Page 4 - Sophos - Ransomware Special Edition

TRENDING STORY company needs to take of the attacks that says Sunil Sharma, well as encrypt it unless

Managing Director-
managed to breach
the ransom gets paid.
adequate measures to
safeguard itself against
Indian organizations
successfully.
these attacks.
Sophos.
sold in the underground
Echoing similar
market, or posted on
If one were to Sales (India & SAARC), This data has also been
The Ransomware determine the average sentiments, Dipesh the dark web by the
Attack Situation In cost of addressing Kaura, General Manager, cybercriminals.”
He further elaborates
India the impact of such an Kaspersky (South Asia) that the work from
attack in India, including shares, “Cybercriminals
India witnessed lost orders, business
several ransomware downtime, operational
attacks this year. Some costs, and more, it
of the most dangerous would amount to nearly
ones were LockBit `80,270,000.
ransomware, Magnitude But what is even The concept
EK (malvertising exploit more alarming is that of ransomware in
kit), VHD Ransomware, two out of the three India first caught attention
as well as Wannacry, (66%) organizations hit in 2017 with the infamous
which is still prevalent in by ransomware in India Wannacry attack that had
India. admitted to paying the impacted India greatly. Since
A global survey ransom. then the attacks have not only
conducted by “Sophos increased drastically but have
Sophos- “The State of evidence shows that DIpeSh Kaura become more targeted,
Ransomware 2020”, cybercriminals have General Manager, sophisticated and complex
published in May 2020 always used significant Kaspersky in nature
revealed that around regional or global events (South Asia)
82 percent of Indian or holidays as spam
organizations surveyed lures to help carry out home culture is an
were hit by ransomware malicious campaigns are always on the look- optimum opportunity
in 2019 compared to and scams. We have out for a weak entry for cybercriminals to
67% in 2017. seen everything from point to enter into the exploit and attack
As a result, data sextortion-like attacks to network and steal all enterprise networks by
was encrypted in 91% charitable relief scams,” the sensitive data as preying on remotely
working employees,
using less secured
devices.
Also, globally, the
scenario is something
like this. While India
occupies the number
two spot among the top
5 countries affected by
ransomware in Q3, in
terms of the number of
attacks, the US tops the
list. Sri Lanka, Russia,
and Turkey are at #3,
#4, and #5 positions
respectively.
“It is no secret that

4 27 NOVEMBER 2020