Businesses fear rise of third-party attacks, as ransomware impact grows

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Eileen Yu

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Eileen Yu, Contributor

Eileen Yu

Eileen Yu
Contributor

Eileen Yu began covering the IT industry when Asynchronous Transfer Mode was still hip and e-commerce was the new buzzword. Currently an independent business technology journalist and content specialist based in Singapore, she has over 20 years of industry experience with various publications including ZDNet, IDG, and Singapore Press Holdings.

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Posted in By The Way

on December 8, 2021

| Topic: Security

The majority of global businesses believe supply chain attacks can become a major threat within the next three years, with 45% experiencing at least one such attack in the last 12 months. This figure is higher, at 48%, in the Asia-Pacific region, where organisations also are reporting more ransomware attacks and paying out higher ransoms than their global counterparts. 

Worldwide, 84% of enterprises expressed concerns third-party attacks could become a major cyber threat over the next three years, according to a report commissioned by CrowdStrike. However, just 36% had vetted all their software suppliers for security purposes in the past year, including 40% in Asia-Pacific.

Conducted by market researcher Vanson Bourne, the study surveyed 2,200 senior IT security executives and decision makers across 12 global markets between September and November this year. These included four in Asia-Pacific, where 300 respondents were from India, 200 each from Japan and Australia, and 100 from Singapore.  

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