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[Tech] Asian companies have world's worst cyber security

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11:41, Aug-27-2016 | From PC
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This post was edited by gaikamei at 12:45, Aug-27-2016

Asian companies have world's worst cyber security

more-hacking-hands(1).jpg

Many Asian organisations are badly defended against cyber-attacks, a year-long investigation by US security company Mandiant indicates. The median time between a breach and its discoverywas 520 days. That is three times the global average.

Asia was also 80% more likely to be targeted by hackers than other parts of the world, the report said. It said an average of 3.7GB in data had been stolen in each attack, which could be tens of thousands of documents. However, the bulk of the incidents were not made public because the region lacks breach disclosure laws.

As part of the study, Mandiant hacked into one organisation's network with its permission to see how vulnerable it was. Within three days they had the keys to the kingdom. If an expert group of hackers can do the same in three days, imagine what they can do in 520 days.

National threat

Mandiant has published a global security report for the past six years, but this is the first time it has focused on Asia. The report is based on the company's investigations last year, each of which analyzed an average of 22,000 machines.

Leaving breaches undiscovered or unreported for too long can ultimately compromise a country's economic competitiveness or national security. Hackers could take over key infrastructure such as power stations, which happened in the Ukraine, and potentially even transport systems in so-called smart cities.

On a consumer level, personal information can be used for fraudulent purposes. More than 500 million digital identities were stolen or exposed last year, an earlier report by securitycompany Symantec suggests.

State-sponsored attacks

Mandiant suggests that the bulk of cyber-attacks in Asia are state-sponsored and target areas with heightened geopolitical tensions, such as the South China Sea. Governments, financial institutions, energy, education research, health care, aerospace and defence had" long been a favourite target" of hackers who look to either destroyor use the stolen material for extortion. There had been a decrease in the number of attacks in the US and western Europe by Chinese hackers, because China seemed to be refocusing its efforts to other parts of Asia.

Lacks appropriate technology

A major reason for the slipping of these critical breaches was the fact that most organisations lack appropriate technology to perform effective computer and network forensics. In fact, many organisations do not hire or retain highly sought after incident responders and forensics experts because they think of it as wasteful expenditure.

Bangladesh bank hack

Cyberattacks have grown by leaps and bounds in the past few years, with many targeted at financial institutions withthe aim of siphoning off money. One of the biggest hacks this year in the region has been the Bangladesh bank hack where investigators say the lack of basic defence mechanisms was a key vulnerability aided by a suspected insider hand.


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12:14, Aug-27-2016 | From PC
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thanks for share

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gaikamei Welcome  12:46, Aug-27-2016

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