{"id":40663,"date":"2025-04-08T21:57:14","date_gmt":"2025-04-08T16:27:14","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=40663"},"modified":"2025-04-08T21:57:40","modified_gmt":"2025-04-08T16:27:40","slug":"digital-threat-report-2024","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/08-04-2025\/digital-threat-report-2024","title":{"rendered":"Digital Threat Report 2024"},"content":{"rendered":"\n<p><strong>Syllabus: GS3\/Cybersecurity<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Context<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Computer Emergency Response Team (CERT-In) and SISA launched the<strong> first Digital Threat Report 2024<\/strong> to support <strong>cybersecurity in the Banking, Financial Services and Insurance (BFSI) sector.<\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The report <strong>offers insights into current and emerging cyber threats,<\/strong> vulnerabilities, and adversarial tactics affecting BFSI.<\/li>\n\n\n\n<li>The findings offer a holistic understanding of the current cybersecurity landscape and guide organizations in preparing for future threats.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-background\" style=\"background-color:#fff2cc\"><tbody><tr><td><strong>About SISA<\/strong><br>&#8211; <strong>SISA is a global forensics-driven cybersecurity solutions <\/strong>company for the digital payments industry, trusted by leading organizations for securing their businesses.\u00a0<br>&#8211; SISA applies the power of forensic intelligence and advanced technology to <strong>offer true security to over 2,000 customers across over 40 countries.<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Major Highlights<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Sophistication of Cyberattacks:<\/strong> Over the past year, cyberattacks have grown more advanced, leveraging new techniques and persistent methods.<\/li>\n\n\n\n<li><strong>Rise in<\/strong><strong> Social Engineering:<\/strong> Business Email Compromise (BEC) and advanced phishing campaigns are more precise, often fueled by data from the dark web.<\/li>\n\n\n\n<li><strong>Bypassing Traditional Defenses: <\/strong>Cyberattacks now effectively neutralize multifactor authentication using stolen credentials and session cookies.<\/li>\n\n\n\n<li><strong>Supply Chain Breaches:<\/strong> Trust in third-party vendors and open-source repositories has led to an increase in supply chain breaches, exposing vulnerabilities at scale.<\/li>\n\n\n\n<li><strong>AI-Driven Threats:<\/strong> Artificial intelligence is transforming cybersecurity, both driving innovation and empowering attackers to conduct highly personalized, evasive, large-scale attacks.<\/li>\n\n\n\n<li><strong>Future Threats:<\/strong> AI-driven threats are expected to challenge existing defense mechanisms, requiring organizations to rethink their approach to threat detection and response.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Mitigation Strategies\u00a0<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Multi-Factor Authentication (MFA): <\/strong>Enable MFA for VPNs, webmail, and accounts accessing critical systems.\u00a0<\/li>\n\n\n\n<li><strong>Regular Updates:<\/strong> Ensure all operating systems and applications are updated regularly. Use virtual patching to protect legacy systems and networks.\u00a0<\/li>\n\n\n\n<li><strong>Data Protection: <\/strong>Enforce data protection, backup, and recovery measures. Encrypt data at rest to safeguard against breaches and exfiltration.\u00a0<\/li>\n\n\n\n<li><strong>Network Segmentation:<\/strong> Implement network segmentation into security zones. Separate administrative networks from business processes using physical controls and VLANs.\u00a0<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img data-dominant-color=\"383536\" data-has-transparency=\"false\" loading=\"lazy\" decoding=\"async\" width=\"837\" height=\"531\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/04\/Mitigation-Strategies.webp\" alt=\"Mitigation Strategies\" class=\"not-transparent wp-image-40664\" style=\"--dominant-color: #383536; width:545px;height:auto\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/04\/Mitigation-Strategies.webp 837w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/04\/Mitigation-Strategies-300x190.webp 300w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2025\/04\/Mitigation-Strategies-768x487.webp 768w\" sizes=\"auto, (max-width: 837px) 100vw, 837px\" \/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><strong>Conclusion<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>There is a need for <strong>unified technology, compliance, and threat intelligence<\/strong> to safeguard financial transactions.