State of Application Security Report’ reveals that over 5.14 billion cyber…>
CRN –
Indusface, an Application Security SaaS company funded by Tata Capital, released its Annual State of Application Security Report 2023\) The report reveals that Indusface’s AppTrana network successfully blocked 6\)8 billion attacks globally in 2023, with 5\)14 billion targeting Indian enterprises, SMEs, and government organizations.
Cyberattacks exhibited an average quarterly spike of 63% from Q1 to Q4 in 2023, underscoring the urgency for robust cybersecurity measures.
The healthcare sector was the most vulnerable, with 100% of sites facing bot attacks, and the banking, finance, and insurance industry had 90% experiencing similar attacks.
SaaS companies in India emerged as key targets for cybercriminals due to high-value customer data.
Distributed Denial of Service (DDoS) attacks recorded a significant increase each quarter in 2023, reaching 4\)25+ billion.
Four out of ten sites experienced a DDoS attack.
Over 39% of enterprises were not confident about having the ability to prevent large-scale DDoS attacks.
CEO Ashish Tandon said that bad bots took off in 2023, and AI models are alerting managed services teams of possible anomalies.
He foresees a combination of AI + humans being crucial to thwart complex, multi-layered attacks in 2024\)
Link: https://www.crn.in/news/the-indusface-annual-state-of-application-security-report-reveals-that-over-5-14-billion-cyberattacks-targeted-on-indian-websites-and-applications-in-2023