Asia Pacific (APAC) organizations’ failure to prioritize cybersecurity is hindering their digital transformation journey, Forcepoint revealed the findings of an APAC study conducted by Frost & Sullivan
The study concluded that most APAC organizations (83%) don’t think about cybersecurity while embarking on digital transformation projects. Although the majority of the organizations (72%) conduct regular breach assessment to protect themselves against cyberattacks, still 55% of them were at risk.
It was also revealed that Cloud is a key component of digital transformation (69% of respondents have adopted cloud) but most organizations think cybersecurity is the responsibility of their cloud service provider.
“It’s clear from this study that many APAC organizations are on the back foot when it comes to enterprise cybersecurity in the borderless organization,” said Kenny Yeo, Industry Principal, APAC ICT, Frost & Sullivan. “Security leaders need to look beyond perimeter security, leverage automation, and have a better grasp of the psychology of both cybercriminals and their business users. Incorporating behavior modeling into their IT security architecture is certainly a way to identify potential risks and fend off cyberattacks.”
- 35% of APAC organizations suffered at least one cybersecurity incident in the last 12 months.
- On a country level, Indian (69%) and Australian (63%) firms were found to be most at risk of cyberattack.
The study reveals the impact digital transformation is having on each organization’s risk posture. As more digital technology is built into a business like cloud and mobility, it is opening each organization up to more threats. Data exfiltration, impersonation – both thefts of digital identity and online brand impersonation − loss of intellectual property and malware infection emerged as the top security blind spots for organizations rolling out digital transformation. These five incidents, the study states, have high levels of business impact and long recovery times.
“Organizations today need to urgently to embrace “secure-by-design” into their digital transformation projects. Adopting a behavior-centric security approach that focuses on understanding users’ behavior on the network and within applications to identify behavioral anomalies can mitigate cyberattacks before they happen,” said Alvin Rodrigues, senior director and security strategist at Forcepoint Asia Pacific.
400 respondent organizations across the Asia Pacific participated in this study.
- 100 respondents each from Australia, Hong Kong, India, and Singapore.
- Organizations hail from key industries like financial services, telecom, manufacturing, energy & utilities, retail, education, and healthcare.
- 53% of the respondents were from large enterprises. The remaining were from mid-sized enterprises and SMBs.
- 75% of the respondents were C-level executives and senior IT and security decision-makers.
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