Regulators are urging businesses across Asia to strengthen their defences against cyber attacks, while at the same time considering appropriate standards and supervisory tools, according to a report by Deloitte. It revealed that Korea, Japan, and Singapore are nine times more vulnerable to cyber attacks than other Asian countries, but a lack of established standards, excessive outsourcing and a lack of security specialists is hampering some firms' ability to tackle the risks. The report, titled Cyber Security in Asia: A Global Perspective, said there was an urgent need for countries such as South Korea and Japan to establish national cybercrime prevention plans and develop regulatory frameworks to protect
Regulators are urging businesses across Asia to strengthen their defences against cyber attacks, while at the same time considering appropriate standards and supervisory tools, according to a report by Deloitte. It revealed that Korea, Japan, and Singapore are nine times more vulnerable to cyber attacks than other Asian countries, but a lack of established standards, excessive outsourcing and a lack of security specialists is hampering some firms' ability to tackle the risks. The report also found cybercrime costs around $575bn per year.