Nearly 61 per cent of security professionals expect AI-enabled threats to affect their organisation in 2023, with AI-powered malware cited as the top concern.
Information security company, CyberArk, on Sunday said that more than 91 per cent of the Indian organisations experienced ransomware attacks in 2022 while 55 per cent of the affected organisations reported paying up twice or more to allow recovery, signalling that they were likely victims of double extortion campaigns.
CyberArk, in its report said that Indian organisations experienced growing cyber debt in 2022 where security spending over the pandemic period lagged investment in broader digital business initiatives.
In 2023, levels of cyber debt are expected to rise as a result of an economic downturn, increased staff turnover, a drop in consumer spending, and an uncertain global environment.
