As per the investigations, the ongoing fraud came to light after a complaint that some individuals had allegedly hacked into the six-year-old firm's payment gateway, and the funds were then transferred to at least 260 different bank accounts.

In its latest advisory, India's federal cybersecurity agency warned of a ransomware called 'Akira' that steals vital personal information and encrypts data leading to extortion of money from people.

the percentage of manufacturing organizations that used back backups to recover data has increased, with 73% of the manufacturing organizations surveyed using backups this year versus 58% in the previous year.

The accounts of the system administrator and database administrator were also compromised along with 11 other accounts and several gadgets used by the IIB staff, police said.

Earlier, the same group targeted airport websites in Hyderabad, New Delhi, Cochin, Goa, and the Airports Authority of India. The group claimed the attacks were carried out on IRCTC and income tax websites as well.

Stress testing involves simulating different types of attacks that hackers might use to breach a system, including distributed denial of service (DDoS) attacks, brute force attacks, SQL injections, and other types of exploits.

Scammers manipulate search engine business listings, bid for digital ads displaying fake numbers, and place phishing links in the comment section of websites like Quora or business ratings to trap customers into calling phony customer care numbers.

India recorded a total virus count of 37,697,022, which was over 4,18,000 viruses per day in Q4 of 2022, a new report showed on Monday. According to Fortinet, India alone accounted for 5.81% of the global virus count deducted in the previous quarter.

The Asia-Pacific region retained the top spot as the "most attacked" region in 2022 for the second consecutive year, accounting for 31 percent of all cybersecurity incidents remediated worldwide, a new report by IBM X-Force revealed on Wednesday.

Speaking at the 17th India Digital Summit, organized by the IAMAI in partnership with Google and MessageBird, Dr. Pant emphasized that cybersecurity must never be compromised and that companies must invest in it to meet the challenges of the future.