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Cheap banking scams are often easier to pull off in a country with older devices, fewer regulations, and experienced fraudsters.
The number of DDoS-related incidents targeting APIs have jumped by 30x compared with traditional Web assets, suggesting that attackers see the growing API landscape as the more attractive target.
The financial and government sectors have come under increasing attacks in India, with the Reserve Bank of India (RBI) warning banks to double down on cybersecurity.
Hackers are seeking sensitive personal information on user devices, including banking data and SMS messages.