{"id":838696,"date":"2024-07-30T09:46:53","date_gmt":"2024-07-30T04:16:53","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=838696"},"modified":"2024-07-30T09:46:53","modified_gmt":"2024-07-30T04:16:53","slug":"risk-of-data-breaches-cyber-frauds-up-due-to-digitisation-rbi-report","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/30\/risk-of-data-breaches-cyber-frauds-up-due-to-digitisation-rbi-report\/","title":{"rendered":"Risk of data breaches, cyber frauds up due to digitisation: RBI report"},"content":{"rendered":"<p>The average cost of data breaches in India stand at $2.18 million in 2023, up 28% since 2020 though less than the global average cost of $4.5 million, RBI\u2019s annual report on currency and finance which was themed around digitalisation said.<\/p>\n<p>The report citing German data and statistics platform Statista said globally, cybercrime costs are expected to reach $13.82 trillion by 2028, up from $8.15 trillion in 2023. \u201cThe average cost of a data breach has also risen to $4.45 million in 2023, a 15% increase over three years (IBM, 2023). Recognising the significant costs involved, most central banks have increased their cyber security investment budgets by 5% since 2020. The most common attacks in India are phishing (22%), followed by stolen or compromised credentials (16%),\u201d the report said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The average cost of data breaches in India stand at $2.18 million in 2023, up 28% since 2020 though less than the global average cost of $4.5 million, RBI\u2019s annual report on currency and finance which was themed around digitalisation said. The report citing German data and statistics platform Statista said globally, cybercrime costs are expected to reach $13.82 trillion by 2028, up from $8.15 trillion in 2023. \u201cThe average cost of a data breach has also risen to $4.45 million in 2023, a 15% increase over three years (IBM, 2023). Recognising the significant costs involved, most central banks have [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-838696","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/838696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=838696"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/838696\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=838696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=838696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=838696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}