The report found that 78 per cent of organizations that had data encrypted in a ransomware attack paid the ransom in 2021 and it was the highest rate of ransom payment reported across all 31 countries surveyed
Around 78 per cent of Indian organisations surveyed were hit by ransomware in 2021 and some of the entities paid over Rs 76 crore as ransom to get their data back, cybersecurity firm Sophos said in a report.
According to the report, the average ransom paid by Indian organizations that had data encrypted in their most significant ransomware attack was USD 1,198,475 (around Rs 9 crore) with 10 per cent of victims paying ransoms of USD 1 million or more.
The survey found that 48 per cent of Indian firms paid less than USD 5,000, while 10 per cent paid USD 1 million or more.
First Published: May 04 2022 | 11:22 PM IST