422 views
Photo by Guerillabuzz from Unsplash

Singapore leads world in ransomware-linked regulatory threats

This figure compares to 47% across nine other major economies.

Singapore organisations are the most frequent targets of regulatory extortion tactics by cybercriminals, according to new findings from cybersecurity firm Semperis.

In its 2025 Global Ransomware Risk Report, 66% of Singapore-based respondents reported being threatened with regulatory complaints if they did not report cyber incidents — the highest rate globally.

This figure compares to 47% across nine other major economies, including the United States, the United Kingdom, Germany, and Australia.

The report also found 85% of affected organisations in the Asia-Pacific region had paid ransoms to restore systems or prevent data leaks.

In Singapore specifically, 50% of those impacted reported making multiple ransom payments, suggesting ongoing challenges in containing threats and preventing recurrence.

Semperis noted that this rate of payment exceeds that of other regions — including the UK (68%), North America (66%), and Europe (50%).

Cyberattacks on identity infrastructure — such as Active Directory and cloud-based identity platforms — were cited as a leading attack vector. 93% of Asia-Pacific organisations experienced identity-related breaches over the past year, significantly more than other forms of compromise.

Beyond technical disruptions, the report indicated that ransomware incidents have contributed to leadership changes. In Singapore, 67% of respondents said that a cyberattack led to the resignation or dismissal of senior executives.
 

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

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.

Top News

iFAST debuts as ETF issuer with four SGX listings
They offer exposure to Japanese, South Korean, and Taiwanese stocks.The Singapore Exchange (SGX) has listed four iFAST Xtrackers UCITS exchange-traded funds (ETFs) on 22 October, giving investors access to the equity markets of Japan, South Korea, and Taiwan.
Markets