SE Asia businesses at risk of costly cybercrime, studies find>
The Nation
Cyber crime cost the Asia Pacific region US$171 billion (Bt5.34 trillion) in damages, almost a third of the global total of $544.5 billion, found the study by the Centre for Strategic and International Studies (CSIS) and online security company McAfee. Perhaps more worryingly, a study by AT Kearney has revealed that the top 1,000 companies in SEA potentially stand to lose $750 billion in market capitalisation from cyberattacks. This reiterates the importance for businesses to stop ignoring the need for cybersecurity capabilities and include it as one of their top priorities.
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