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 Japan, Korea, 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.
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.