Significant percentage of Indian companies hit by ransomware attacks in 2023: Sophos

Nearly 64 per cent of Indian organisations surveyed were hit by ransomware attacks in 2023, a latest report by Sophos said on Tuesday, noting that while the attack rates fell year-on-year, the impact on victims actually intensified.

The average ransom demand was USD 4.8 million, with 62 per cent of demands exceeding USD 1 million.