Daily Cuts - Why do Singapore firms still pay ransom to cyber attackers?
A recent study found that 3 in 5 companies in Singapore paid ransoms during cyberattacks in 2023 — of these, 36 percent paid at least half a million US dollars. Andrea Heng and Hairianto Diman find out why and whether companies even have the option of holding out or stalling such ransom payments in the event of a cyber attack, and what remedies are available to them with Koh Ssu Han, Solutions Engineering Director for ASEAN, CyberArk
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10 min
