As per the survey, in India, ransomware, general malware, phishing and password attacks are the major concerns for organizations, with 90% of them threatened by e-crime.
The pandemic has led to rising concern over cyberattacks globally, with cyber security experts worried about ransomware, phishing and other similar threats due to the digital acceleration in recent months.
India has been the worst hit by ransomware attacks in the Asia Pacific region, with 74% companies targeted this year, compared to Australia (67%), Japan (52%) and Singapore (46%).
More than one-third Indian organizations have paid $1-$2.5 million as a result of malware attacks in the last year, according to the ‘2020 CrowdStrike Global Security Attitude Survey’ by US-based cybersecurity technology company CrowdStrike.
The survey found that in India, ransomware, general malware, phishing and password attacks are the major concerns for organizations, with 90% of them threatened by e-crime, 77% concerned by hacktivists, followed by insider threats and threats from nation states. In fact, more than half of the organizations feel that nation-state attacks will be the biggest concern for 2021.
Due to rising geopolitical tension, cyber-attacks originating from China are a huge concern for Indian organizations, with majority of the respondents feeling most threatened by those originating from China followed by Pakistan (48%) and Russia (43%).
“This year has been especially challenging for organizations of all sizes around the world, with both the proliferation of ransomware and growing tensions from nation-state actors posing a massive threat to regions worldwide,” said Michael Sentonas, chief technology officer, CrowdStrike. “Now more than ever, organizations are finding ways to rapidly undergo digital transformation to bring their security to the cloud in order to keep pace with modern-day threats and secure their ‘work from anywhere’ operations.”