Ransomware attacks surge in India: 24% increase in first half of 2024, Kaspersky reports

India has seen a significant rise in ransomware attacks, with 156,917 incidents reported in the first half of 2024, according to Kaspersky’s latest cybersecurity report. This marks a 24% increase compared to the same period in 2023, highlighting the growing threat to businesses and companies across the country.

Kaspersky’s data reveals that sectors like healthcare, financial services, manufacturing, and government agencies are the primary targets. High-profile cases include attacks on India’s largest health insurer, a major electricals and cable manufacturer, and a technology service provider for rural banks. These sectors have become prime targets due to their critical nature and reliance on sensitive data.