These were among the findings from the 2023 CISO Report by Splunk, a cybersecurity and observability solutions provider. Chief information security officers (CISOs) and other security leaders across 10 countries globally, including Singapore, were surveyed from May 2023 to June 2023 for the report.
Ransomware is still rampant, with industries like financial services (59%), retail (59%) and healthcare (52%) experiencing attacks that significantly impacted their systems and business operations last year.
Of those that were hit with ransomware attacks, 83% paid the attackers and half paid at least US$100,000. Retailers were most likely to pay the ransom and they did so directly, through cyber insurance or a third party.
