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,…
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Automated attacks skyrocket with bad bots making up 40 per cent of all traffic
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…
Read MoreTech support scams remain a threat globally and in Asia Pacific
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…
Read MoreSingapore and US collaborate on cyber security
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…
Read MoreNon-C-Suite employees are attractive targets for attackers
An average organisation is targeted by over 700 social engineering attacks each year. When it came to business email compromise attacks (BEC), a whopping 77 per cent of attacks target professionals outside of finance and executive roles, including personnel working in roles like sales (19 per cent), project management (10…
Read MoreCyber attackers will have weaponised operational technology environments
Organisations can reduce risk by implementing a security control framework By 2025, cyber attackers will have weaponized operational technology (OT) environments to successfully harm or kill humans, according to Gartner, Inc. Attacks on OT – hardware and software that monitors or controls equipment, assets and processes – have become more common. They…
Read MoreCross-border tools to boost Philippines’ digital competitiveness
NPC’s new initiative. The National Privacy Commission (NPC) has issued its first guidance on the adoption of tools which compliments data management and cross-border transfer standards across the Association of Southeast Asian Nations (ASEAN), a move that will help Philippine businesses unlock more gains in the fast expanding digital economy…
Read MoreTfNSW and Sydney Trains not effectively managing cyber security risks
Both NSW government agencies have assessed their cyber security risks as unacceptably high Transport for NSW and Sydney Trains are not effectively managing their cyber security risks. Significant weaknesses exist in their cyber security controls, and both agencies have assessed that their cyber risks are unacceptably high. According to the…
Read MoreMcAfee founder confirmed to have passed away
Law firm confirms death of controversial technology figure The team at Gordon Law Group has confirmed the death of its client John McAfee, founder of McAfee anti-virus software. According to the law firm McAfee was found dead in his Spanish prison cell shortly after the Spanish court approved his extradition…
Read MoreCyber and crypto agency of Indonesia reinforces country’s cyber security
Enhance capacity development and institution building within government. Badan Siber dan Sandi Negara (BSSN), the Cyber and Crypto Agency of Indonesia has signed a memorandum of understanding (MoU) in line with their shared goal of reinforcing the cybersecurity capability of the country. Indonesia is facing rapid digitalisation which has led…
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