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

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.  

At 87%, more in Asia-Pacific than the global average expressed concerns supply chain attacks were becoming a major cyber threat, the study revealed. 

Amongst the 48% in the region that reported at least one such attack in the past year, 36% were from Singapore where 57% could not ascertain

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