Indian firms lost $52.9 million (Rs 328 crore) as a results of phishing attacks in the third quarter
Indian firms lost $52.9 million (Rs 328 crore) as a results of phishing attacks within the third quarter, in step with a report by security software maker RSA’s anti-fraud command centre. Phishing refers to cyber criminals sitting as legitimate entities to extract usernames and passwords for bank accounts, which may then be used to defraud the user. The tactic typically used is emails that seem to come back from sources like banks or brokerages or typically even colleagues and friends, whose accounts are compromised. Indian brands were the third-most heavily targeted within the world, drawing seven-membered of the attack volume within the third-quarter. within the half of the year, Indian brands drew 5-hitter of the attack volume, in step with RSA.