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‘Cyber attacks on the rise; 70% of Nifty 50 companies vulnerable’

‘Cyber attacks on the rise; 70% of Nifty 50 companies vulnerable’

Increased technology usage and digitization of the economy have escalated cyber attacks in India, and nearly 70% of Nifty 50 companies are vulnerable to hackers, reveals a PwC survey.

According to the report, out of the 50 companies studied, 34 (or 68%) had identified vulnerabilities in at least one or more of their Internet-facing properties.

The PwC survey about transgressions in Asia cyberspace of these companies further said, 525 email addresses belonging to the 34 companies were compromised, meaning hackers had access to those email addresses.

“Cybersecurity is no more restricted to CIOs (Chief Information Officers) or Chief Security Officers (CSOs) but needs serious attention of the higher management,” Mr. Sivarama Krishnan, Leader, Cyber Security, PwC India said.

Furthermore, 200 IP addresses belonging to the 34 companies were banish by various ISPs, implying that the ISPs found these IPs to be involved in spreading malicious traffic on the net, sending spam emails, or acting as a botnet in large cyber attacks, the report noted.

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