Over half of those hit twice or more paid the ransom to restore encrypted data.

The need to take security more seriously is evident given that several enterprises have been hit by ransomware and malware attacks more than once in the past year.Ī Barracuda International survey found that 73% of Indian organisations surveyed experienced a successful ransomware attack in 2022, and 45% were hit more than once. “With Indian companies becoming increasingly cloud-based, it is important that they closely monitor the health, inventory, and accuracy of their external attack surface,” said Sean Duca, VP and regional CSO - Asia Pacific & Japan, Palo Alto Networks. The company said that some business and personal data had been affected on account of a breach in certain data files, and that the exact impact of the ransomware attack was yet unclear. The number of attacks on the government sector remained constant, while manufacturing saw an increase in overall attacks in the same period.Įarlier this week, Sun Pharma cautioned that revenues could be impacted on account of containment measures taken by the firm following a ransomware attack a few weeks ago. While the banking sector in India is the most impacted by malware attacks, there was a sharp drop in the number of ransomware attacks on the sector in the past year, dropping from nearly 16,000 to 626 in just a year.

“The increase in overall malware attacks in 2022 compared to the previous year serves as a reminder that organizations and individuals must remain vigilant in protecting their systems and sensitive information from these threats,” Katiyar said. Malware detections across key sectors have slightly declined, indicating that appropriate measures are being taken,” said Vijendra Katiyar, country manager for India & SAARC at Trend Micro. “The data on ransomware and malware attacks in India highlights the ongoing threat to the country's critical sectors, but there is some good news.

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