According to a new report by Sophos, the average ransom payment stood at over Rs 5.5 million in India. Further, the report noted that Indian organisations that paid the ransom received an average of 75 per cent of their data back and only 4 per cent received all of their data back.
According to the report findings, 67 per cent of Indian organisations whose data was encrypted paid a ransom to recover their data, this increased from last year’s 66 per cent organisations that paid a ransom.
Also, 86 per cent of Indian organisations believe cyber attacks are too intricate for their IT team to handle compared to a global average of 54 per cent.
Furthermore, of the organisations in India that have not been hit by ransomware in the last 12 months, around 86 per cent expect to become a target.
As per the report, 57 per cent of organisations are of the view that ransomware attacks are becoming increasingly difficult to stop due to their complexity.
Almost three-quarters of Indian organisations admitted that data had been encrypted in the most significant ransomware attack, a decrease from 91 per cent the preceding year.
The survey included 5,400 IT decision makers in mid-sized organisations from 30 countries in Europe, the Americas, Asia-Pacific and Central Asia, the Middle East, and Africa, with 300 respondents from India.
