At Rs 24.5 crore, ransomware data recovery cost triples in India

 

The recovery cost from the impact of a ransomware attack tripled in the last year in India -- up from $1.1 million (over Rs 8 crore) in 2020 to $3.38 million (more than Rs 24.5 crore) in 2021 to date -- as the country topped the list of 30 countries worldwide for ransomware attacks, a new report said on Tuesday.

Ransomware Cyber Attacks

The average ransom payment in India was $76,619 (over Rs 55 lakh). However, paying up often doesn't pay off as Indian organizations that paid the ransom got back, on average, 75 per cent of their data and only 4 per cent got all their data back, according to 'The State of Ransomware 2021' report by global cybersecurity leader Sophos.


The findings showed that 67 per cent of Indian organizations whose data was encrypted paid a ransom to get back their data -- a slight increase on the previous year when 66 per cent paid a ransom. Click Here

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