Reality of ransomware attacks

Instead of paying ransoms, companies should strengthen their cybersecurity to prevent severe disruptions. — Image by gstudioimagen1 on Freepik

Despite companies having a “do not pay” policy for ransomware attacks, most have little choice due to the massive disruption to their operations.

Findings from a study commissioned by cybersecurity firm Cohesity revealed that the majority of companies hit by ransomware attacks last year made payments to cybercriminals to resolve the incidents – 76% in Malaysia and 64% in Singapore.