SEARCHED FOR: WannaCry

India was the 5th most affected country by WannaCry ransomware, said a report from cybersecurity vendor F-Secure. The report said that ransomware attacks grew in volume by over 400 percent in 2017 compared with the previous year.

Ransomware is a type of malware from cryptovirology that threatens to publish the victim's data or perpetually block access to it unless a ransom is paid

While the growing digitisation is driving the demand for cybersecurity solutions, there is a significant dearth of skilled cybersecurity experts in the jobs market.

In another major incident in 2018, cash was taken from ATMs in 23 separate countries. To date, the Lazarus FASTCash operation is estimated to have stolen tens of millions of dollars.

Business leaders are becoming increasingly conscious of the impact cybersecurity can have on business outcomes.

Cyber Security has always been discussed but never given the importance that it deserves in the boardroom. However the situation seems to be changing post 2017, which saw cyber breaches of global scale and magnitude.

There are a good number of large infrastructure projects in the pipeline, these projects will drive massive growth in India, which in turn will drive growth in managed cybersecurity services.

Network Security - With the prospects of new technologies like Artificial Intelligence, Machine Learning, Big Data Analytics and the Internet of Things, there’s also increasing risk of confidential data being maliciously collected, stored and disseminated.

With bigger screens & investments, come bigger risks, where the loss or damage smartphone, can cause serious disruptions in day-to-day lives

The health and public sectors accounted for more than 40% of total cybersecurity incidents in Q3 of 2017, said McAfee Labs Threat Report: December 2017