Cyber crime is a serious business in Asia Pacific, with over US$1.7 trillion lost to cyber attacks last year, equating to 7% of the region’s GDP and representing around a third of overall global cyber crime.
This is largely because digitalization is rapid and technologies to combat cyber threats aren’t being implemented quickly enough to keep up; as fast as detection and prevention techniques improve, cyber crime continues to become more sophisticated. Attitudes towards cyber security are outdated, with a survey of IT and business decision makers revealing that although half have experienced a cyber attack, only a fifth see cyber security investments as a business differentiator.
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