As many as two-third businesses in India have seen an increase in ransomware attacks and over 50% don’t have a formal ransomware plan, showed a survey report by research firm Thales.
The 2022 Thales Global Data Threat Report found that malware, ransomware and phishing continue to plague organisations. One in four (26%) respondents in India experienced a ransomware attack in the last year, higher than the global figure of 21%, it said. Out of these, 30% of the Indian organizations experienced significant impact on operations.
Globally, too, the vast majority (79%) of businesses remain concerned about the security risks of an increasingly remote workforce. Further, 51% of global IT leaders agreed that it is more complex to manage privacy and data protection regulations in a cloud environment, it said.
The report found that almost half (43%) of IT leaders admitted to having failed a compliance audit. The IT leaders ranked malware (56%), ransomware (53%) and phishing (40%) as leading sources of security attacks, it said. Almost half (45%) of IT leaders reported an increase in the volume, severity and/or scope of cyberattacks in the past 12 months, the report added.
“As the pandemic continues to affect both our business and personal lives, expectations of a ‘return’ to pre-pandemic conditions are limited. Whilst organisations in India and around the world have continued to face challenges in securing their data, our findings indicate that urgent action is needed by businesses to develop more robust cybersecurity strategies,” Ashish Saraf, VP and Country Director – India, Thales, said.
With 26% of the organisations surveyed from India having experienced ransomware attacks, it is vital that businesses deploy a robust security strategy based on discovery, protection and control,” he further said.
The 2022 Thales Global Data Threat Report was based on a global 451 research survey, fielded in January 2022, commissioned by Thales of more than 2,700 executives with responsibility for or influence over IT and data security. Respondents were from 17 countries: Australia, Brazil, Canada, France, Germany, Hong Kong, India, Japan, Mexico, Netherlands, New Zealand, Singapore, South Korea, Sweden, the United Arab Emirates, the United Kingdom, and the United States.