The research also states that 61% of organisations in Asia Pacific (APAC) expect cybersecurity budgets to increase in 2022. Despite that, growing cybersecurity budgets do not necessarily buy improved degrees of protection and confidence. Only 39% of IT decision-makers in APAC express a high degree of confidence in their organisation’s ability to prevent or mitigate cybersecurity threats.
The ExtraHop 2022 Cyber Confidence Index—Asia Pacific study reveals that 83% organisations in the region were breached by ransomware at least once in the past five years.
However, only 32% publicly disclosed that an incident occurred, while 48% kept it as private as possible. This is largely against the wishes of IT security personnel, of whom 66% feel it would be better to be transparent and public about ransomware attacks.
