Cybersecurity News in Asia

RECENT STORIES:

SEGA moves faster with flow-based network monitoring
Malvertising campaign targets Android users with advanced crypto-steal...
How are people in 15 countries leveraging AI for travel planning?
Insider threats cited alongside external attacks in terms of severity:...
How are people in 15 countries leveraging AI for travel planning?
North America financial institutions lead surge in financial regulator...
LOGIN REGISTER
CybersecAsia
  • Features
    • Featured

      Resilience the true benchmark for smart infrastructure

      Resilience the true benchmark for smart infrastructure

      Wednesday, August 27, 2025, 8:21 PM Asia/Singapore | Features, IoT Security
    • Featured

      Deepfake a crisis of trust, not just technology

      Deepfake a crisis of trust, not just technology

      Tuesday, August 19, 2025, 10:06 AM Asia/Singapore | Features
    • Featured

      When talking sense into AI power mongers fails, talk $$$: A message from AI

      When talking sense into AI power mongers fails, talk $$$: A message from AI

      Thursday, August 14, 2025, 12:26 PM Asia/Singapore | Features
  • Opinions
  • Tips
  • Whitepapers
  • Awards 2025
  • Directory
  • E-Learning

Select Page

News

What makes some organizations more cyber resilient? 

By CybersecAsia editors | Tuesday, January 30, 2024, 9:37 AM Asia/Singapore

What makes some organizations more cyber resilient? 

Respondents in one international survey that cited success in cyber resilience were implementing best practices…

In a commissioned survey of 1,917 IT personnel involved in the management of their organizations’ IT security functions or activities in the United States (522), the United Kingdom (372), France (329), Germany (425), and Australia (269) in September 2023, in firms with a headcount between 100 and 5,000, some observations were reported.

First, the data showed that the annual cost of responding to cybercrime can be as much as US$5.34m for ransomware or phishing attacks, including the fiscal damage to IT assets/incidents/theft, and operational disruptions arising from attacks.

Secondly, generative AI (GenAI) was cited as an increased concern for its role in increasing the volume, sophistication and effectiveness of cyberattacks by half of the respondents. Meanwhile, 39% cited their confidence in protecting their security infrastructure against GenAI-powered security attacks.

Thirdly, in terms of ransomware incidents, 71% of respondents cited having experienced an attack in the past year, and 61% cited their organization’s payment of ransom demands, where US$1.38m was the average amount paid for such attacks.

Finally, a subset of respondents cited success in mitigating risks, vulnerabilities, and attacks during the survey period. They cited tactics such as adopting a platform approach to security rather than relying on a collection of disparate individual security tools or solutions; implementing privileged access rights, and regular drills dictated by a well-implemented security incident response plan.

According to Mark Lukie, Director of Solution Architects (APAC), Barracuda, which commissioned the survey: “Cyber resilience needs to be a priority, particularly as technology continues to advance and we start to see hackers being able to harness the power of GenAI to improve the efficiency and effectiveness of their attacks. Unfortunately, it’s a vicious cycle. Once cybercriminals find a recipe that works, they will continue to use it: so, taking note of the best practices … could help to give businesses a head start in reducing the impact of attacks.”

Share:

PreviousChildren are low-hanging fruit to scammers and hackers this year
NextFour ways to keep apprised of cyber threats in the making

Related Posts

Initial Access Brokers went for broke in 2021: report

Initial Access Brokers went for broke in 2021: report

Tuesday, June 21, 2022

What a good year it was for two Ransomware 2.0 attack groups

What a good year it was for two Ransomware 2.0 attack groups

Thursday, May 27, 2021

Q4 2020 saw slowdown of RDP attack surge but a rise in supply-chain attacks

Q4 2020 saw slowdown of RDP attack surge but a rise in supply-chain attacks

Monday, February 15, 2021

Coming up in 2021: stalkerware, Excel 4 macros and whole shebang

Coming up in 2021: stalkerware, Excel 4 macros and whole shebang

Thursday, January 7, 2021

Leave a reply Cancel reply

You must be logged in to post a comment.

Voters-draw/RCA-Sponsors

Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
Slide
previous arrow
next arrow

CybersecAsia Voting Placement

Gamification listing or Participate Now

PARTICIPATE NOW

Vote Now -Placement(Google Ads)

Top-Sidebar-banner

Whitepapers

  • 2024 Insider Threat Report: Trends, Challenges, and Solutions

    2024 Insider Threat Report: Trends, Challenges, and Solutions

    Insider threats continue to be a major cybersecurity risk in 2024. Explore more insights on …Download Whitepaper
  • AI-Powered Cyber Ops: Redefining Cloud Security for 2025

    AI-Powered Cyber Ops: Redefining Cloud Security for 2025

    The future of cybersecurity is a perfect storm: AI-driven attacks, cloud expansion, and the convergence …Download Whitepaper
  • Data Management in the Age of Cloud and AI

    Data Management in the Age of Cloud and AI

    In today’s Asia Pacific business environment, organizations are leaning on hybrid multi-cloud infrastructures and advanced …Download Whitepaper
  • Mitigating Ransomware Risks with GRC Automation

    Mitigating Ransomware Risks with GRC Automation

    In today’s landscape, ransomware attacks pose significant threats to organizations of all sizes, with increasing …Download Whitepaper

Middle-sidebar-banner

Case Studies

  • CISOs can navigate emerging risks from autonomous AI with a new security framework

    CISOs can navigate emerging risks from autonomous AI with a new security framework

    See how security leaders can adopt layered strategies addressing intent, governance, and oversight to manage …Read more
  • MoneyMe strengthens fraud prevention and credit decisioning

    MoneyMe strengthens fraud prevention and credit decisioning

    Australian fintech strengthens risk management with SEON to scale lending operations securely and efficiently.Read more
  • PT Kereta Api Indonesia announces nationwide email and communication overhaul

    PT Kereta Api Indonesia announces nationwide email and communication overhaul

    The state railway operator’s upgraded email system improves privacy, operational reliability, and regulatory alignment for …Read more
  • Operationalizing sustainability in cybersecurity: Group-IB’s approach

    Operationalizing sustainability in cybersecurity: Group-IB’s approach

    See how the firm turned malware-group takedowns into measurements of sustainability and resilience gains: by …Read more

Bottom sidebar

  • Our Brands
  • DigiconAsia
  • MartechAsia
  • Home
  • About Us
  • Contact Us
  • Sitemap
  • Privacy & Cookies
  • Terms of Use
  • Advertising & Reprint Policy
  • Media Kit
  • Subscribe
  • Manage Subscriptions
  • Newsletter

Copyright © 2025 CybersecAsia All Rights Reserved.