Indian firms paying an average Rs 8.2 cr for email-driven cyber attack

Indian organisations are among the most likely to be hit with a successful email attack, and those affected faced an average potential cost of over $1 million (approx Rs 8.2 crore) for their most expensive attack, a new report said on Thursday.

About 82 per cent of the Indian organisations surveyed had fallen victim to at least one successful email attack in the last 12 months, according to IT security firm Barracuda Networks.

“Email-based attacks can be the initial access point for a wide range of cyber threats, including ransomware, information stealers, spyware, crypto mining, other malware, and more. It is not surprising that IT teams around the world don’t feel fully prepared to defend against many email-based threats,” said Parag Khurana, Country Manager, Barracuda Networks India.