Education sector worst hit as ransomware attacks rise in India: Report

The rate ransomware attacks increased in India, with 73% of organisations surveyed reporting they were a victim of a ransomware attack, up from 57% the previous year...

In 77% of attacks, organisations reported adversaries succeeded in encrypting data with 44% paying the ransom to get their data back, a considerable drop from last years rate of 78%...

The education sector was found to be the worst hit, with 79% of higher education organizations surveyed and 80% of lower education organizations surveyed reporting that they were victims of ransomware attacks...

The survey conducted by Sophos, a cybersecurity company, for its State of Ransomware 2023 report also showed when organisations paid a ransom to get their data decrypted, they ended up doubling their recovery cost - compared to organisations that used backups to get their data back...

Organisations must rebuild and recover from backups as well, Chester Wisniewski, field CTO, Sophos said.. Analysis of the cause of successful ransomware attacks revealed that exploited vulnerabilities were the culprit in 35% of the cases while compromised credentials were used in 33% of the cases...

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