Twenty-eight per cent of business leaders in Singapore, including those in the healthcare sector, paid up to avoid the potential injury or loss of life that could result from critical systems being blocked. Ransom demand amounts have gone up as well, with companies paying an average of around S$1.5 million.
Ransomware gangs have really upped their game in the last few years, generating billions in paid ransoms from public and private sector organisations.
Within Asia Pacific, Singapore has topped the list of most attacked countries, followed by Australia and India – taking 8th, 9th, and 10th places on the worldwide list respectively. The gangs have increased attacks on critical infrastructure operators, hospitals, manufacturing companies and pharma companies.
