INSIGHT

One Key Element to Protecting Your Organization from Cyber Crime

The Need to Act

Asia has never been more vulnerable to cyber attacks, and the exposure to cyber threat is disproportionately large compared to the amount of investments in cybersecurity and risk management strategies by governments and corporations.

Clearly, a lot more work is required. Governments need to find ways to effectively implement and enforce breach disclosure laws, companies must renew long-entrenched approaches to cybersecurity and individuals have to play their part and practice good cybersecurity habits.

The progress towards transparency is currently piecemeal across stakeholders. The lack of convergence on breach notification regulations in the region suggests that governments have yet to recognize the key role that transparency plays in the fight against cyber risk. That needs to change urgently if the region wants to become more cybersecure.





Disclaimer

The views expressed in these articles are those of the authors and do not necessarily reflect the views of the Asian Development Bank, its management, its Board of Directors, or its members.




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