India tops APAC ransomware target list
India has emerged as the most targeted market in the Asia-Pacific region for ransomware attacks, with businesses facing nearly 700 attacks every day, according to Kaspersky, as cyber criminals exploit legacy technology infrastructure and weak cyber hygiene.
Recent attacks on Tata Electronics and Bajaj Finance have shone a spotlight on the growing availability of “ransomware-as-a-service” (RaaS) platforms. Experts said Indian enterprises are at a crossroads, where rapid digital transformation and the adoption of new technologies are colliding with the need for stronger cyber resilience and faster incident response.
