Most vulnerable are small businesses who often think that they are of a lesser target in comparison to larger organisations. However, due to limited resources and minimal internal controls put in place to assess and monitor cyber security risks, small businesses often become primary targets.
In managing cybercrime, all business activities, be it market expansion, new product launches or mergers and acquisitions, should have cyber security risk management listed as a top priority in order to succeed.
Of course, the mobilisation of combating cybercrime will not come solely, or mainly, from the private sector. There is a huge opportunity to create strategic private-public partnerships to move forward at the speed required to address rapidly evolving challenges in the cyber world.
According to Frost & Sullivan’s 2014 Global Cyber Security Market Assessment, the market value of cyber security solutions is estimated to reach US$22 billion in 2020 in Asia Pacific alone. The expanse of the cyber security will be distinctly showcased at the inaugural INTERPOL World 2015, a global platform where world leaders, industry experts and businesses can gather to exchange ideas, discover opportunities and deliver solutions to meet some of the world’s most pressing security issues across four key domains: Cybersecurity, Safe Cities, Border Management and Supply Chain Security.
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