Phishing attacks on financial sectors soar in India, increasing by 175% in 2024: Report

India has seen a 175% surge in phishing attacks targeting the financial sector from January to June 2024, with over 135,000 incidents reported. This alarming increase, highlighted by cybersecurity firm Kaspersky, is a direct result of the rapid adoption of digital banking, e-commerce, and payment platforms, which have become key targets for cybercriminals. As per the report, the rise in cyberattacks underscores the growing sophistication of phishing tactics, fuelled by the use of artificial intelligence and automation by threat actors to craft more convincing and effective schemes.