The cybercrime threat is growing at a rate of more than 20% every year, according to a report released by India’s government.
In 2017, cybercrime reached its highest level in the past 10 years, with 1,539 cases reported, according the annual report on the country’s cyber security.
India’s top police and cyber crime experts say the country is facing a new wave of cyberattacks.
“The threat is evolving and it’s growing,” said Sanjay Kumar, the commissioner of police (crime) in Mumbai.
“We have to understand that the threat is increasing and we have to react accordingly.”
India’s cybersecurity has been hit hard by the ransomware attacks of 2016.
Ransomware is a malware that encrypts files or other data and demands a ransom.
The malware spreads through infected devices and makes them unusable.
The threat has also been amplified by the cyberattack that disrupted power supply in India in November.
At the time, India’s electricity was shut down for over three days for several hours.
More than 400,000 Indians lost their jobs and millions were left without power.
“Our security is very good and we are constantly looking at how we can enhance our security,” said Arvind Kumar, India Director at the consulting firm Kaspersky Lab.
“But this is a challenge that we are going to have to face for the foreseeable future.”
Experts agree that the cyberthreat is real, and it has been growing steadily.
The country’s police and other security agencies have been working to crack down on cybercrime and other online crimes.
India has the world’s second-highest number of reported cyberattacks, according with 1.2 million reported incidents in 2017.
But many of these incidents are in India and they have not affected the country.
The cyberattacks have become so sophisticated, in part, that they have become a major source of anxiety for government and other agencies.
The latest government-ordered data breach in December 2015 led to the suspension of the countrys central account system.
The shutdown caused a significant economic disruption, leaving many millions of Indians without money.
India’s chief cybersecurity officer, Rakesh Pandey, said that while there was a “good deal of fear” in the country, there was no clear consensus on how to address the cyber threat.
The latest report said that India has about 70,000 cyberattacks and is on track to hit 100,000 by 2021.
India is currently the second-most vulnerable country in the world after China.