Most companies in four Asia-Pacific countries have had to protect against phishing and ransomware attacks, with those infected in Australia being the most willing to pay ransomware demands. Australians are also the most likely to be victims of such attacks, with 92% reporting phishing incidents and 90% reporting business email compromise attacks.
As per Proofpoint’s State of the Phish report, another 86% and 80% have had to deal with ransomware and supply chain attacks, respectively. In Singapore, South Korea, Japan, and Australia, 2,000 employees and 200 security professionals were polled. Singaporeans experienced the next highest number of attacks, with 85% dealing with phishing incidents and 78% dealing with ransomware attacks. Another 72% reported business email compromise, with 46% reporting direct financial loss.
However, while Singapore reported the highest number of ransomware infections (68%), their Australian counterparts (58% of whom were infected) were more likely to cave to ransom demands when breached. In Australia, 90% admitted to making a payment at least once, compared to 71% in Singapore and 63% in South Korea. Only 18% of Japanese businesses paid at least one ransom, the lowest overall, while the global average was 64%.
In accordance with the report, Japanese law forbids local businesses from transferring funds to organized crime, which may include c
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