Banking, Utilities API Attacks Surge in India

Cyberattacks targeting India-based organizations, particularly in banking and utilities, have surged in 2024, with a 92% increase compared to the previous year. This rise is attributed to attackers’ evolving tactics, leveraging AI tools like ChatGPT to exploit vulnerabilities and launch attacks on websites and APIs. The financial and power sectors face heightened risks, with attackers exploiting security misconfigurations and unpatched vulnerabilities.