Can regulations improve cybersecurity? In APAC, opinions vary

Can regulations improve cybersecurity? In APAC, opinions vary

An ESET-commissioned survey among enterprises also shows that while respondents in most countries agree on the need to bolster cyber-defenses, some are reluctant to adopt cybersecurity solutions



As technology evolves in leaps and bounds every year so does the threat landscape and bad actors keep coming up with new threats. That’s not scaremongering, it’s a fact of life. A fact, of which most companies are acutely aware. This is backed up by data from an ESET-commissioned survey in Asia. Almost one in five respondents experienced more than six security breaches in the past two years through the usual suspects such as phishing emails, malware, and human error. This might have been avoided or mitigated by better cybersecurity awareness. On average, a security breach would cost a company more than US$100,000 in losses. With first-hand experiences such as these, how do businesses in the region perceive cybersecurity?


Two thirds of respondents think that it is of paramount importance for a country to have a powerful regulatory framework governing cybersecurity. While Indonesia is one of the greatest proponents of regulation, Japan does not consider it a priority. This may come as a surprise to some, since the country is considered a technological powerhouse. Although the Japanese government is making sure that the country is prepared for potential cyberattacks, including by testing IoT devices and reviewing cybersecurity guidelines, 57% of respondents are skeptical that the revision will bring any improvement.


They believe that the process will be complex and expensive and may not yield the desired result. Yet when asked they are the least confident in their organizations’ cyber-defense capabilities. Moreover, 68% of the ..

Support the originator by clicking the read the rest link below.