Understanding Cyber-Attacks and their Impact on Global Financial Landscape

The internet and networks have transformed the modern world in many positive ways, but they have also led to an increase in cybercrimes. Illegitimate sources use cyber-attacks to steal sensitive information or damage resources, including malware, phishing, password attacks, man-in-the-middle, SQL injection, watering hole attack, and denial-of-service attack. Cybersecurity provides protection against such attacks, and this paper examines the most common types of cyber-attacks, along with case studies of cyber-attacks in India. The paper also analyzes the financial impact of cyber-attacks on a global scale, with billions of dollars lost each year due to cybercrime. The study emphasizes the urgent need for robust cybersecurity measures to safeguard resources and prevent the loss of valuable information. The paper concludes by highlighting the importance of raising awareness about cyber-attacks and their impact, in order to develop effective strategies for preventing and responding to cyber-attacks.