Straits Times: Should S’pore compel insurers to report ransomware incidents?

Our CEO Gaurav Keerthi explained to Krist Boo from The Straits Times that when a ransomware attack hits their company, many SMEs turn to the authorities hoping that they have a “magic key” to save them.
Unfortunately, the harsh reality hits them: There’s no magic decryptor. No “Undo.” Authorities won’t have the solution."Your main overriding concern [as a victim] is to get back in shape. Informing other people who will ask you questions is not top on your list of priorities."

Read the full story here: https://www.straitstimes.com/business/should-spore-compel-insurers-to-report-ransomware-incidents

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