To insure or not? Cyber insurance helps recover losses from cyberattacks

In 2023, India ranked third globally in terms of the number of phishing attacks after USA and the UK. About 33 per cent of all phishing attacks in India were targeted at the critical infrastructure industry.

In October 2023, hackers breached the ICMR database and stole about 815 million Indians’ personally identifiable information (PII) details, and did an exfiltration of the same to the dark web.