India see a 11 percent increase in Malware attacks: Reports

Malware attacks grew to 13,44,566 in 2024 from 12,13,528 in 2023, as noted in the 2024 SonicWall Mid-Year Cyber Threat Report.

New Delhi: Malware attacks in India increased by 11 percent and ransomware cyber attacks rose by 22 percent in 2024, according to a report by SonicWall said.

Malware attacks grew to 13,44,566 in 2024 from 12,13,528 in 2023, as noted in the 2024 SonicWall Mid-Year Cyber Threat Report. Attacks on the Internet of Things (IOT) jumped by 59 percent, reaching 16,80,787 in 2024 from 10,57,320 in 2023.

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The report also highlighted a 22 percent increase in ransomware attacks and a significant 409 percent rise in crypto attacks.

“Organizations today confront a dynamic threat landscape where threat actors continually innovate to outpace enterprise defenses,” SonicWall Vice President, APJ Sales Debasish Mukherjee said.

At least 12.6 per cent of an organization’s annual revenues were at risk to cyber threats as businesses endured on average 1,104 hours of critical attacks during a span of 880 working hours, the report said.

Cyber security measures protected businesses from a potential of 46 days of downtime.

The report stated that a total of 78,923 never-before-seen malware variants were identified in the first five months of 2024. “The threat landscape remains complex, with over 500 strains of new variants discovered each day,” it said.

Globally, total malware volume rose 30 per cent in the first half of 2024, seeing a massive 92 per cent increase in May alone, it said. Cryptojacking dropped 60 per cent in most parts of the globe, with the exception of India, it added.