Enterprise security spending in Singapore to surpass US$2b

Continued rise in security breach incidents at enterprises. The total addressable market size of enterprise security in Singapore, in terms of spending opportunity, is poised to reach about US$2.2bn in 2025, mainly led by the huge demand for managed security services, identity & access management and endpoint security platforms, says…

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Fraud prevention strategies are imperative amid rising eCommerce transactions

Online merchants must keep customers secure. eCommerce merchants can gain superior data efficacy and organizational visibility and optimize their customer experiences by partnering with an expert. Online spending is rising, with over 2 billion people buying products or services online. Frost & Sullivan found that eCommerce in the United States…

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Enterprise security spending in South Korea to reach $US2B in 2025

Massive increase in the volume and magnitude of cyber-attacks. The total addressable market size of enterprise security in South Korea, in terms of spending opportunity, is poised to reach $US2bn in 2025 as the need to secure vital information assets against security breaches becomes crucial for enterprises shifting towards digital…

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New Zealand touts cyber security as everyone’s problem

Recent milder DDoS cyber compared to 2020. A recent cyberattack – which  affected ANZ, Kiwibank, NZ Post, and possibly MetService – were distributed denial of service (DDoS) attacks. Such attacks were unsophisticated and the effect appears limited, according to a number of media sources. These attacks were milder compared to…

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APAC businesses blame cyber attacks on unknown assets

Complex challenges faced in securing networks and systems for remote workers in the post-pandemic era. A new poll by MIT Technology Review Insights, in association with Palo Alto Networks, uncovers the complex challenges Asia-Pacific companies face in securing networks and systems for remote workers in the post-pandemic era.  In this new cybersecurity landscape, conducting…

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Worldwide security and risk management spending to exceed $US150B

Security and risk management spending grew 6.4 per cent in 2020. The strong growth rate reflects continuing demand for remote worker technologies and cloud security, according to analyst firm Gartner. “Organisations continue to grapple with the security and regulatory demands of public cloud and software as a service,” said Lawrence…

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Global cyber agencies share top routinely exploited vulnerabilities

Four of the most targeted vulnerabilities in 2020 involved remote work. The US Cybersecurity and Infrastructure Security Agency (CISA), Australian Cyber Security Centre (ACSC), United Kingdom’s National Cyber Security Centre (NCSC) and Federal Bureau of Investigation (FBI) released a joint cybersecurity advisory highlighting the top Common Vulnerabilities and Exposures (CVEs) routinely…

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Singapore to build a foundation of trust

Government says digital transformation requires security. Singapore will commit another $50 million over the next five years to bolster its digital trust capabilities. According to Josephine Teo Minister for Communications and Information, this initiative will bring together industry players, research institutions, and institutes of higher learning to drive research and…

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Apathetic leadership is major barrier to cybersecurity in APAC

COVID-19 accelerated period of digitisation and improved cybersecurity, but systemic security issues persist. Despite cyberattacks increasing, cybersecurity budgets have remained stagnant and executive teams continue to underestimate the level of damage threats can do to organisations. Nearly 70 percent of Asia Pacific organisations suffered a data breach in 2020, an increase…

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