CloudSEK has released its annual takedown statistics for the fiscal year 2022-23, showcasing the organization’s relentless efforts in combating cybercrime and safeguarding organizations from online threats. CloudSEK’s in-house takedown team has successfully removed over 3000 malicious contents, including fake domains, fake apps, and more, hosted publicly over the internet and targeting organizations across various sectors in 2022-23. The BFSI, retail, and telecom sectors were the most targeted by scammers during this period.
The comprehensive takedown efforts by CloudSEK comprised 1,067 requests for fake social media, 641 requests for fake domains, 419 incidents of fake apps, and 234 requests for fake customer support numbers. These proactive measures highlight CloudSEK’s commitment to creating a safer online environment by effectively eliminating malicious content within an average of 2.5 days. (For More Details, Read Full report)
CloudSEK has so far taken down over 7000 malicious content from the internet and has contributed towards making the internet a safer place for all. CloudSEK’s relentless efforts in combating cyber threats have yielded remarkable results, with the number of takedowns doubling in the fiscal year 2022-23. During 2021-22 alone, CloudSEK successfully neutralized over 1,400 fake/phishing domains, employing various methodologies to protect different organizations and their valued customers.
Phishing attacks and other cybercrimes continue to increase, posing significant risks to organizations and individuals. Recent statistics reveal alarming trends, including a 56% annual increase in phishing websites and a surge in cybercrime fraud, impacting 45% of Indian firms. The need for robust cybersecurity measures and public awareness campaigns has never been more crucial. (For More Details, Read Full report)
Here is a chart that presents the ratio of scams happening for different categories:
In 2023, various industries faced significant challenges when it came to combating online threats such as phishing, infringement, and impersonation accounts. CloudSEK’s take-down report shows, among these industries, the most targeted were BFSI (Banking, Financial Services, and Insurance) with a staggering 1458 instances. Following closely behind was the retail sector with 526 cases, indicating the vulnerability of online shopping platforms. The entertainment industry also experienced a substantial number of attacks, reaching 444 incidents. Other targeted industries included manufacturing (75), telecom (53), transportation/logistics (63), real estate (45), pharmaceuticals (25), hospitality (17), services (12), IT/SaaS (Information Technology/Software as a Service) (8), aviation (7), and others (4).(For More Details, Read Full report)
CloudSEK’s takedown service plays a vital role in addressing these challenges. By promptly neutralizing brand threats and unauthorized online activities, CloudSEK ensures that organizations can mitigate financial losses, protect their reputations, and maintain customer trust. The company’s expertise and time-tested methodologies enable the swift identification, detection, and elimination of various cyber threats.
“Our AI-based advanced digital risk monitoring platform serves as the starting point in our takedown journey. We employ a proactive approach to identify potential cyber threats, followed by meticulous investigation and verification by our expert analysts. Once identified, our specialized takedown team swiftly takes action, leveraging legal measures, technical expertise, and strategic partnerships to expedite the removal of malicious content,” said Anmol Kumar, Senior Anti-Fraud Analyst, CloudSEK.
CloudSEK’s commitment to effective communication is evident throughout the takedown process. The company provides regular updates on the progress of takedown requests, ensuring clients are informed every step of the way. CloudSEK’s teams gather evidence, compile threat reports, and collaborate closely with domain registrars, hosting providers, and higher authorities to build strong cases against cybercriminals.
The journey of CloudSEK’s takedown service began in 2020, driven by the need to protect clients from the surge in online fraud targeting their customers. Since then, the company has continuously enhanced its takedown capabilities, exploring innovative approaches and strategies to expedite the process and minimize potential damage.
To stay ahead of evolving cybercriminal tactics, CloudSEK utilizes its AI-ML-based product, XVigil, to analyze data and identify trends in cybercriminal activity. This analysis provides valuable insights and enables the company to create a comprehensive graph depicting attack trends, further strengthening its proactive cybersecurity measures.
CloudSEK remains committed to its mission of ensuring a safer digital landscape for organizations and individuals alike. By continuously enhancing its takedown capabilities and analyzing emerging threats, the company is at the forefront of combating cybercrime and fostering a secure online environment.
