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Here’s Why Your Smartphone is on High Hacking Risk This Year

Ninety-five per cent of cybersecurity breaches are expected to arise due to human error

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Smartphone
With 5G and Internet of Things (IoT) devices arriving on the horizon, data speed will increase but the speed of cyber attacks would also rise-especially on Smartphone, said the report from leading accounting and consulting firm Grant Thornton. Pixabay

There was 54 per cent increase in data breaches in 2019 as compared to 2018 and 2020 will see significant rise in the number of Smartphone-focused malware and banking Trojans, a new report has predicted.

With 5G and Internet of Things (IoT) devices arriving on the horizon, data speed will increase but the speed of cyber attacks would also rise, said the report from leading accounting and consulting firm Grant Thornton.

“Threat actors are expected to deploy advanced Artificial Intelligence (AI)-led attacks to boost the speed and impact of their campaigns. IoT will throw new challenges to data security,” said the report titled ‘Cyber Trends in 2019 and Predictions for 2020’.

“Cyber attacks are on the rise and will continue to rise. It’s not a matter of if but a matter of when. A framework-driven approach with continuous monitoring will help companies mature their cybersecurity posture and address incidents proactively,” said Akshay Garkel, Partner, Cybersecurity & IT Risk Advisory, Grant Thornton India LLP.

According to the report, cybersecurity incidents including cyber bullying have skyrocketed by more than six times from the last year and data analytics will be critical to predict crime patterns and to reduce cybercrimes.

The report expects the number of smartphone users in India to reach 673 million this year.

“Ninety-five per cent of cybersecurity breaches are expected to arise due to human error. Human-centric security continues to be a major concern and requires people-centric solutions as well as technology,” the findings showed.

Smartphone
There was 54 per cent increase in data breaches in 2019 as compared to 2018 and 2020 will see significant rise in the number of Smartphone-focused malware and banking Trojans, a new report has predicted. Pixabay

In 2019, 4.3 billion estimated records were breached as 34 per cent of reported cybersecurity breaches involved internal actors.

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“Every 14 seconds, a ransomware attack was carried out on companies in 2019 while 71 per cent of reported breaches were financially motivated,” the report said. (IANS)

Next Story

India Becomes the Second Largest Smartphone Market After China: Report

India surpasses US to become 2nd largest smartphone market

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The Indian smartphone market surpassed the US for the first time on an annual level. Pixabay

New Delhi: Riding on Chinese brands, the India smartphone market surpassed the US for the first time on an annual level and this is the latest science and technology news, becoming the second-largest smartphone market after China globally — reaching 158 million shipments in the calender year 2019 with 7 per cent (YoY) growth, a report from Counterpoint Research said on Friday.

While Xiaomi continued to be the top player with 28 per cent market share in the calendar year 2019, Samsung was second with 21 per cent and Vivo at 16 per cent market share, said Counterpoint’s ‘Market Monitor’ service.

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India has now become the second-largest smartphone market after China globally. Pixabay

“Although the rate of growth for smartphone market hit single digit for the first time ever on an annual basis, India is underpenetrated relative to many other markets with 4G penetration in terms of subscribers being around 55 per cent,” said Tarun Pathak, Associate Director, Counterpoint.

“Chinese brands share hit a record 72 per cent for the year 2019 as compared to 60 per cent share a year ago.

“This year, we have seen all major Chinese players expanding their footprint in offline and online channels to gain market share. For instance, Xiaomi, realme, and OnePlus have increased their offline points of sale while brands like Vivo have expanded their online reach with Z and U series,” said Anshika Jain, Research Analyst at Counterpoint.

Over the past four years, Xiaomi, Vivo, and OnePlus have grown 15 times, 24 times and 18 per cent, respectively.

“This highlights that OEMs are mature enough to capture next wave of growth and expand their operations in India,” Jain added.

Smartphone
Although the rate of growth for smartphone market hit single digit for the first time ever on an annual basis, India is underpenetrated relative to many other markets with 4G penetration in terms of subscribers being around 55 per cent. Pixabay

Samsung shipments remained almost flat (YoY) while it has shown a 5 per cent (YoY) decline in 2019.

“This is for the first time Samsung transitioned to a completely new portfolio targeting different channels (offline with A series and online with M series). However, it needs to double down its efforts to keep the momentum going,” the report noted.

While the smartphone market registered YoY growth, the feature phone market witnessed a steep decline of nearly 42 per cent YoY in 2019 and 38 per cent (YoY) in Q4 2019.

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“This is due to slowdown in the new shipments from Reliance Jio. However, the players such as itel, Lava, Nokia and Micromax registered positive annual
growth despite the overall segment declined showing the untapped potential of the market,” said the report.

In fact, itel emerged as the number one feature phone brand in Q4 2019, followed by Samsung and Lava. (IANS)