India is at top when it comes to being the victim of ransomware attacks. With 67% Indian companies hit by ransomware — 38% twice — they are at a high risk of repeated ransomware attacks and are vulnerable to exploits, showed a study conducted by security software maker Sophos.
The study report further said that, $13.74 million were spent by 3% of the organisations worldwide to rectify the impact of ransomware and among this India’s share remained the highest at $1.17 million.
It is also to be noted that, that 91% Indian organisations claimed running up-to-date endpoint protection when impacted by ransomware.
The study, The State of Endpoint Security Today, surveyed 2,700 IT managers in organizations of 100 to 5,000 users in the United States, United Kingdom, France, Germany, India, Canada, Mexico, Australia, Japan and South Africa. The number of respondents in India was 300.
More than 70 percent surveyed do not have anti-exploit technology, which means these businesses are easy prey for data breaches and complex threats like WannaCrypt.
Over 70 percent of IT professionals surveyed were unable to identify the correct definition of anti-exploit technology, despite how critical it is for modern attack prevention.
The survey also pointed out some significant variation in plans for predictive technologies across the globe. Canada, India and South Africa, whch showed to have the highest levels of machine learning technology, lead with 34 per cent of respondents already using predictive threat technologies such as deep and machine learning. Mexico has the most extensive plans for these technologies, with 72 per cent planning to implement them within the next year. India is most optimistic about the potential of machine learning.
Notably, this is one of many warnings given to India time to time regarding cyberattacks, for which the country is unprepared. To recall, in last October an IBM report revealed that India can not handle big cyber attacks despite of the fact that the country has abundant talent and tools.
In the same month, QuickHeal, a global IT security firm, revealed that a forum on DarkNet is reportedly selling data stolen from over 6,000 Indian businesses that includes Internet Service Providers (ISPs), some of the key government organisations, banks and enterprises.