The recovery cost from ransomware attack’s impact trippled to $3.38 billion in 2021.
The findings showed that 67 per cent of Indian organizations whose data was encrypted paid a ransom.
The survey polled 5,400 IT decision makers in mid-sized organisations in 30 countries.
New Delhi: Indian topped the list of 30 countries worldwide for ransomware attacks, according to a new report published by British cyber security company Sophos.
In India, the recovery cost from ransomware attack’s impact trippled to $3.38 billion (to date in 2021) from $1.1 million in 2020. The report noted that 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.