Ransomware attacks on Singapore organisations spike after major events

96% of organisations say their plans can detect vulnerabilities in identity systems.

79% of ransomware attacks on Singapore organisations occurred after a material corporate event, making these transitions a major point of exposure, according to a report from cyber firm Semperis.

Among those cases, 63% followed mergers or acquisitions, and 57% happened after layoffs or redundancies.

The report also showed that 59% of Singapore organisations faced ransomware incidents during holidays or weekends, a higher rate than the United States (56%), the United Kingdom (50%), and Australia and New Zealand (52%).

Security operations coverage commonly drops during these periods. 67% of respondents cited work-life balance, 49% said their business was closed, and 30% said they did not expect to be targeted.

Identity threat detection and response practices in Singapore remain uneven. 96% of organisations say their plans can detect vulnerabilities in identity systems, but only 39% include procedures for remediation.

In global comparison, 52% of organisations were targeted on holidays or weekends, and 78% reduced security operations staffing by at least half during those periods. Meanwhile, 6% cut it entirely.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia