As technology develops, the cybersecurity industry faces shifting challenges and opportunities. The foundation of a strong cyber-resilient organisation is a governance framework for managing cyber risks. 4. Organisations should ensure their cyber risk operations team supports three primary functions to build robust cyber and technical threat intelligence capabilities. Stay tuned for an update in Q4 2020. Read more of our, thought leaders’ perspectives on cybersecurity and policy. 1. Much has been said about the lack of cybersecurity talent globally and the critical skills gap that persists. In 2020, we expect to see greater evaluation of EQ rather than IQ to find curious minds with problem-solving skills, be they engineers, analysts or even communications specialists. The role of CEO in Cyber security practice: 2. , 4G will still account for 68% of global mobile users by 2025 in this region. Reluctance to share cyber threat intelligence. Connected devices will need to be continuously retrofitted and updated in order to remain secure. Such behaviour is echoed by both a low awareness of cybersecurity hygiene in some emerging markets and a perceived complacency in others, such as Singapore. Many rural areas could still operate under LTE models, simply due to the longer range of 4G, compared to 5G’s mmWave. , making this region likely to be the worst affected. While some efforts – such as Japan’s recent updates of its data privacy law – have been spearheaded by compliance with the European Union’s GDPR, it is important for enterprises to note the varying states of maturity and local nuances. There is a need for automation, given that large organisations do not have enough time and resources to dedicate to cloud security audits and training. There also is a growing trend among governments globally – including those in Asia Pacific- to issue guidance or regulations related to IoT device security. Inability to look at the big picture. From connected doorbell cameras to wireless speaker systems, we will see a growth in attack modes coming in via unsecured apps or weak login credentials. 71 of 2019 would mandate that public agencies must manage, process and store data within Indonesia (according to unofficial translations). Japan, which is hosting the 2020 Summer Olympics and Paralympics, has a lot to learn from the United Kingdom on cybersecurity. A growing number of proposals in the region also would require housing data in its country of origin; these tend to be driven by privacy and security concerns. Asia Pacific is projected to be the global IoT-spending leader in 2019, accounting for approximately 36.9% of worldwide spending, according to IDC. The first step of any cyber security journey lies in making sure that management and every level of the organisation takes ownership of the necessary tasks as a shared issue. We expect more regulatory proposals that regulate or restrict the movement of data across borders, particularly public sector information. Board participation in Cyber security practice. The next president will have an opportunity to elevate the status of cyber issues in U.S. Asia policy. Major cybersecurity issues on the horizon for the Asia-Pacific region include 5G security, addressing the talent shortage and navigating IoT security. Cybersecurity Ventures will be adding to our list of Asia-Pac cybersecurity companies which currently covers China as the first country compiled. Cybersecurity. 70% of large organisations in APAC have misplaced confidence in cloud security, believing security by cloud providers alone is sufficient. An organisation’s cyber threat-monitoring and analysis activities are often disjointed; for example, spread across multiple locations, maintained by different internal and external organisations, and hosted on multiple systems. Figure 1. Taking a one-size-fits-all approach. This post is also available in: Existing security monitoring is largely focused on identifying and reacting to cyber threats in isolation. 70% of respondents would like to be given more control over the collection and use of their personal information. It generally takes an average up to 200 days for organizations to find out that they have been breached. Some countries, including. For mid-sized healthcare organizations, the average economic loss was US$17,000. Kaspersky Security Network (KSN) cloud service statistics for July-September 2016 were unveiled at the event, showing that in selected Asia-Pacific countries (Australia, China, India, Indonesia, Malaysia, the Philippines, Singapore, Thailand, Vietnam), an average of 49% of users encountered security incidents related to local networks and removable media, and 17% of users faced web-related threats … All things said, the forecast for cloud adoption shows clear skies ahead. 14 January, 2020 . 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