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News: India launches first Digital Threat Report 2024 to support cyber security in the Banking, Financial Services and Insurance (BFSI) sector. Digital Threat Report 2024.
About Digital Threat Report 2024
- This Report is a comprehensive analysis of current and emerging cyber threats and defense strategies.
- Developed by: It is developed through collaboration between the SISA (Strategic Information Services Agreement), a global cybersecurity company, the Indian Computer Emergency Response Team (CERT-In, Ministry of Electronics and IT (MeitY) and the Cyber Security Incident Response Team for the Financial Sector (CSIRT-Fin).
- Aim: This initiative aims to support India’s Banking, Financial Services, and Insurance (BFSI) sector in strengthening their defences and building long-term cyber resilience with the rapid digitisation of financial services.
Key Highlights of the Report
- The Report Identifies Sector-wide security gaps and emerging cyber risks, empowering BFSI institutions to strengthen defenses.
- Shift towards social engineering and credential theft: A notable trend has been the rise of social engineering, with Business Email Compromise (BEC) and sophisticated phishing campaigns dominating the threat landscape.
- Increase in supply chain and third-party attacks: Supply chain vulnerabilities remained a prominent attack vector for the digital payments industry in 2024.
- Exploiting weak links: Organizations with inadequate cloud configurations or insufficient security controls are becoming prime targets for cyberattacks.
