According to a recent report by cybersecurity firm Kaspersky, cyber fraud incidents are likely to increase in 2021 as more users get connected to the internet and entering the digital payments ecosystem.
The report highlighted that there were several UPI-related frauds in 2020 and various banks issued advisories alerting their users about the same.
Further, the study noted that as the various micro, small and medium-sized enterprises (MSMEs) are now going digital following the COVID-19 induced lockdown, these companies will have to take the necessary measures to protect their customers personal information.
As per Kaspersky, the Indian industries have seen ransomware actors like Maze, Cl0p, Nefilmi and Netwalker. The different industries at target were- financial services, oil drilling services, pharmaceutical, commodity and services providers, automotive supplies, footwear manufacturer, professional and consumer services and manufacturing.
