About 10 per cent of all global phishing activities are being targeted at India.
RSA, the security division of EMC, points out that the evidence of this trend lies in the fact that several Indian banks came under attack in 2008, and there have been over 400 phishing scams in the last few months.
However, more alarming is the fact that these attacks are likely to increase in future.
"The convenience and ease of conducting financial transactions with a single click is increasingly witnessing online banking coming of age in India and many other parts of Asia.
As a result, these geographies represent a ripe new market for cyber criminals who look to launch online attacks," said Arthur W Coviello, Jr, president RSA, the Security Division of EMC .