INTEL Corp. said on March 7 the growing complexity of risks lets organizations in Southeast Asia struggle with cybersecurity.
Citing findings of its study that looks at organizations’ outlook towards the current state of cybersecurity management among others, Intel said about 1 in 3 respondents from Thailand and almost 1 in 2 respondents from Singapore felt that managing cybersecurity had become more complex. “In fact, in Singapore, only 20 percent of respondents believe that it had become less complex,” Intel said in a statement. “About 44 percent of respondents from Philippines, the country reported to be the least ‘cyber mature’ in Southeast Asia, also felt managing cybersecurity had become more complex.”
In contrast, respondents from Malaysia, Indonesia and Vietnam felt managing cybersecurity had become less complex at 31 percent, 34 percent and 41 percent respectively, according to Intel. The chip manufacturer’s cybersecurity division said 32 percent and 37 percent of respondents from Malaysia and Vietnam respectively believed that their organizations were less prepared to tackle cybersecurity now than they were 12 months before.
Intel said its study gathered opinions of over 2,000 IT professionals across Singapore, Malaysia, Thailand, Indonesia, Vietnam and the Philippines. When asked about whether their organizations would work with more cybersecurity vendors, 46 percent of all respondents stated that their organizations would be working with more cybersecurity vendors.
“With the digital economy in Southeast Asia set to hit $200 billion by 20252, there is plenty of allure for cybercriminals looking for a lucrative payday,” David Allott, Intel Asia Pacific director of cyber defense, was quoted in a statement as saying. “Powerful, emerging technologies like machine learning and artificial intelligence can help fight cybercriminals, who also are constantly innovating.”