91% of Indian organisations experienced ransomware attacks in 2023: Report

A survey conducted by CyberArk, a global identity security company, revealed that 91 per cent of Indian organisations surveyed by the agency have experienced ransomware attacks in the past year.

“More than nine in ten (91 per cent – up from 70 per cent in the 2022 report) of the organisations surveyed experienced ransomware attacks in the past year, and 55 per cent of affected organisations reported paying up twice or more to allow recovery, signaling that they were likely victims of double extortion campaigns,” the report claims.