India has seen a dramatic 55% increase in ransomware attacks, as revealed in a new report by CyberPeace, raising serious concerns about the country’s cybersecurity preparedness. The report highlights the growing frequency and sophistication of these cyber threats, which have been targeting both private and public sector organizations across the nation.
The surge in ransomware attacks, which often involve hackers encrypting critical data and demanding hefty ransom payments for its release, emphasizes the vulnerability of India’s digital infrastructure. Cyber experts warn that these attacks could have far-reaching consequences on businesses, governments, and citizens if stronger cybersecurity measures are not put in place immediately.
The report calls for urgent action, including the implementation of robust defense systems, enhanced employee training, and stricter regulations on data protection to combat the growing threat. As India continues to digitize its economy, experts stress the importance of prioritizing cybersecurity to safeguard against the rising tide of cybercrime.