Named as ‘DearCry,' the new ransomeware is "being used after an initial compromise of unpatched on-premises Exchange Servers," Microsoft said in a tweet on Friday.
Ransomware was reported as the most prominent root cause of healthcare breaches, accounting for a whopping 54.95 per cent.
Finance and insurance was the top attacked industry in India, followed by manufacturing and professional services, according to the 2021 X-Force Threat Intelligence Index released by IBM Security.
The gap between ransomware operators at different ends of the skills and resource spectrum will increase, according to the "Sophos 2021 Threat Report".
When it comes to the most common challenges faced by organizations, one of the most critical ones is the cybersecurity risks.
“It is very hard to tell how effective it will be but we are confident it will have a very long-lasting effect.”
The key to avoid such ransomware attacks is to shut down internet-facing remote desktop protocol (RDP) to deny cybercriminals access to networks.
"The growing demand for remote working coupled with the growing adoption of public Cloud services has exposed businesses to cyber attackers in multiple ways."
During the first quarter of this year, McAfee Labs counted 458 publicly disclosed security incidents, an increase of 41 per cent from the previous quarter.
The report from Global cyber security major K7 Computing also found that Chennai, Pune, Ahmedabad and Hyderabad recorded the highest rate of infections amongst Tier-I cities.
Europeans suffered the lowest percentage of security incidents in the Cloud, an indicator that compliance with General Data Protection Regulation (GDPR) guidelines are helping to protect organisations from being compromised.
"Storing back-up for important data is a basic step that needs to be taken especially by enterprises and government institutions in order to fight against attacks like ransomware."
"The attackers behind this threat appear to be skilled and experienced, capable of penetrating some of the most well-protected corporations."
Washington: Russia-based hackers are stepping up ransomware attacks against major US firms seeking to cripple computer networks if their demands for millions of dollars...
"Small companies may be in difficult circumstances and their first priority is to save their business and employees during the lockdown."
According to the survey, almost every company admitted to experiencing downtime, with 1 out of every 10 servers having unexpected outages each year - problems that last for hours and cost hundreds of thousands of dollars.
Hyderabad Cybercrime police has warned of such attacks and said that hospitals and medical centres were primarily being targeted by cybercriminals since they were overwhelmed with the health crisis
2020 Data Breach Investigations Report analyses 32,002 security incidents and 3,950 confirmed breaches from 81 global contributors from 81 countries