Cybersecurity and Information Warfare

70% of Indian firms paid ransoms amid rising cyber threats.

A recent survey by OpenText reveals that nearly 70% of Indian firms affected by cyberattacks opted to pay ransom, highlighting a significant vulnerability in the country’s cybersecurity landscape. Despite 99% of respondents expressing confidence in their ability to recover from attacks, only 12% succeeded in fully recovering encrypted or stolen data. The survey also indicates a rise in AI-driven threats, with 71% experiencing AI-linked phishing attempts and 66% facing deepfake-style attacks. As cyber threats evolve, organizations are increasingly assessing third-party vendors and outsourcing security operations, underscoring a critical need for robust cybersecurity measures amid a complex threat environment. This underscores the urgency for Indian firms to develop comprehensive AI-use and data privacy policies to protect sensitive information.

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