Indian Inc might be reaping the benefits of technological progress and internet, but rising instances of cyber attacks is slicing a substantial chunk of corporate revenues.
Though exact statistics are not available, experts believe that many of the companies have lost about 8-10 per cent of their revenues due to cyber crimes.
“The corporate sector is incurring losses to the tune of 8-10 per cent of its total revenues on account of incidents like hacking and phishing,” Rajat Khare Director of Information security consulting firm — Appin told PTI.
Among the common crimes in the cyberspace are phishing, hacking, identity theft and defacement of official websites.
Further, malicious mails are sent to personal e mail ids from hacked addresses.
Not just that outsiders are intruding the privacy of companies in the cyberspace but also increasing competition among the entities is adding to the menace.
According to Khare, recently a Gurgaon-based software development firm filed a complaint against one of its rival, allegedly for stealing its software source code through hacking.
However, he declined to divulge more details about the incident.
With more number of Indian firms catering to their clients online, the possibility of getting exposed to cyber crimes is all the more high, Khare pointed out.
Statistics available with CERT-In (Indian Computer Emergency Response Team), a Central government body which tracks major computer security incidents in the country show that a total of 152 Indian websites with the URL.in were defaced during February this year.