<\/li>\n\n\n\n<li>The report provides<strong> actionable steps based on audits and incident analysis <\/strong>to close control gaps, strengthen defenses, and build adaptive strategies.<\/li>\n\n\n\n<li>It advocates for a proactive, intelligence-driven cybersecurity strategy for financial institutions.<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-background\" style=\"background-color:#ebecf0\"><tbody><tr><td><strong>What is Cybercrime?<\/strong><br>&#8211; Cybercrime refers to criminal activities that involve the <strong>use of computers, networks, and digital technologies.\u00a0<\/strong><br>&#8211; Cybercriminals employ <strong>various techniques and tools <\/strong>to exploit vulnerabilities in networks, and they may target individuals, organizations, or even governments.<br><strong>Common types of Cybercrime include<\/strong><br>&#8211; <strong>Hacking:<\/strong> Unauthorized access to computer systems or networks to steal, alter, or destroy data.<br>&#8211; <strong>Phishing:<\/strong> Deceptive attempts to acquire sensitive information, such as usernames, passwords, and financial details, by posing as a trustworthy entity.<br>&#8211; <strong>Malware:<\/strong> Malicious software designed to disrupt, damage, or gain unauthorized access to computer systems. This includes viruses, worms, trojans, ransomware, and spyware.<br>&#8211; <strong>Identity Theft:<\/strong> Stealing and using someone&#8217;s personal information, such as social security numbers or credit card details, for fraudulent purposes.<br>&#8211; <strong>Cyber Espionage:<\/strong> Covert activities aimed at gaining unauthorized access to sensitive information for political, economic, or military purposes.<br>&#8211; <strong>Cyberbullying:<\/strong> Using digital platforms to harass, threaten, or intimidate individuals.<br>&#8211; <strong>Online Fraud:<\/strong> Engaging in fraudulent activities, such as online scams and financial fraud, to deceive and exploit victims for monetary gain.<br><strong>Cyber Security Initiatives<\/strong><br>&#8211; <strong>Cyber Fraud Mitigation Centre (CFMC): <\/strong>Aims to enable immediate action against online financial crimes.<br>1. Acts as a centralized response system for digital financial frauds. Promotes \u201c<strong>Cooperative Federalism\u201d<\/strong> in cybercrime law enforcement.<br>&#8211; <strong>\u2018Cyber Commandos\u2019 Program:<\/strong>\u00a0 Establishment of a special wing of trained personnel in States and Union Territories<br>&#8211; <strong>Central Police Organizations (CPOs): <\/strong>Enhances technical capacity of police and security forces in cyber investigations and digital forensics.<br>&#8211; <strong>Samanvay Platform:<\/strong> A web-based module designed to serve as a one-stop portal for all cybercrime data. Facilitate data repository, analytics, mapping, sharing, and investigation.<br>&#8211; <strong>Cyber Suspect Registry: <\/strong>Created using inputs from the National Cybercrime Reporting Portal (NCRP). Strengthens fraud risk management in the financial sector.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/pib.gov.in\/PressReleasePage.aspx?PRID=2119801\" rel=\"nofollow noopener\" target=\"_blank\"><strong>PIB<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<h3><strong>Context<\/strong><\/h3>\n<li class=\"ms-5\">Computer Emergency Response Team (CERT-In) and SISA launched the first Digital Threat Report 2024 to support cybersecurity in the Banking, Financial Services and Insurance (BFSI) sector.<\/li>\n<p><\/p>\n<h3><strong>About<\/strong><\/h3>\n<li class=\"ms-5\">The report offers insights into current and emerging cyber threats, vulnerabilities, and adversarial tactics affecting BFSI.<\/li>\n<li class=\"ms-5\">The findings offer a holistic understanding of the current cybersecurity landscape and guide organizations in preparing for future threats.<\/li>\n<p><a href=\"https:\/\/www.nextias.com\/ca\/current-affairs\/08-04-2025\/digital-threat-report-2024\" class=\"btn btn-primary btn-sm float-end\">Read More<\/a><\/p>\n","protected":false},"author":15,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-40663","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/40663","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=40663"}],"version-history":[{"count":3,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/40663\/revisions"}],"predecessor-version":[{"id":40679,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/40663\/revisions\/40679"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=40663"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=40663"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=40663"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}