Uniting APAC governments with Cybersecurity Council
Global tech giant Microsoft has announced the formation of a cybersecurity council with members from seven Asian-Pacific (APAC) regions to assist consumers and organizations in the fight against cybercrime. The Asia-Pacific (APAC) Public Sector Cyber Security Executive Council will consist of 15 policymakers from government and state agencies, as well as technology and business executives from countries such as Indonesia, Brunei, Korea, Singapore, Malaysia, Philippines, and Thailand.
The council is formed with the vision to increase public-private cybersecurity relationships, confront cyber threats, and share threat intelligence. The council, which is supported by Microsoft cybersecurity specialists, is scheduled to meet virtually every quarter to exchange information on cyber threats and cybersecurity solutions.
According to Microsoft’s data, Asia-Pacific saw more malware and ransomware assaults, with 1.6 and 1.7 times the worldwide average, respectively. Citing numbers from its 2019 threat assessment, emerging economies such as Indonesia, India, and Sri Lanka were the most exposed to such attacks that year. Cybercrime not only caused financial losses and slowed operations, but it also posed threats to national security and eroded trust in digital economies.
Microsoft’s Work Trend Index states that 53 percent of people polled in Asia want to relocate since they can now work remotely – a statistic that is somewhat higher than the world average of 46 percent, indicating the importance of security to address this new way of working.
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Cybercrime: A never-ending war
Cybercrime endangers national security while undermining faith in the digital economy and the Internet. Cybercrime is internationally disruptive and economically harmful, costing individuals and businesses trillions of dollars in financial losses and operational repercussions.
With private enterprises owning and operating the majority of technological infrastructure, it is also vital that governments create coalitions with top technology businesses to come up with successful cyber-defense plans and protect areas from cyberattacks.
With most digital infrastructure owned and maintained by private companies, it appears that the security business has a long way to go in terms of efficacy. A rising number of breaches, thefts of personal and financial data, and scams not only incur financial but also reputational costs.
Businesses must understand their cyber workforce, including their strengths and shortcomings, as well as how to train them to address gaps in their defenses. Artificial intelligence (AI) and machine learning are sophisticated cybersecurity tools used to counter cybercrime, but improvements in the cybercriminal sector are not far behind.
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