Ransomware attacks are on the rise in the Asia Pacific region, making them more prevalent now than ever before. While some organizations have suffered financially, others have suffered legal ramifications.

According to the Global State of Industrial Cybersecurity: Resilience Amidst Disruption report, 65% of organizations in the APAC were affected by ransomware attacks in 2022, with 45% paying the ransom. Victims could pay roughly $265 billion annually by 2031, factoring in a cost increase of 30% every year for the next decade.

But the harm goes beyond the ransom - there’s the revenue lost while getting the affected business up and running again. The race between cyber attackers and defenders is always going to fluctuate, but what isn’t an option is waiting on the sidelines to see who wins.