More Legal Impetus Needed To Combat Ransomware Attacks, Says KPMG

Cyber criminals have capitalized on the disruption caused by the Covid-19 pandemic, with ransomware being a common modus operandi. Recent international cyberattacks on healthcare systems, national gas pipelines and water supplies show a ruthless drive for profit at the expense of human lives. One of the reasons behind the growing brazenness is due to the lack of legal ramifications against these types of attacks.

“Cyberattacks are no longer just a business issue but have become a threat to national security. The problem with cyberattacks such as ransomware is that these are essentially ‘borderless’ crimes. Most of these criminals cannot be held accountable for their actions if they are based in a different country from where the crime is committed without any law enforcement collaboration agreements in place,” said Jaco Benadie, Head of Cyber at KPMG in Malaysia.

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