A complete of 235,472 ransomware incidents hit companies in India from January to December 2023, based on a modern report by Kaspersky cybersecurity options.
In 2023, India witnessed ransomware assaults in opposition to totally different organisations – a significant healthcare establishment, authorities departments, Indian telecom firm, in addition to energy and utility firm most often, the malicious software program took down the servers.
“The period of widespread mass assaults by encryptors on each people and companies is progressively fading away. As a substitute, we’re witnessing a shift in the direction of organised teams that execute hacks involving knowledge theft and encryption, generally known as double extortion. The rationale behind this evolution lies within the perpetrators’ capability to function with better effectivity, thereby enabling them to demand considerably larger ransom sums,” says Fedor Sinitsyn, Lead Malware Analyst at Kaspersky.
In accordance with Kaspersky safety specialists, ransomware assaults have been inflicting waves globally and is turning into prevalent in India as properly.
For instance, Fonix Ransomware focused manufacturing, retail, agriculture, media and healthcare corporations in India. This group ran the malware assault as a Ransomware-as-a Service. LockBit is one other ransomware that attacked main organisations in India by infecting Home windows methods. In reality, it’s the first ransomware to contaminate Apple methods as properly.
“We predict that in 2024, ransomware assaults on huge organisations will grow to be much more prevalent. Threats like extortion, operation disruption, and knowledge theft and leak will grow to be increasingly more widespread. Because of this, enterprises and organisations want look into cybersecurity applied sciences that present absolute anti-ransomware effectiveness in third-party exams. It’s time to take this ransomware menace significantly,” says Jaydeep Singh, Normal Supervisor for South Asia at Kaspersky.
Consultants from the worldwide cybersecurity firm insist on organisations, no matter form and measurement, to beef up their IT safety posture as ransomware, particularly the focused sort, continues to be a dangerous menace for organisations within the nation.
First Revealed: Apr 22 2024 | 5:49 PM IST
