Recent surveys show that in Asia, one in three organisations paid the ransom in a cyberattack, but was unsuccessful in recovering their data

Specific to Singapore, almost 50% of organisations were reportedly hit by cyberattacks between 1 and 3 times in 2023 and could not recover even after paying ransom, further perpetuating the lucrative ransomware cycle.

So what should be done in the event of a ransomware attack? How can businesses avoid being held ransom by ransomware?

Chua Chee Pin, Vice President of Southeast Asia and Korea, Veeam, a company specialising in data protection, backup, and disaster recovery solutions for virtual, physical, and cloud-based workloads, tells us more.