pemBusinesses have paid upwards of US$500,000 in ransom./em/p pClose to two-thirds of Singaporean businesses paid a ransom after a cyber attack to recover data and restore business processes in the past year, despite the majority of companies having a ‘do not pay’ policy, according to a report by Cohesity.
Two-thirds of Singaporean businesses paid ransoms from cyber attacks: reportClose to two-thirds of Singaporean businesses paid a ransom after a cyber attack to recover data and restore business processes in the past year, despite the majority of companies having a ‘do not pay’ policy, according to a report by Cohesity.
The majority or 80% said they were willing to pay a ransom, with 59% willing to pay over US$1 million and 16% over US$5 million. A third said the target recovery time to minimise the impact of cyber attacks was within one hour, and just 5% said their tolerance to business disruptions caused by cyber attacks was within 24 hours.
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