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Singapore firms unprepared for ransomware attacks during off-hour periods

The Edge Singapore
The Edge Singapore • 2 min read
Singapore firms unprepared for ransomware attacks during off-hour periods
Cybereason's report also reveals that the retail and transportation sectors are high-value targets for ransomware attackers.
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There is a disconnect between the risk ransomware poses to organisations and their preparedness to respond during off-hour periods, according to the “Organizations at Risk: Ransomware Attackers Don’t Take Holidays” report by cybersecurity firm Cybereason.

More than a third (35%) of Singapore companies do not have specific contingencies in place to promptly respond to ransomware attacks during weekends and holiday periods.

This is despite the fact that they have already been victims of ransomware attacks during those off-hour periods. Over two-thirds (68%) of those previous attacks were successful due to a lack of implementation for security solutions or cybersecurity coverage.

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