Cyber attack: ‘Reasons for startups’ data breaches go beyond lack of focus on securing apps, websites’

Cyber attack: ‘Reasons for startups’ data breaches go beyond lack of focus on securing apps, websites’

Hackers are becoming more and more interested in the data of Indian consumers. 2020 saw a series of startups’ data breaches which left consumers and even businesses asking one question – How secure are we?

India’s technology ecosystem is growing at a massive rate. Home-grown startups are going global and global giants are coming to India to build for the next over 500 million users which are supposed to connect to the internet in the coming years. India is one of the most talked-about technology ecosystems in the post-COVID world as 2020 clearly saw some rebellion against China. While all these great developments are happening, hackers are also becoming more and more interested in the data of Indian consumers. 2020 saw a series of data breaches on Indian startups which left all of the consumers and even businesses asking one question – How secure are we? Well! The answer is – our app ecosystem and businesses are not fully secure. But are Indian businesses taking security seriously post the recent hacks? Yes! Thankfully, startups especially in the tech space are clearly taking steps to ensure they’re secure.

Some recent hacks on Indian apps & businesses

  • Juspay, a payment processing company faced a breach that led to a leak of over 35 million records! A huge hack that really shook the industry.
  • Unacademy, one of the most talked-about revolutionary startups in the tech industry faced a breach causing a data leak of more than 20 million records.
  • Whitehat Jr, another startup in the education space suffered a breach leaking over 250,000 records.
  • Dunzo, the go-to delivery company also suffered a breach.
  • BigBasket also got hacked in 2020 after which they took some strong measures to strengthen security.
  • Quite recently there have been signs of attack on Indian power grids by China. While this doesn’t exactly count attacks on ‘apps’ or ‘businesses’ but this one just can’t be ignored considering the severity. While this news made rounds and left the entire country in shock, what shocked even the security community was that there are chances that the attack happened way back in May 2020. Apparently, it took more than six months to even detect malware!

While these were some of the top startups of the country that suffered a breach, there are hundreds of websites and apps that get hacked every day which do not come in the mainstream news. ReadMore

 

Source : financialexpress

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