In some cases these ethical hackers also help companies fix the glitch. Companies and banks in India are coming under attack from increasingly sophisticated hackers, with about $4bn being lost to fraud every year. Although some firms have taken cybersecurity measures to protect themselves, the pace of spending on IT protection is far behind that of countries such as the US, and the culture of secrecy surrounding attacks is also hampering their prevention. The Indian government has been trying for years to improve its cyber defences.
Companies and banks in India are coming under attack from increasingly sophisticated hackers, with about $4bn being lost to fraud every year. Although some firms have taken cybersecurity measures to protect themselves, the pace of spending on IT protection is far behind that of countries such as the US, and the culture of secrecy surrounding attacks is also hampering their prevention. The Indian government has been trying for years to improve its cyber defences.