According to a report by cybersecurity firm Sophos, over 80 per cent of Indian organisations had experienced significant ransomware attack in the past 12 months, compared to 67 per cent in 2017.
The report further highlighted that despite the data being encrypted, it was breached in 91 per cent of the cases and 66 per cent of the organisations hit by ransomware admitted paying the ransom.
Moreover, the average cost of addressing the impact of such an attack in India amounts to more than Rs 80,270,000.
Meanwhile, globally, nearly 5 per cent of the public sector organisations paid the ransom but did not get their data back and 13 per cent of the public sector organisations surveyed never managed to restore their encrypted data.
Nonetheless, the public sector remained the least affected by ransomware globally, with just 45 per cent of the organisations surveyed in this category confirming to being hit by a significant attack in the previous year.