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Southeast Asian lose $171 billion due to Cybercrime activity

Do Son April 17, 2018 3 minutes read
Cybercrime activity
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According to a study conducted by the Centre for Strategic and International Studies (CSIS) and McAfee Corporation, cybercrime activity has remained active and unlikely to be contained for a short period of time. This means that global companies must Be more cautious about how to run the network and computers. In the Asia Pacific region, cybercrime activities have caused a loss of $171 billion, accounting for nearly one-third of the total loss of $544.5 billion worldwide.

The study found that markets in Southeast Asia have become the source of attacks. Malicious individuals are either guilty of infecting computers here and using this “vulnerable hotbeds of unsecured infrastructure” to launch large-scale attacks; or as a connection hub for launching attacks. According to the survey results released by AT Kearney, the top one thousand companies in Southeast Asia could suffer a loss of up to $750 billion in market capital under the assault of cyber attacks.

These findings once again stressed that companies should regard upgrading their cybersecurity capabilities as their primary task and their basic requirements.

McAfee’s recent  “Winning the Game” report surveyed the technology investments and skills necessary to combat cyber threats and surveyed 300 high-level security managers and 650 security professionals from large companies.

  • 46 percent of respondents believe that in the next year they will either struggle to deal with the increase of cyber threats or that it will be impossible to defend against them
  • 24 percent of respondents reported the need to increase their IT workforce by a quarter in order to manage the threats their business are already facing

At present, major companies are facing enormous pressure from talent shortages, and 84% of respondents admitted that recruiting talent has become a daunting challenge.

Research shows that the game player community also possesses the skills necessary to fight cybercrime. According to a survey by McAfee, three-quarters of senior executives said that despite the lack of a specific cybersecurity education background, they will still consider recruiting game players to take up positions.

72% of respondents stated that hiring experienced video game players to join the IT department can effectively fill the huge gap in the network security skills.

Why is the player community so important? Respondents believe that games can provide players with the skills and experience that are critical when dealing with cybersecurity threats, such as logic, perseverance, understanding of rivals, and newer angles than traditional cybersecurity professionals.

If you are an avid gamer, you may be able to become an outstanding cybersecurity person and help companies fight fraud and attacks!

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Written by
@DdoS · Security Researcher

Do Son

Do Son is the Founder and Editor of SecurityOnline.info. Working in cybersecurity since 2013, he reports on vulnerabilities, malware, and emerging threats, providing timely analysis to help organizations and individuals stay ahead of evolving risks.

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