Ransomware Attacks Most Pressing Threats Faced By Public, Private Sectors: India
News 18Ransomware attacks are one of the most pressing threats faced by public and private sectors, India has told a US-led international meet on the latest emerging challenge and has called for taking steps to ensure that the country’s critical infrastructure remains safe and secure. Representing India at the Counter Ransomware Initiative, hosted by the White House, Lt. Gen Rajesh Pant, National Cybersecurity Coordinator, told the participating 30 countries that the rapid digitization and cryptocurrency have added to the vulnerabilities in the cyber domain. In today’s world, Ransomware attacks are one of the most pressing threats faced by Public and Private sectors, Pant said, adding that by the end of 2021, ransomware is expected to attack a company every 11 seconds and cause damages of up to USD20 billion. Pant said it is the collective responsibility of the international community now to ensure that global cyberspace is not dominated by criminal activities such as Ransomware and we create for our future generations a safe, secure and resilient cyberspace.