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Companies play catch-up as cybersecurity attacks rise in digital India

Bloomberg
Bloomberg • 3 min read
Companies play catch-up as cybersecurity attacks rise in digital India
Ransomware attacks rose 53% in India in 2022, and overall cyberattacks have spiked significantly in the past six months, according to Mandiant. Photo: Bloomberg
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A rise in cyberattacks poses a vital risk to India’s economic ambitions, with industries from manufacturing to pharmaceuticals becoming more vulnerable as they digitise operations, according to a Google subsidiary.

Attacks have spiked significantly in the past six months, said Amit Pradhan, India consulting leader for the cybersecurity firm Mandiant, which is owned by Alphabet Inc.’s Google Cloud. A breach at Suzuki Motorcycle India forced the company to halt production in May, and India’s largest drugmaker said in March a ransomware attack will have an impact on revenue.

“Every company in India wants to go digital,” Pradhan said. “The risks are also rising with it.”

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