Indian businesses are at high risk of repeated ransomware attacks and are vulnerable to exploits: Report

While $13.74 million was spent by 3 percent of organisations worldwide to rectify the impact of ransomware, India’s share was the highest at $1.17 million With 67 percent Indian businesses hit by ransomware, 38 percent twice, they are at a high risk of repeated ransomware attacks and are vulnerable to exploits, a new report warned on 14 March. While $13.74 million was spent by three percent of the organisations worldwide to rectify the impact of ransomware, India’s share remained the highest at $1.17 million, said global cybersecurity leader Sophos. “We’re aware of cybercriminals unleashing four different ransomware families in half-hour increments to ensure at least one evades security and completes the attack,” said Sunil Sharma, Managing Director Sales at Sophos India & Saarc. Over 70 percent of IT professionals surveyed were unable to identify the correct definition of anti-exploit technology, despite how critical it is for modern attack prevention Nearly 89 percent India respondents stated that malware threats have got more complex in 2017 while 99 percent businesses were optimistic about deploying Machine Learning technology.