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. 

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.

Take a step back, refocus, and Reset with Lynlee.

Take a step back, refocus, and Reset with Lynlee.

Airing weekdays from 1pm to 4pm, the show brings clarity to the stories shaping Singapore and the world — from current affairs and global developments to business trends and industry shifts. Through insightful conversations and fresh perspectives, Lynlee explores what’s driving the headlines and where things are heading next.

Featuring segments like Viewpoint, Industry Insight and Suite Talk, Reset goes beyond the noise to offer thoughtful analysis, real-world context and ideas that help you recalibrate for the rest of your day.

Take a step back, refocus, and Reset with Lynlee.
Airing weekdays from 1pm to 4pm, the show brings clarity to the stories shaping Singapore and the world &mdash; from current affairs and global developments to business trends and industry shifts. Through insightful conversations and fresh perspectives, Lynlee explores what&rsquo;s driving the headlines and where things are heading next.
Featuring segments like Viewpoint, Industry Insight and Suite Talk, Reset goes beyond the noise to offer thoughtful analysis, real-world context and ideas that help you recalibrate for the rest of your day.