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Heavy Cyber Attacks From Russia, US, China In India

These honeypots are developed to deceive even elite hackers and appear to be serving a specific purpose or organisation.

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A man holds a laptop computer as cyber code is projected on him in this illustration picture. VOA

India has been the target of over 4.3 lakh cyber attacks from five countries including China, Russia and the US while more than 73,000 attacks were initiated from India between January and June this year, says a Finnish cybersecurity company.

According to F-Secure’s honeypot data, Russia, the US, China, the Netherlands and Germany targeted India with 436,090 attacks. This is nearly 12 times more than which originated from India.

Honeypots are basically decoy servers that emulate the real IT environment of a business enterprise.

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Due to its nature, the chip is physically unclonable and can, thus, render the device invulnerable to hijacking, counterfeiting or replication by cyber-criminals. Pixabay

Russia accounted for most cyber attacks on India (255,589), followed by the US (103,458), China (42,544), the Netherlands (19,169) and 15,330 attacks from Germany.

On the other hand, the top five countries that were targeted by Indian cyber attackers were Austria, the Netherlands, the UK, Japan, and Ukraine — a total of 36,563.

F-Secure gave the break-up: Austria (12,540), the Netherlands (9,267), the UK (6,347), Japan (4,701) and 3,708 attacks targeted Ukraine’s businesses.

“The relatively higher number of inbound attacks on Indian honeypots reflects how the fast-digitising country is becoming more lucrative for global cyber criminals,” Leszek Tasiemski, Vice President of cyber security products R&D at F-Secure, said in a statement on Sunday.

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Experts: Cyber attacks Growing Increasingly Sophisticated. Pixabay

“We are gathering and analysing all the pertinent data to ensure that our customers stay protected given the dynamically evolving threat landscape,” he added.

To track these cyber attacks, F-Secure has deployed 41 honeypots across the globe.

“Our public honeypots are a valuable source of threat intelligence and an integral part of the infrastructure that powers our various security offerings, including our Rapid Detection and Response Service,” Tasiemski said.

Honeypots are set up explicitly to grab attention of attackers. They are used to gain critical insights on attack types, popular targets, sources, volume and TTPs (Tactics, Techniques and Procedures).

Such insights are collected by deliberately allowing potential attackers to gain unauthorized access to the emulated services of a server and then studying the attack path to the point that the attacker realizes it is a honeypot, F-secure said.

Also Read: U.S. Government Warns People Against China-Linked Hacking Group

These honeypots are developed to deceive even elite hackers and appear to be serving a specific purpose or organisation.

They enable F-Secure to collect the latest malware samples or shell scripts and new hacking techniques.

The research data is then processed to further benefit F-Secure customers via product enhancements and threat intelligence reports. (IANS)

Next Story

Chinese Police Catches Hold of $1.5 Billion Money in Online Lending Scandal

The internet has helped financial platforms attract money from financial novices with little knowledge of the risks involved.

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Chinese policemen watch as depositors from Ezubao gather outside the State Bureau for Letters and Calls Reception Division office in Beijing, Jan. 1, 2016. China's policy ministry says it investigated 380 online lenders following an avalanche of scandals. VOA

Chinese police have investigated 380 online lenders and frozen $1.5 billion in assets following an avalanche of scandals in the huge but lightly regulated industry, the government announced Monday.

Beijing allowed a private finance industry to flourish in order to supply credit to entrepreneurs and households that aren’t served by the state-run banking system. But that threatens to become a liability for the ruling Communist Party after bankruptcies and fraud cases prompted protests and complaints of official indifference to small investors.

The police ministry said it launched the investigation because person-to-person, or P2P, lending was increasingly risky and rife with complaints about fraud, mismanagement and waste.

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The police ministry said it launched the investigation because person-to-person, or P2P, lending was increasingly risky and rife with complaints about fraud, mismanagement and waste. Pixabay

The ministry gave no details of arrests but said more than 100 executives were being sought by investigators and some had fled abroad. It said authorities seized or froze 10 billion yuan ($1.5 billion) but gave no indication how much might be returned to depositors.

Police say some lenders and investment vehicles were brazenly fraudulent, while others collapsed after inexperienced founders failed to manage risk.

Monday’s statement said P2P lenders were investigated for complaints including wasting money, reporting phony investment plans and using illegal tactics to raise money.

Lending through online platforms grew by triple digits annually until 2017 when regulators tightened controls.

Depositors lent 1.9 trillion yuan ($280 billion) last year, but that was down by 50 percent from 2017, according to the Shenzhen Qiancheng Internet Finance Research Institute.

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The internet has helped financial platforms attract money from financial novices with little knowledge of the risks involved. Pixabay

The outstanding loan balance stood at 1.2 trillion yuan ($177 billion) at the end of 2018, down 25 percent from a year earlier, according to Diyi Wangdai, a web site that reports on the industry.

P2P lenders are part of a privately run Chinese finance industry the national bank regulator estimated in 2015 had grown to $1.5 trillion.

The internet has helped financial platforms attract money from financial novices with little knowledge of the risks involved.

Many lend to factories and retailers or invest in restaurants, car washes and other businesses. But inexperience and poor risk control means a downturn in business conditions can bankrupt them.

Also Read: Sales of Smart Feature Phones Expected To Be About $28 Billion Over Next Three Years

Finance as a whole has come under tougher scrutiny after a 2015 plunge in stock prices led to accusations of insider trading and other offenses.

In one of China’s biggest financial scams, authorities say depositors lost 50 billion yuan ($7.7 billion) in online lender Ezubo before it was seized by regulators in 2015.

The founder and his brother were sentenced to life in prison in 2017. (VOA)