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  US President Joe Biden said that his administration was "looking closely" at whether to retaliate against Russia for a recent ransomware attack . "We're looking closely at that issue," Biden told reporters at the White House on Wednesday when asked if the US would retaliate against Russia for the latest ransomware attack. Biden replied "no" when asked if he believes Russian President Vladimir Putin was testing him with the hack ahead of their first-ever face-to-face meeting in Geneva on June 16, reports Xinhua news agency. Major meat producer JBS USA said on Sunday that it suffered a cyberattack and notified the administration that the ransom demand came from a criminal organization likely based in Russia. Read More

  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