APPLICATIONS OF CYBER SECURITY

Cosmos Bank Cyber Attack in Pune

A recent cyberattack in India in 2018 took place in Cosmos bank when hackers siphoned off Rs. 94.42 crores.

How did they do it?

Hackers hacked into the bank’s ATM server and took all the card details and wiped off money from 28 countries and immediately withdrew the amount as soon as they were informed.

Prevention: Hardening of the security systems can help authorized people can be the way forward.

Different Areas of Cyber Security

Critical Infrastructure Security

This type of cybersecurity ensures that the digital infrastructure of our vital public systems remains preserved and protected from any form of malignant misuse such as keeping cyberattacks away from our hospitals, traffic lights, electricity grid, etc.

Application Security

Nowadays, when you have an app for nearly anything, it’s of vital importance to keep the space secure. Application security does just that by building in all the safety measures, such as encryption, firewalls, or anti-virus systems.

Network Security

Network security is an area of expertise primarily concerned with keeping the network integrity preserved. In practice, this means performing due diligence to ensure that the highest security standards and protocols protect networked data and systems.

Cloud Security

Even though cloud computing is usually considered the least secured space to store your data, experts suggest that clouds are safer than traditional IT infrastructures. There are nearly half as many attacks in the on-premise environments than in those serviced by a provider. Generally, these providers are the biggest generators of cloud security tools that keep the space safe.

Internet of Things (IoT) Security

The Internet of Things security is concerned with securing all the devices connected to the internet.

From security cameras to the smallest home appliances, everything’s networked. Consequently, nearly everything can and should be clear of vulnerabilities and protected from potential cyber intrusions.

Case Study

WannaCry  ransomware attack

The WannaCry  ransomware attack was a worldwide cyber attack in May 2017 by the WannaCry ransomware cryptoworm, which targeted computers running the Microsoft Windows operating system by encrypting data and demanding ransom payments in the Bitcoin cryptocurrency.( is a digital payment system that doesn't rely on banks to verify transactions.)

Cyber security attacks in India grew 194% in 2020

India saw an exponential rise in the cyber security incidents amid the coronavirus pandemic. Cyber security incidents jumped from 3,94,499 in 2019 to 11,58,208 in 2020, according to the data shared by the government.