Cybercriminals launched an average of nearly 9,000 online attacks targeting Indian businesses per day in 2023, a new report revealed on Monday.

According to the cybersecurity company Kaspersky, more than three million web threats have been detected and blocked for businesses in India from January to December, a 47 percent jump compared to the numbers detected in 2022.

“With the local government ramping up efforts to bolster the local digital economy and infrastructure, Indian businesses should prioritize strengthening their cyber defenses against lurking online threats,” said Jaydeep Singh, General Manager for India at Kaspersky.

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“Failing to do so risks undermining their ability to fully harness the benefits of digitalization. Now is the time to take proactive measures and safeguard against potential cyber threats,” he added.

Web-based threats or online threats are a category of cybersecurity risks that may cause an unwanted event or action via the internet.

Web threats are made possible by end-user vulnerabilities, web service developers/operators, or web services themselves, the report added.

“In 2024, it’s imperative for businesses to elevate their cybersecurity efforts to new heights. Gone are the days when basic firewall and endpoint solutions sufficed,” Singh said.

He also mentioned that with organizations handling huge amounts of data and the potential for significant reputational and financial damages from cyberattacks, “now is the time for an adaptive and intelligence-led approach to security solutions and services”.

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