4 Strategies To Combat Evolving Online Threats, As Shared By Cyber Expert

The landscape of cybersecurity is ever evolving and the online threats continue to mutate and multiply. In this article, we will share some top strategies for combating the most pressing online threats, shared by our expert, Kavitha Kanaparthi, Founder and CEO of Soulverse.

Kanaparthi said, “India’s internet usage has surged to over 936 million subscribers, making it one of the most connected countries. This reliance on the internet for business, education, and Government services have increased the need for strong cybersecurity. However, challenges persist, including data privacy issues and rising cyber threats.”

“Approximately 300 million people are vulnerable to phishing attacks, with 500,000 falling victim to fraud annually. In 2023, India reported 129 cyber crimes per 100,000 residents, with a projected 24% increase in risks for 2024. Major concerns for organisations include cloud threats (52%), connected device attacks (45%), and software supply chain breaches (35%),” she added.

What Are The Evolving Cyber Threats?

“As India rapidly digitises, it faces evolving cyber threats from technological advancements and increased reliance on digital infrastructure,” shared the expert. Key threats include:

• “Ransomware that encrypts data and malware, steals data or disrupts services.”
• “Cryptojacking, which exploits devices to mine cryptocurrency.”
• “Man-in-the-Middle (MitM) Attacks that intercept communications to steal or alter information.”
• “Supply Chain Attacks, compromise systems through trusted vendors or software.”

4 Key Strategies for Addressing Cybersecurity Threats in the Evolving Digital Space

1. Adopt SSI Infrastructure

“Self-Sovereign Identity (SSI) offers a decentralised framework that empowers individuals and enterprises to manage their identities and data, reducing the risk of cybercrime by eliminating centralised storage,” said Kavitha.

2. Leverage Gen AI

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She continued, “Generative AI enhances cybersecurity by identifying vulnerabilities and spotting overlooked trends, facilitating quicker risk reporting. Its natural language processing simplifies technical data for non-experts, aiding incident response and compliance. Major companies like Microsoft and Google incorporate Gen AI into their security solutions.”

3. Multi-Factor Authentication

“Utilising multi-layered authentication—such as biometrics and facial recognition—is essential for preventing cyberattacks. This method combines knowledge-based elements (like passwords) with physical token verification, significantly improving security for sensitive accounts,” shared the expert.

4. Blockchain and Decentralisation

“Blockchain serves as a decentralised digital ledger that enhances security and transparency through simultaneous updates across multiple systems. It gives users control over their digital identities, protects against data theft, and secures IoT communications with encryption and public key infrastructure,” mentioned Kavitha.

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“Recognising the critical need for a secure digital space, the Government of India has established strong policies like CERT-In to safeguard its online community. As remote work and technology advance, effective cybersecurity fosters trust, enabling safer online environments by understanding and utilising new technologies to mitigate risks,” she concluded.

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