Ransomware attacks increased by 55% in India, hackers' first eye was on America

Ransomware attacks in India have increased by 55 percent in a year. Last year, there were 98 ransomware attacks in India and most of the attacks took place in the months of May and October. This information has been received from the recently released 'Ransomware Trends 2024: Insights for Global Cybersecurity Readiness'. This report has been released by CyberPeace, which is a cyber security agency.

CyberPeace continuously monitored 166 threat actor groups at a competitive advantage using advanced OSINT and collected data from 658 servers/underground resources. According to the report, ransomware groups using these underground resources carried out 5,233 attacks in 153 countries. The US topped the list of most targeted countries, followed by Canada, and the UK-Germany among others.

The report has demonstrated that "KillSec" was the biggest threat, whereas "LockBit3" turned out to be the second biggest threat. Other groups, including Ransomhub, Darkvault, and Clop, had a medium level of activity.

The industrial sector had the highest hit in India, with 75% of the total incidents recorded. It was followed by the healthcare sector at 12%, and the financial sector at 10%. The lowest was recorded in the government sector, where only 3% of the incidents were recorded. Actually, this distribution shows that better cybersecurity measures are needed in the industrial sector, while there are vulnerabilities in the healthcare, financial, and government domains that must be addressed.