Kaspersky flags cyber threats to Digital India

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Kaspersky flags cyber threats to Digital India Singapore: India is one of the countries being largely targeted by cyber criminals, experts from Russian antivirus and cyber security firm Kaspersky Lab said at the Interpol World 2017 conference in Singapore.

“Countries like India are developing so fast, it opens the doors for more cyber attacks,“ said Stephan Neumeier, managing director of Kaspersky Lab Asia Pacific, at the conference in Singapore’s Suntec City on Thursday.

“While India’s economy is growing fast, more people are getting access to the internet, large cities have 4G and Android devices are becoming popular. People need to be educated about antivirus solutions, and be made aware about not falling for phishing attacks,“ he said.

India and several south Asian countries, including Bangladesh, Philippines, etc are at threat, the cyber security experts said. While India was not massively hit by the recent WannaCry ransomware and Petya cyber attacks, it did see some incidents, especially when one of the three terminals in Mumbai’s Jawaharlal Nehru Port Trust (JNPT) came to a halt because of the Peyta attack.

Internet security solutions firm Symantec recently said India was among the top ten countries to be impacted by the attack.

“There were some instances of ransomware attacks in India, while we perceive that banks are also at threat in the country,“ said Vitaly Kamluk, director of global rese arch and analysis team for Apac at Kaspersky.

Kaspersky Labs discussed how countries such as Bangladesh have been targeted by cyber criminals, especially during the recent bank heist when hackers made away with $81million, since the security was vulnerable.

“National and critical security is important, and countries which do not invest into it will be hit,“ said Eugene Kaspersky, CEO, Kaspersky Lab. Cyber crime costs the world $450 billion per year, Kaspersky said citing reported estimates.

The Russian company also announced that it has developed an open-sourced digital tool called BitScout to remotely collect cyber attack evidence which will allow investigators and law enforcement authorities to analyse the data without tampering the source data.