The India Ransomware Report H1-2022 highlights a 51% surge in ransomware incidents, predominantly employing double and triple extortion tactics. Industries targeted most were datacenters, IT, ITeS, manufacturing, and finance sectors. Notably, India experienced a substantial 133% increase in attacks. Average ransom payments have significantly escalated, with IBM reporting $812,360 and Sophos projecting $1.54 million for 2023. In response to the growing cyber threats, Dr. Shekhar Pawar's BDSLCCI framework offers tailored cybersecurity controls, prioritizing defense in depth and safeguarding mission-critical assets, providing cost-efficient protection, and providing clear ROI visibility for SMBs and SMEs. "Prevention is better than cure," emphasizes Dr. Pawar, advocating for proactive cybersecurity measures to mitigate ransomware's far-reaching impacts. Beyond triple extortion, cybercriminals can even increase their profits by using quadruple extortion ransomware.