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.

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We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.

Stay in the know with programs such as Viewpoint and Industry Insights in property, cryptocurrency, aviation, and shipping. We delve into the latest news, current events, and market updates to provide you with valuable insights into making informed financial decisions.

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