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India loses $4 billion a year to cyber attacks

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It is estimated that every year cyber attacks cause losses worth $4 billion in India, Nagaland Post reports. Most of these attacks are said to originate from China. "We saw targeted attacks in businesses dealing with critical infrastructure particularly in financial sector, communication, transportation," said Cheri McGuire, vice president, global government affairs and cyber security policy at U.S.-based software security solutions provider Symantec Corp. "Among these attacks, 60% were on large enterprises," Ms. McGuire said.

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