Ransomware – The Second Pandemic

Jaco Benadie

Executive Director & Head of Cyber, KPMG in Malaysia

Session Outline

Ransomware may have started back in 1989 but first gained global notoriety as a result of the WannaCry attack in 2017. This campaign was unprecedented in scale, with an estimated 200,000 computers across 150 countries infected. Some unfortunate organisations spent in excess of US$100M to recover from this infection. The COVID-19 spread prevention lockdown orders resulted in a significant shift towards remote working with a rise in ransomware incidents. Vulnerabilities in people, process and technology controls, due to the move to remote working over this period have presented huge opportunities for cyber criminals.