Less than 10 percent of companies in the Asia Pacific (APAC) region fully understand how cyberattacks are performed.
This is according to the cybersecurity benchmarking online survey conducted by Trend Micro Incorporated, which polled 300 companies in the region including Taiwan, India, Hong Kong, Singapore, Australia, Japan, Philippines and New Zealand.
Close to 50 percent of the respondents said their organisations did not have any security awareness programmes. Thus, majority (59 percent) attribute "employees' lack of knowledge" as the biggest insider threat to cybersecurity.
"Cyber threats are real. Furthermore, with the rapid adoption of digitisation, cloud and the Internet of Things (IoT), cyber threats are becoming more personal and more complicated. The first and foremost step towards implementing a sound cyber security strategy is for businesses to take control internally of people, systems and processes," said Dhanya Thakkar, Managing Director and Vice President of Trend Micro in APAC, in a press release.
While close to 50 percent anticipate a targeted cyberattack this year, only 25 percent of polled companies are confident that they are fully prepared for this incident.
"Humans can be vulnerable, however, the weakness can be turned into the most effective defence line when empowered with the right mindset and knowledge. Companies should enforce rigorous security awareness programmes, implement regular real-life security drills and encourage people to constantly upgrade skills in order to be fully prepared in the face of ongoing threats," Thakkar added.
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