News Security

Indiabulls Breached by CLOP Ransomware Operators

Indiabulls, has been reportedly breached by CLOP Ransomware operators. These operators, claim to have stolen data that includes four spreadsheets, among other files. Till now, CLOP Ransomware operators have uploaded six screenshots of stolen files and asked Indiabulls to contact them in 24 hours. According to a report by Bleeping Computer, the cyberattack on Indiabulls has come from CLOP Ransomware operators that steal unencrypted files and post some of them on their leaks website, demanding a ransom to stop them from posting all the stolen files.

According to our recent report The State of Ransomware 2020, 82% Indian organizations hit by ransomware in the last 6 months which is a 15% increase from 2017. In such a situation, it is imperative for Indian organizations to safeguard themselves from ransomware attacks.  

Key findings for India:

  • 82% Indian organizations hit by ransomware, 15% increase from 2017
  • Organizations in Delhi (85%) followed by Bangalore (83%), Kolkata (81%), Mumbai (81%), Chennai (79%) and Hyderabad (74%) were impacted by ransomware
  • Indian organizations incur costs of around ₹80,270,000 to rectify the impact of each ransomware
  • Data of most of the organizations in Bangalore (97%) was encrypted followed by Delhi (96%), Mumbai (88%), Hyderabad (88%), Kolkata (87%) and Chennai (68%)
  • 8% of victims were able to stop the attack before their data could be encrypted, compared with a global average of 24%
  • 66% of organizations whose data was encrypted paid the ransom
  • 29% of the IT managers surveyed were able to recover their data from backups without paying the ransom

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