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Accordingly banking and finance, government and critical infrastructure were among the most targeted sectors in india by cyber criminals in 2018-19, according to tech major Cisco. Also, about 26 per cent of these overall attacks cost organizations in the country upwards of $5 million each.
"The hackers are persistent, and their campaigns are much targeted. We have found that sectors like banking and finance (20.1 per cent), government (19.6 per cent) and critical infrastructure (15.1 per cent) were among those that continue to face the highest threat of cyber attacks," Cisco india and SAARC Director (Security business) Vishak Raman told PTI. He added that cyber criminals are also increasingly targeting sectors like defense (15.1 per cent), IT, telecom and healthcare.
He said "They are using a host of mechanisms like point of sale attacks to target sectors like retail, hospitality, entertainment and e-commerce. Ransomware are used to attack public sector entities, transportation as well as banking and finance verticals". Raman cited an Asia-Pacific Security Capabilities Benchmark Study conducted by Cisco that found 21 per cent respondents saying cost of breach for them was between $5-9.9 million, while another 5 per cent said it was more than $10 million for them.