A Quarter of APAC Firms Still Uncertain of Security Breach Status
According to a recent study by Frost & Sullivan, one in four companies in the Asia-Pacific region are not sure if they have had a security breach, while around 27% say they have not conducted any kind of data breach assessment.
The study, which was commissioned by Microsoft, involved 1,300 respondents from various markets including Singapore, Indonesia, Australia, India, Japan, and China. It was established that most of organizations in the region considered cybersecurity more as an afterthought, and only 25% of those who had experienced a cyberattack said that they may implement a cybersecurity plan before starting a digital transformation project.
Frost & Sullivan also said that a large organization with more than 500 employees could rack up a loss of US$30 million due to a cyberattack, while a mid-sized business could incur around $96,000.