Ransomware emerged as top cyber threat in India: Report

Updated: Mar 21st, 2024


Ransomware and malware have emerged as the topmost cyber threat of 2024 in India, with 42% IT and security professionals identifying them as the fastest-growing type of threat, a new report released today.  

According to an IT company, cloud assets, including SaaS (Software-as-a-Service) applications, cloud-based storage, and cloud infrastructure management, remain the primary targets for such attacks.

“With data privacy regulations continually changing in India and across the world, enterprises need to have good visibility across their organisation to stand any chance of staying compliant,” said Ashish Saraf, vice president of the IT company.

The report surveyed nearly 3,000 IT and security professionals in 18 countries across 37 industries.

According to the report, 11% of respondents accepted that they fell victim to a ransomware attack in the last year in India, with 10% paying the ransom.

Despite ransomware being ranked as the top growing threat in the country only 20% respondents have a formal ransomware plan in place.

Moreover, the report showed that for a second year running, human error remains the leading cause of data breaches, with 34% of enterprises pinpointing this as the root cause.

One key takeaway from this year’s study, it is that compliance is vital. In fact, respondents that had a good hold over their compliance processes and passed all their audits were also less likely to suffer a breach said Saraf.

In addition, the report mentioned that 93% of IT professionals globally believe security threats are increasing in volume or severity, a significant rise from 47% last year.

(Source: IANS)

- Edited for style

Also read: 

India’s security landscape under siege as ransomware, malware threats spike: Report

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