Indian businesses saw 235,472 ransomware incidents from Jan-Dec 2023

A total of 235,472 ransomware incidents hit businesses in India in 2023, according to a latest report by Kaspersky cybersecurity solutions.

A major healthcare institution, government departments, an Indian telecom company, as well as a power and utility company were among the targets of ransomware attacks during the January to December 2023 period. In most cases, the malicious software took down the servers.

“The era of widespread mass attacks by encryptors on both individuals and businesses is gradually fading away. Instead, we are witnessing a shift towards organised groups that execute hacks involving data theft and encryption, commonly referred to as double extortion.