In Asia, almost 7 out of 10 companies are confident about their cyber resilience despite rapid digital transformation, increasing number of cyber attacks and increasing methods of cyber threats. However, almost half (48%) believe that there is still room for improvement in the cyber hygiene measures required to manage cyber risks. This is according to Asia Insights from The State of Cyber Resilience and Microsoft Corp, a leading platform and productivity company for a mobile-first, cloud-first world, published Tuesday by Marsh, the world’s leading insurance broker and risk advisor.
The report revealed that 3 out of 5 companies (64%) in Asia have been affected by cyber attacks. Among the various forms of cyber threats, nearly 7 out of 10 respondents (68%) reported privacy breaches as their top concern, followed by ransomware (58%).
Marsh India recently launched a report – The State of Cyber Resilience – Marsh Microsoft Cyber Survey Findings Report. The report is based on a survey conducted by Marsh and Microsoft, which had 660 respondents this year.
Of these 660 respondents, more than 80 were from Asia. How did their perceptions differ from their global counterparts, especially when it comes to their blind spots? While 69% expressed confidence in the cyber resilience of their organizations, nearly half (48%) admitted that their cyber hygiene practices could be improved.
Although most people in Asia view privacy breaches and data loss as top cyber threats (ransomware is the top global threat), 26% have not improved the security of their computers, devices and systems, while 31% have reported their data loss. has not improved. protection capabilities.
35% evaluate new technology for cyber risks only if an attack or incident has occurred, double the global 17%.
Critical cyber controls are also lacking, with 34% lacking endpoint detection and response, compared to 22% globally.
Notably, only 12% of Asian companies quantify their financial exposure to cyber risk, which is less than half of the global 26%.
Apart from simply sharing data highlights, our report goes further to examine its implications and suggest solutions to address these challenges. You can read more in the attached Asia edition.