India's Cyber Fraud Surge: How to Protect Your Business and Data

• India's digital economy growth creates fertile ground for cyber fraud, now a systemic risk across businesses and payment networks.
• Cyberattacks are escalating, with over 265 million detections in India last year, averaging 700,000 incidents daily.
• Fraud tactics are evolving, using AI for personalized phishing and multi-layered ransomware extortion, making traditional defenses less effective.
• Small and medium-sized businesses (SMBs) are increasingly targeted, with UPI transaction growth providing more opportunities for fraudsters.
• AI is a double-edged sword: accelerating fraud but also enhancing defenses through monitoring and predictive analytics; human judgment remains crucial.

Why It Matters: As India digitizes, cyber fraud is surging, requiring advanced defenses, continuous monitoring, and human oversight.