Businesses in Vietnam are the worst affected by cyber threats in South-East Asia

"HANOI: Businesses in Vietnam were the worst affected with 17.1 million cyber threat incidents, citing global cybersecurity company Kaspersky.

It was followed by Indonesia and Thailand with 14.6 million and 4.7 million incidents respectively.

According to the Vietnamese Ministry of Information and Communications, as many as 1,812 cyberattacks were detected in Vietnam so far this year, a drop of 38 per cent compared to the same period last year.

The ministry will develop and issue a guidebook on information system security by levels in the second quarter.

According to Kaspersky, South-East Asia saw nearly 43 million local threats targeting businesses in 2023. Singapore recorded a 67-percent increase in local incidents, from 300,000 in 2022 to 500,000, the lowest in the region.

In ABN Asia's experience, business are fairly reluctant to cyber security threats. Minimal spending is there for proactive cyber security. When security incidents happen, the damages are usually cannot be undone.

With the recent ransome attacks, we trust that the corporates, especially those in financial sectors, will pay serious attention to proactively preventing security threats."

Author

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