Over two-thirds (69%) of security leaders in Asia are confident about their organization’s cybersecurity resilience, even as 48% also admit that there is still room for improvement, a new joint study by Microsoft and risk advisory firm Marsh has found.
The Asian edition of The State of Cyber Resilience report, which had over 660 participants, including CEOs, CISOs, and risk managers, revealed that companies in Asia have experienced a far higher number of privacy breaches (28%) and denial of service attacks (21%) as compared to their global peers (18% and 14% respectively).
Companies in Asia perceived privacy breaches or the loss of data as their top security concerns, while globally ransomware was observed as the biggest concern among organizations. As such, data loss is a critical concern that needs to be addressed and factored into cyberrisk management strategies, the report said.