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    Cybercrime Presents Major Threat for Indian Businesses - Survey

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    The majority of Indian executives believe cyber-attacks could seriously damage their business, The Times of India reported Monday citing the KPMG Cybercrime Survey 2014.

    MOSCOW, July 21 (RIA Novosti) - The majority of Indian executives believe cyber-attacks could seriously damage their business, The Times of India reported Monday citing the KPMG Cybercrime Survey 2014.

    “Businesses have increasingly embraced the Internet for seamless delivery of products, services and to help reduce costs. However, with the leverage of technology comes the risk of cybercrime,” said Sandeep Dhupia, Partner and Head Forensic services at KPMG in India, as quoted by The Times of India.

    About 51% of the 170 participants surveyed consider themselves an easy target for cyber-attacks. Out of these 51%, about 68% claimed to be monitoring cybercrime threats on a daily basis.

    37% of the respondents believed that cyber-attacks originated from the outside.

    Financial services sector is perceived to be as most prone to cybercrime, followed by communications, entertainment and infrastructure industries.

    According to the survey, the root cause of most cyber-attacks is monetary gain. Until recently, cyber-attacks have been carried out to showcase the hackers’ skills. These attacks were rarely malicious but have gradually evolved into cybercrime aimed at money theft.

    Tags:
    cyber-attacks, hackers, cybercrime, Internet, money theft
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