2013 was an eventful for Asia Pacific cybersecurity, according to RSA Online Fraud Report, 2013.
The year was marked with high profile incidences including exploitation of websites in Singapore and South Korean cyber-attacks.
India, Australia and China were identified as the top 3 most affected countries in the region. India accounted for 54 percent of APAC phishing volume leading to an estimated loss of US $225 million.
21 percent of APAC phishing volume came from Australia leading to an estimated loss of US $87 million.
China accounted for 14 percent of APAC phishing volume leading to total estimated loss of $59 million.
More vigilance required
RSA Online Fraud Report is based on phishing attack data gathered by RSA and reported to RSA from third-parties. Asia pacific experienced heavy losses last year and thus RSA advises business to be more vigilant in 2014.
Increase in vigilance becomes important as the concepts of Big Data become more mainstream with each passing day.
RSA recommends businesses to shift focus from technical assets to critical business processes in order to transform outdated security processes.
Organizations should also institute business estimates of cybersecurity risks and develop techniques that describe cybersecurity risks in business terms. Integrating the use of business estimates into risk-advisory process should also be on the agenda.
Other recommendations from RSA include establishing a business-centric risk assessment process; setting a course for evidence-based controls assurance; and developing informed data collection methods.