Around 9 out of 10 BFSI sites experienced bot attacks across the world, the report found out.

Photo: Bloomberg2 min read Last Updated : Jun 17 2024 | 10:22 PM IST A massive jump of 261 per cent in cyberattacks was witnessed by Indian websites in the first quarter of calendar year (CY) 2024, compared to Q1 of CY23, according to a report released on Monday by application security firm Indusface.

Globally, the rise during the same period was 76 per cent. The report titled “State of Application Security by Indusface” revealed that power and energy companies faced up to 500 times higher number of attacks than the industry average, said the report. "A 2.5-time increase in attacks on Indian applications is a matter of great concern.

Compared to last year, we are also seeing more attacks on unregulated industries such as power and manufacturing.

Consistent with global trends, DDoS (Distributed Denial-of-Service) and bot continue to be the top two threat vectors employed by attackers in India,” said Ashish Tandon, Founder and CEO, Indusface. According to the report, DDoS attacks increased by 76 per cent in the first three months of 2024, compared to the same period of the previous year.

DDoS is a cyberattack methodology where the attacker floods a server with internet traffic to prevent users from accessing connected online services and sites. “Bot attacks are spreading rapidly, with 100 per cent healthcare apps and 90 per cent Banking, Financial Services and Insurance (BFSI) sector apps witnessing the same throughout the quarter.

Overall, bot attacks rose 147 per cent compared to Q1 CY23,” said the report. Around 9 out of 10 BFSI sites experienced bot attacks across the world, the report found out.Unsafe zone  Top 5 attack-originating countries: India, United States, United Arab Emirates, Germany, Hong Kong Top DDoS attack-origin countries were India,  United States, Hong Kong and Netherlands. Power and energy companies faced up to 500 times higher number of attacks than the industry average Banking and finance sectors faced 4x higher encoding attacks 100% of healthcare sites witnessed a bot attack in Q1CY24 DDoS attacks rose by 76% in Q1CY24 compared to Q1 CY23First Published: Jun 17 2024 | 5:33 PMIST