Indian entities may lose Rs 20,000 cr to cybercrimes in 2025: CloudSEK

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Indian entities may lose Rs 20,000 cr to cybercrimes in 2025: CloudSEK - Business Standard

Quick Summary:

The company claims to have done a detailed analysis of 200 companies across sectors, over 5,000 domain takedowns, data of about 16,000 brand abuse, official data from the Indian Cyber Crime Coordination Centre (I4C) documenting nationwide cybercrime patterns and financial impacts etc for artificial intelligence based projection.

The fact that brand abuse is implicated in nearly one-third of all cybercrime incidents and a staggering 70 per cent of high-value scams is a wake-up call for India," Pavan Karthick M, Threat Intelligence Researcher at CloudSEK said.

"The biggest revelation from our research is the sheer scale of financial losses of over Rs 20,000 crore due to cybercrime, of which Rs 9,000 crore is due to brand name abuse alone.