Ransomware continues to be a significant threat to businesses in Singapore, with 0.18% of Kaspersky enterprise users affected in the first half of 2025. This figure, though seemingly small, highlights the targeted nature of ransomware attacks, which often focus on high-value targets such as large corporations and banks. Kaspersky, a global cybersecurity company, has identified the top five ransomware families targeting enterprises in Southeast Asia, including Trojan-Ransom.Win32.Wanna and Trojan-Ransom.Win32.Gen.
These ransomware types modify data on victim computers, rendering it unusable until a ransom is paid. Kaspersky’s findings also reveal that organisations in Southeast Asia faced an average of 400 ransomware attempts daily throughout 2024, totalling 135,274 blocked attacks.
Adrian Hia, Managing Director for Asia Pacific at Kaspersky, commented on the rise of AI-powered ransomware groups like FunkSec, stating that AI is lowering the cost and skill barriers for cybercriminals, making attacks more frequent and harder to detect. This development poses urgent challenges for governments, businesses, and individuals.
To combat these threats, Kaspersky recommends several best practices, including enabling ransomware protection for all endpoints, keeping software updated, and focusing on detecting lateral movements and data exfiltration. They also advise installing advanced threat discovery solutions and using the latest threat intelligence to stay informed about tactics used by cybercriminals.
Kaspersky continues to offer a range of cybersecurity solutions to protect organisations of all sizes, emphasising the importance of adapting to changing cybersecurity needs.
