target audience: TECH SUPPLIER Publication date: Jun 2024 - Document type: IDC Survey - Doc Document number: # AP50956924
The State of Ransomware in Asia/Pacific: A Comprehensive Analysis of Ransomware Trends, Payment Dynamics, Data Exfiltration, and Cybersecurity Solutions
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Abstract
This IDC survey offers insights into the evolving ransomware landscape within the Asia/Pacific region, examining key areas, such as ransomware attack frequency, ransom payments, the effectiveness of security technologies in early ransomware detection, and the critical role of robust backup and disaster recovery strategies. The report also explores initial points of compromise, highlighting how attackers exploit vulnerabilities in legitimate websites and software through drive-by compromise attacks and employ phishing tactics tailored to local cultural norms to deceive victims.
Additionally, the study addresses the intricate dynamics of Asia/Pacific cyber-insurance, detailing policy specifics, coverage extents, premiums, negotiation strategies, and effective measures to reduce premiums. This presentation provides indispensable guidance for technology suppliers, sales leaders, and tech marketing professionals, offering essential insights into the region's complex and high-stakes cyberthreat landscape.
"The Asia/Pacific cyberthreat landscape is marked by rapid digital transformation and increasing sophistication of ransomware attacks," says Sakshi Grover, senior research manager, IDC Asia/Pacific. "The surge in ransomware payments, driven by the exploitation of vulnerabilities in critical infrastructure and supply chains, has led to 59.6% of Asia/Pacific enterprises being victims of ransomware attacks in 2023. Technology suppliers must adapt to regional needs by prioritizing comprehensive identity and access management, leveraging advanced threat intelligence, ensuring robust disaster recovery strategies, and providing comprehensive cloud security and monitoring solutions. Regularly checking compliance and governance standards, along with embracing modular and flexible pricing models, will also be key in addressing the diverse requirements of enterprises in this dynamic environment," Grover adds.