March 26, 2023

Organisations in Australia, the US, and Singapore are amongst the particular top most likely to put a halt on their digital change initiatives due to cyberwarfare threats. Their counterparts in Japan are the least likely to pay in the event of a ransomware attack, joining government organisations as the sector least prone to do so as well.  

The Russia-Ukraine war has intensified the cyber threat landscape and impacted corporate decisions, with 55% of global organisations revealing they have stalled digital transformation projects because of cyberwarfare risks, according to findings from Armis’ State of Cyberwarfare plus Trends report. The security vendor polled 6, 021 IT and security professionals across 14 markets, including 501 respondents each within Singapore plus Japan, and 511 in Australia.  

At 79%, Australian companies were the most likely to halt their own digital modification initiatives over cyberwarfare threats, followed by the particular US at 67%, Singapore at 63%, the UK at 57%, and Denmark at 56%.  

Some 40% associated with respondents within Australia saw more threat activities on their networks between May plus October last year, compared in order to the previous six months, with 57% confirming their particular organisation had experienced a cybersecurity breach.  

“Many Australians possess felt the effects of cyberwarfare first-hand through the ongoing fallout from the Optus and Medibank breaches, ” said Armis’ ANZ partner business manager Evan Thomas. “Threat levels are increasing across the particular region and Australia is no exception, with resources that should be going into building businesses being diverted to tackle this situation instead. inch

Describing cyberwarfare as “the future associated with terrorism on steroids”, Armis’ CTO plus co-founder Nadir Izrael said it provided a cost-effective and asymmetric method of attack, and companies had to be constantly vigilant and invest sources to defend against such risks.  

“Clandestine cyberwarfare will be rapidly becoming a thing of the past. We now see brazen cyberattacks by nation-states, often with the intent to gather intelligence, disrupt operations, or outright destroy data, ” Izrael said.  

In Singapore, 60% of respondents admitted to experiencing a cybersecurity breach , while 36% saw more threat activities on the networks between May and October this past year, compared to the particular previous six months. Companies in healthcare and telecommunications saw the highest increase.

Over in Japan, 44% stated they experienced the cybersecurity infringement. Faced with a ransomware assault, though, Japanese organiastions were the least likely to fork out for the ransom, with 7% saying they would. In comparison, 47% in the particular US mentioned their company’s policy was to always pay the ransom , according in order to the Armis report.  

Across the particular board, 31% of participants from companies with more than 500 employees said their policy was to never pay in the event associated with a ransomware attack, in comparison to 23% of their peers through companies along with between 100 and 249 employees.  

Respondents from government organisations were the particular least probably amongst all sectors to pay in the event of a ransomware attack, with 43% noting their carrier’s policy has been to never spend, compared to the worldwide average associated with 26%.  

And while 31% globally stated their organisation would only pay when customer data was at risk, 24% mentioned their plan was in order to always pay out the ransom.  


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