FEATURE : RANSOMWARE
Ransomware attacks in Singapore surge by over 60 % in 2022
New report offers insights into the impact of ransomware gangs on Singapore .
Palo Alto Networks has found that ransomware and extortion cases in Singapore increased by 63 % in 2022 with 18 reported cases across key sectors .
Threat actors are utilizing more aggressive tactics to pressure organizations , with harassment being involved 20 times more often than in 2021 , according to Unit 42 incident response cases . intelligence-driven , response-ready assistance to help organizations proactively manage cyber-risk .
The 2023 Unit 42 Ransomware and Extortion Report shares insights compiled based on findings from Unit 42 ’ s incident response work from approximately 1,000 cases throughout the past 18 months .
Specific to Singapore , the stats showed :
This harassment is typically carried out via phone calls and emails targeting a specific individual , often in the C-suite or even customers , to pressure them into paying a ransom demand .
Palo Alto Networks Unit 42 brings together worldrenowned threat researchers , elite incident responders and expert security consultants to create
• Singapore took up the second spot in Southeast Asia , with 18 reported ransomware attacks and a 60 % surge – accounting for almost 20 % of the attacks in the region
• High technology , manufacturing , professional and legal services and state and local governments remained the most targeted sectors in Singapore
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