Regulators are urging businesses across Asia to strengthen their protection against cyber attacks , while at the same time considering appropriate standards and supervisory tools , according to a report by Deloitte . It estimated that Korea , China , and Singapore are ten times more vulnerable to cyber attacks than other Asian countries , but a lack of established standards , excessive outsourcing and a lack of technical specialists is hampering some firms ' efforts 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.