Indian companies have made it at the top of a world list. But the one none of them would be proud of. India Tops The list of 30 best countries for ransomware attacks with 68% of Indian organizations interviewed being struck by Ransomware in the last 12 months.
What moreover, about 67% of Indian companies whose data has been encrypted paid a ransom to recover their data.
Indian companies were most likely to pay a ransom of all the countries surveyed – the world average was about 32%.
These were all part of the conclusions of the “State of Ransomware 2021” survey conducted by the Sophos Cybersecurity Society.
The average payment of ransom in India was $ 76,619
However, the number of organizations affected by Ransomware Attacks decreased by 82% the previous year. And 72% of Ransomware’s Indian organizations have admitted that data had been encrypted into the most significant 91% ransomware attack in the previous year.
Ransomware attacks have had significant financial repercussions. According to the survey, the average cost of recovering a ransomware attack has more than doubled in one year, from $ 7,61,106 from 2020 to $ 1.85 million in 2021 on a global scale. In India, the approximate recovery cost of the impact of a ransomware attack has tripled over the last year, ranging from $ 1.1 million in 2020, at $ 3.38 in 2021. The average payment of The ransom in India was $ 76,619.
The survey also stated that 86% of Indian companies believe that cyberattacks are now too complex for their computer teams alone, compared to a global average of 54%.
Sunil Sharma, Sales Manager, Sophos India and SAARC, said: “While the proportion of ransomware-struck organizations decreased from the previous year, Indian organizations are still much more likely to be affected than those any other country studied. This could be due to the high level of domestic ransomware in India, as the Sophoslabs watch, leading to a situation where Indian opponents target Indian organizations. »
