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1.5 lakh online transactions get compromised daily in India: Report

Mumbai: The issue of cyber-security came to the fore at the IT ministers’ conclave, where it was said that as many as 1.5 lakh online transactions get compromised on a daily basis in India out of the total 230 crore such deals, official sources citing a presentation by National Cyber Security Coordinator Gulshan Rai said. 

The presentation was made by Rai at state IT ministers' conference, which was chaired by Union IT Minister Ravi Shankar Prasad.

Rai attributed the main reason for the breach to phishing attack, ransomware, IP address manipulation, among others. The number of compromise cited by Rai is around 3-4 times higher than observations made by the Indian Computer Emergency Response Team (CERT-In).

 

As per the information reported to and tracked by CERT- In, a total number of 44,679, 49,455, 50,362 and 40,054 cyber security incidents were observed during the year 2014, 2015, 2016 and 2017 (till November), respectively.

Rai has asked state governments to set up their cyber security operations and take computers' hygiene seriously.

Prasad said the Centre will send special team for auditing cyber security of critical infrastructure, and all states should ramp up their infrastructure and manpower to curb breaches that occur online, official sources said.

CERT-In has empanelled 54 security auditing organisations to support and audit implementation of information security best practices.

The discussion on cyber security was held in the backdrop of increased digital footprint in India, especially in the rural areas. This includes financial services as well under the Jan Dhan Yojana which has 31.04 crore beneficiaries with Rs 73,878 crore maintained in their accounts.

Digital transactions reached a new peak in January in terms of volume after crossing the 1 billion in December.  They rose 4.73 per cent to 1.11 billion in January from 1.06 billion in December, according to provisional data released by the Reserve Bank of India (RBI) last week.