shot-button
Maharashtra Elections 2024 Maharashtra Elections 2024
Home > Technology News > India 2nd most targeted country for ransomware Check Point

India 2nd most targeted country for ransomware: Check Point

Updated on: 06 October,2020 04:25 PM IST  |  Mumbai
IANS |

The research revealed a 50 per cent jump in the daily average of ransomware attacks in the last three months globally, compared to the first half of 2020

India 2nd most targeted country for ransomware: Check Point

This picture has been used for representational purpose only

With an over 39 per cent rise in ransomware attacks in the past three months, India ranked second only to the US among the countries most impacted by the threats, said a study by cybersecurity firm Check Point on Tuesday.


The research revealed a 50 per cent jump in the daily average of ransomware attacks in the last three months globally, compared to the first half of 2020. Ransomware attacks in the US doubled - about a 98 per cent increase -- in the last three months.


Sri Lanka, Russia and Turkey were ranked third, fourth and fifth, respectively among the top five countries most impacted by ransomeware attacks during the study period. The percentage of healthcare organisations impacted by ransomware globally nearly doubled, making it the most attacked sector in the US, said the report.


"Ransomware is breaking records in 2020. Ransomware trends began with the advent of the coronavirus pandemic, as organisations scrambled to enact remote workforces, leaving significant gaps in their IT systems," Lotem Finkelsteen, Check Point's Head of Threat Intelligence, said in a statement.

"However, the last three months alone have shown alarming surges of ransomware attacks." Some of the primary drivers of the rise include more sophisticated attacks, such as Double Extortion, and people's willingness to pay. In a Double Extortion attack, hackers first extract large quantities of sensitive information, prior to encrypting a victim's databases.

Afterwards, attackers will threaten to publish that information unless ransom demands are paid, placing substantial pressure on organisations to meet hackers. Finkelsteen said that hackers deliberately choose a ransom price that targets are more willing to pay.

For the study, security researchers at Check Point leveraged their threat intelligence engine, Threat Cloud, and calculated a number of insights and observations around the latest global ransomware trends.

Threat Cloud is derived from hundreds of millions of sensors worldwide that are supplemented with Artificial Intelligence-based engines and research data from Check Point Research.

Keep scrolling to read more news

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!


Mid-Day Web Stories

Mid-Day Web Stories

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK