In the region damage to critical infrastructure concerned organisations.
Over the past 12 months 18 per cent of APAC organisations suffered seven or more attacks infiltrating their networks or systems over the past year, and the majority (81 per cent) suffered one or more attacks. Over two thirds (76 per cent) of surveyed organisations in APAC expect that such attacks are “somewhat” to “very” likely to be successful in the coming 12 months.
Trend Micro’s newly released Cyber Risk Index (CRI) is calculated by the Ponemon Institute by measuring the gap between organisations’ current security posture and their likelihood of being attacked.
The CRI is based on a numerical scale of -10 to 10, with -10 representing the highest level of risk. The current global index stands at -0.41, representing “elevated” risk. Although risk is lowest in APAC (-0.02) due to perceived greater cyber preparedness, all organisations show an elevated risk as all regions exhibit approximately the same level of risk.
Responding organisations in APAC claimed their top cyber-threat risks are:
- Man-in-the-middle attack
- Phishing and social engineering
Across APAC, organisations’ key concerns are:
- Customer turnover
- Stolen or damaged equipment
- Lost intellectual property (including trade secrets)
- Disruption or damages to critical infrastructure
- Productivity decline
Dr Larry Ponemon, CEO at Ponemon Institute said expanding this to be a global resource in 2020 opens the door for more organisations to leverage this useful information.
“Businesses of all sizes and industries across the globe can use the CRI to improve their protection strategy and better prepare their cybersecurity posture in the year to come,” he said.
There were differences between certain regions as well. In the US respondents were unique in listing the cost of outside consultants as a top negative consequence of attack, while in APAC damage to critical infrastructure concerned organisations.
The top APAC security risks within IT infrastructure were highlighted as:
- Organisational misalignment and complexity
- Cloud computing infrastructure and providers
- Shortage of qualified personnel
- Negligent insiders
- Malicious insiders
This is the third CRI study and shows a significant increase in cyber risk in 2020. The complete report shows this change over time, includes the greatest security challenges for businesses in APAC, and tips to minimise security risks.