Frequency of cyber attacks up by 23 per cent in India in a year: KPMG report

A recent report, prepared by top international consultants, KPMG, has said that an alarming 72 per cent of company leaders in India, up from 49 per cent a year ago, have said that they have faced “some sort of a cyber attack over the past year, indicating an increase in the volume of attacks.”
The sharp 23 per cent rise in the number of respondents pointing towards cybercrime on companies, however, is not the only cause of concern. The report, titled “Cybercrime Survey Report 2015”, says that “Cyber incidents have not only risen sharply in 2015, the trend is more towards cybercrime with financial motives.”
Thus, while this year 63 per cent respondents said that cybercrime has led to financial crime, about the same numbers, 65 per cent, say it has been carried out to target financial gains. A similar report a year ago said that 45 per cent respondents — about 20 per cent less — thought cybercrime was carried out to target financial loss.

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