Cyber Security Archives - CIO Tech Asia

Critical infrastructure organisations will experience a security breach by 2025

December 3, 2021December 2, 2021 CIO Tech Team

Security breach will result in the halting of an operations. Critical infrastructure security has become a primary concern for governments around the world, with the U.S., U.K. EU, Canada and Australia each identifying sectors deemed ‘critical infrastructure’, for example, communications, transport, energy, water, healthcare and public facilities. In some countries, critical infrastructure is state-owned, while in others, like the…

Top issues for auditors in 2022

November 15, 2021November 16, 2021 CIO Tech Team

Ransomware and long-term economic effects from COVID-19 are top issues for auditors in 2022. Ransomware and the long-term effects of COVID-19 on markets and organisations are key items to cover in 2022 audit plans, according to Gartner. The Gartner 2022 Audit Plan Hot Spots report also identified evolving societal expectations…

Global VM market sees strong growth due to rise in cyber threats

October 4, 2021October 7, 2021 CIO Tech Team

Enterprises are becoming more vulnerable to cyber-attacks as they embrace digital transformation initiatives. Enterprises are becoming more vulnerable to cyber-attacks due to an expanded attack surface resulting from multiple touchpoints through an open network and easy accessibility to databases and applications. The buoyant global vulnerability management (VM) market is expected…

Malicious cyber actors are actively targeting Australians

September 23, 2021September 24, 2021 Lilia Guan

Key cyber threats affecting Australia and provides vital advice on to protect businesses online. The Australian Cyber Security Centre (ACSC) has released its Annual Cyber Threat Report 2020–21, highlighting the key cyber threats affecting Australian systems and networks, and uses strategic assessments, statistics, trends analysis, and case studies to describe…

Bank customers in Singapore hit by fraud

September 17, 2021 CIO Tech Team

Banking and telecommunication systems not compromised. The Infocomm Media Development Authority (IMDA), Monetary Authority of Singapore (MAS), and Singapore Police Force (SPF) said that malicious actors overseas had diverted and used SMS one-time passwords (OTPs) to perform fraudulent credit card transactions affecting 75 bank customers in Singapore. These transactions, amounting…

Hackers sharing computer vision tools to supercharge capabilities

September 14, 2021September 18, 2021 CIO Tech Team

Increasing cybercrime sophistication and a boom in monetization and hacking tools. There has been a significant increase in the frequency and sophistication of cybercrime activity, including a 65 per cent rise in the use of hacking tools downloaded from underground forums and filesharing websites from H2 2020 to H1 2021.…

Spending on security solutions expected to grow in APAC

September 7, 2021September 10, 2021 CIO Tech Team

Accelerated digitalisation, cloud migration, security transformation, and cyber-attacks driving the spend. Investment in security-related products and services to grow at a robust rate of 14.1 per cent (CAGR) over the forecast period (2020-25) and reach USD 39 billion by 2025. According to the latest (IDC) Worldwide Semiannual Security Spending Guide,…

Automated attacks skyrocket with bad bots making up 40 per cent of all traffic

September 6, 2021September 7, 2021 CIO Tech Team

Most traffic originates from public data centres. Automated bot traffic has significantly increased over the past few years with bad bots accounting for a huge 40 per cent of all traffic, according to a new report from Barracuda, a trusted partner and leading provider of cloud-enabled security solutions. The new report, Bot attacks: Top Threats…

Tech support scams remain a threat globally and in Asia Pacific

September 2, 2021September 2, 2021 CIO Tech Team

Despite COVID-19 turbulence. There has been an overall fall in scam encounters – three out of five consumers (59 per cent) were found to have been targeted by a tech support scammer in the last 12 months, a drop from 64 per cent in 2018. One out of six consumers…

Singapore and US collaborate on cyber security

August 24, 2021August 24, 2021 CIO Tech Team

Prime Minister Lee Hsien Loong hosted Vice President of the United States of America (US) Kamala D. Harris During US VP Kamala Harris’ with Singapore’s PM, both countries affirmed the longstanding and multi-faceted partnership between Singapore and the US. They also welcomed the announcement of new areas of cooperation as…