Story image

74% of Asia-Pacific-Japan organisations face cybersecurity poverty

21 Jul 16

Seventy-four percent of APJ respondents are at 'significant' risk of cyber incidents, and 70% have had cyber breaches that have negatively impacted their business, a new RSA survey has found.

The RSA Cybersecurity Poverty Index examined more than 200 respondents in the APJ region, using the NIST Cybersecurity Framework (CSF) as a guide. The survey found that only 23% of organisations consider their cyber security strategy 'mature' and many will only invest in cybersecurity after an incident has happened.

“The results of this research provide insight into how the APJ region can improve its overall cybersecurity maturity. Over the next few years, we are bound to face more vulnerabilities as technology and internet penetration in the region is set to grow in parallel alongside sophisticated cyber threats," says Nigel Ng, vice president, APJ, RSA, The Security Division of EMC.

The survey says that organisations are unable to quantify the Cyber Risk Appetite, which makes it harder for them to plan security strategies such as mitigation and investment.

"Southeast Asia, which is now the world’s fastest-growing internet region globally, where the internet user base is expected to double to 480 million by 2020. So it is more important than ever for organisations of all sizes to acknowledge weaknesses, review their cybersecurity strategies and move beyond conventional approaches – like perimeter-based protection -- when thinking about security," Ng continues.

The survey also found that Response and Detection strategies were the least mature, despite being the most powerful ways to combat cyber incidents. Instead, businesses are more focused on Protection, which the report says are becoming 'increasingly ineffective' as threats become more complex.

The report says 'Organisations must focus on executing preventative strategies and improving capabilities that offer complete visibility to detect and respond to advanced threats before they can impact the business'.

In addition, smaller businesses with fewer than 1000 employees are less likely to have clear strategies, with 85% stating they are 'not well prepared' for cyber threats, compared to 61% of medium businesses (1000-10,000 employees) and 65% of large businesses (10,000+ employees).

The survey says smaller organisations are potentially better targets as they are significantly less prepared than larger organisations.

The survey was a self-assessed by respondents in the Asia-Pacific region and analysed the Identify, Protect, Detect, Respond and Recover functions as outlined in the NIST CSF.

Disruption in the supply chain: Why IT resilience is a collective responsibility
"A truly resilient organisation will invest in building strong relationships while the sun shines so they can draw on goodwill when it rains."
Businesses too slow on attack detection – CrowdStrike
The 2018 CrowdStrike Services Cyber Intrusion Casebook reveals IR strategies, lessons learned, and trends derived from more than 200 cases.
What disaster recovery will look like in 2019
“With nearly half of all businesses experiencing an unrecoverable data event in the last three years, current backup solutions are no longer fit for purpose."
Proofpoint launches feature to identify most targeted users
“One of the largest security industry misconceptions is that most cyberattacks target top executives and management.”
McAfee named Leader in Magic Quadrant an eighth time
The company has been once again named as a Leader in the Gartner Magic Quadrant for Security Information and Event Management.
Symantec and Fortinet partner for integration
The partnership will deliver essential security controls across endpoint, network, and cloud environments.
Is Supermicro innocent? 3rd party test finds no malicious hardware
One of the larger scandals within IT circles took place this year with Bloomberg firing shots at Supermicro - now Supermicro is firing back.
25% of malicious emails still make it through to recipients
Popular email security programmes may fail to detect as much as 25% of all emails with malicious or dangerous attachments, a study from Mimecast says.