2021 a year of ransomware; financial cos need to be on toes for cyber resilience: NCSC Pant

National Cyber Security Coordinator Rajesh Pant on Wednesday called 2021 a year of ransomware as there has been a massive surge in such attacks across the globe and companies have paid ransom of around $1 trillion in the first half of the current year. Pant cautioned financial sector companies to step up their efforts in putting up cyber resilience to save themselves from cyber attacks.

“The way 2021 has started, I would call it a year of ransomware. We are only half way through this year and already $1 trillion has been paid in ransom. Financial sector will have to be absolutely on its toes to ensure that all the efforts required for cyber resilience are put into place. All your mitigation, recovery techniques etc,” Pant said at an IAMAI virtual event.