Cybersecurity is still challenging for ASEAN businesses
November 29th, 2021 – ASEAN businesses are still challenged by cybersecurity problems, especially with the data protection landscape in the region fast changing. With recent media reports of cyber attacks targeting regional entities, it is clear that cyber security threats are on the rise.
Cyber attacks are not just for Fortune 500 companies anymore. As a result of the availability and widespread use of computing technology, small and medium-sized enterprises (SMEs) have become attractive targets for cybercrime, with many having been compromised or suffering from data loss.
The Covid-19 pandemic has demonstrated the importance of the internet and computers for SMEs to keep and grow their business. Over the past 18 months, the pandemic has increased malicious emails, phishing attacks, fraud and malware. Criminals target SMEs as well, knowing that many employees are now working remotely without adequate cybersecurity defenses.
The growth of this region is happening mainly in Indonesia, Vietnam, Malaysia, Singapore and Thailand. SMEs are at the forefront of this growth. However, they face unique challenges in cybersecurity. This is because they typically have less sophisticated infrastructure than larger firms with dedicated security teams. They also may not have the financial resources to cover cyber security vulnerabilities.
Written by Techwire Asia
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