Cyber Evolution: En Route to Strengthening Resilience in Asia-Pacific
The cyber threat landscape is morphing constantly and dramatically. Around the world, cyber dependency grows as increasing digital interconnection among people, things, and organisations expand. Asia-Pacific (APAC) is no different.
Knowing no boundaries, cyber incidents or data fraud and thefts that originate from North America or the European continent quickly impact APAC, inflicting significant financial and personal data losses, as well as severe business interruptions. These compound the effects of information infrastructure and network failures.
Beyond currency volatility to political instability and evolving regulations, conducting business across borders today involves more risks – and companies must add cyber to their list of risk concerns. Financial services, energy and utilities, and telecommunications are among the most investigated industries in APAC, highlighting the urgent need for higher awareness levels, stronger mitigation measures, and improved cybersecurity postures.
Cyber challenges in APAC, such as low cybersecurity investments and long dwell times, can be attributed to the complex geopolitical tensions, exposed critical infrastructure, and the severe shortage of cybersecurity talents in the region.
Fortunately, the regulatory climate in APAC is changing – slowly but surely. Although most APAC countries today are not legally obliged to report any cyber incidents and many remain silent, countries such as Singapore and Australia already have plans to adopt mandatory breach notification laws in 2018. The sooner governments and businesses recognise today’s cyber landscape poses a top enterprise risk, the better prepared they can be to take active steps to address the inevitable breach.
As trusted cyber advisers, FireEye and Marsh & McLennan Companies – each a leader in its own field – have collaborated to produce this white paper to help organisations across APAC build and strengthen their enterprise cyber resilience.