According to a latest report by cyber security firm Trend Micro 59% attribute “employees’ lack of knowledge” as the biggest insider threat to cyber security. Close to 50 percent of those surveyed indicate that there is no security awareness program in their organizations
Other threats included corporate espionage (10%), disgruntled employees/ex-employees (13%), employee theft (6%) and compromised credentials (12%).
The survey further revealed that less than one in 10 companies in Asia Pacific (APAC) fully understand how cyber attacks are performed.
Around 300 companies participated in the survey, operating in the APAC region, including Singapore, Taiwan, India, the Philippines, Hong Kong, Japan, Australia and New Zealand.
The survey also found that only 25% of companies are confident that they are fully prepared for cyber attacks, while close to 50% anticipate a targeted cyber attack in 2016.
“Cyber threats are real. Furthermore, with the rapid adoption of digitization, 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, MD and VP, Trend Micro, Asia Pacific.
Dhanya added that humans vulnerability can be turned into the most effective defence line when empowered with the right mindset and knowledge.
He also emphasized on the need for companies to enforce rigorous security awareness programs, 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.
Dedicated to help businesses improve cyber security awareness, preparedness and efficiency, Trend Micro’s CLOUDSEC 2016 conference themed “Take Control” will see its senior executives and external global security experts sharing their perspectives and insights in guiding businesses to take control internally of people, systems and processes.