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Firms caught in ransomware should resist paying up: Cybersecurity Agency of Singapore

High profile ransomware cases have grabbed headlines in recent months and crippled businesses from all over the world. Singapore isn't spared - the number of ransomware incidents reported to the Cyber Security Agency of Singapore (CSA) rose 154 per cent in 2020 and this year's figures are on track to surpass that.

The person who locked up your computer is a criminal. In the event that you pay the ransom, there's no guarantee that they will give you what they promise. In fact, studies show that businesses that coughed up money were identified as soft targets, increasing the chances of them being hit again. When you pay the ransom, you actually encourage these bad guys to continue their criminal activities and target more victims.

Tags

tech & data, cybersecurity

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