SE Asian businesses face 400 ransomware attacks daily

Organizations across Southeast Asia are facing a concerning rise in ransomware attacks, with businesses in the region experiencing an average of 400 attempted attacks per day in 2024, according to international cybersecurity firm Kaspersky.

Ransomware, as the name suggests, is a malicious software designed to block access to a computer system or encrypt its data until a sum of money (a ransom) is paid. These attacks have been carried out on both individuals and corporations.

"With ransomware groups leveraging increasingly sophisticated methods, companies in the region are all feeling the pressure as attackers exploit vulnerabilities in the increasingly complex corporate IT and network infrastructure," said Adrian Hia, managing director for Asia Pacific at Kaspersky.