The Vulnerabilities of the Digital World and How to Overcome Them with AsiaPac

Published on 19 January 2023

As organisations around the world become increasingly cloud-based, automated and global, their exposure to cybersecurity risks increases as well. It was reported that in the third quarter of 2022, the number of global cyber attacks increased by an alarming 28% as compared to the same period last year. Additionally, the average number of attacks per organisation per week amounted to a whopping 1,130. Amongst these attacks, the education and healthcare sector saw the most cyber attacks, being attacked an average of 2,148 times per organisation per week.

With cybersecurity threats looming at every corner of the Internet, no organisation should leave their cybersecurity up to chance. In seven out of eight countries, cyberattacks were regarded as the biggest risk to businesses, even surpassing the global COVID-19 pandemic and its sequential economic impacts. Such attacks are costly as well, with 40% of cyberattack victims in the USA incurring upwards of 25,000 USD in damages and rectification work, and victims in Europe suffering costs of over five million USD. The most common denominator amongst these attacks? Cyber criminals made use of the vulnerabilities in these organisations’ cloud servers to carry out these attacks. Therefore, understanding the cybersecurity risks to your organisation and knowing how to safeguard your business against these cyber attacks is of paramount importance so as to not incur any unexpected losses to your organisation.

At AsiaPac, we pride ourselves on providing comprehensive cloud solutions for our clients, including well-rounded cybersecurity coverage for their organisations. Our team has over a decade of experience in ensuring organisation cybersecurity, and we will also be sharing some tips with you to improve your organisation’s cybersecurity.

The Biggest Threat — Ransomware

Ransomware attacks are considered to be one of the largest threats to an organisation’s cyber security. In 2021, the Cyber Security Agency of Singapore reported that 137 organisations here fell prey to such attacks. Among these victims were large enterprises, such as Singtel, proving that no one is really safe. The personal data of close to 129,000 Singtel customers were stolen, and a ransom of S$355,500 was demanded. These cybercriminals make use of lapses in an organisation’s cybersecurity to infiltrate into their network, locking down vital data and computer systems until the ‘ransom’ is paid. These attacks can incur hefty losses not only in the form of finances in the form of ransom and/or recovery, but also productivity and sales leads due to the inaccessibility of vital systems and data. 

To better prepare your organisation against cybersecurity threats, the first step is knowing the dangers that exist in the digital world. By being aware of these commonalities, you are able to make the necessary precautions to safeguard your business.

Third-Party Vulnerability

Most organisations use third-party services or software for various purposes, such as employee payroll and payment processing. While a business needs these tools to run smoothly, these services often come with many vulnerabilities that expose the organisation to cybercriminals. Unfortunately, when such breaches occur, the third-party is not liable for any damages incurred. In 2021, Volkswagen disclosed that they had suffered a data breach through an undisclosed associate vendor, impacting over 3.3 million customers and prospective buyers. Therefore, an organisation should leave no stone unturned when accessing their gaps in security and do their due diligence in vendor risk assessments.

Cloud Vulnerability

With 95% of digital workloads being expected to be deployed to the Cloud by 2025, Cloud security is becoming more critical than ever. After all, as organisations begin to make use of cloud solutions in Singapore to store data, these cloud databases become more titillating targets for cybercriminals.  The 2022 Thales Cloud Security Report reported that 45% of businesses around the world experienced a cloud-based data breach, or failed a cloud security audit, a 10% increase from 2021. With 66% of organisations storing anywhere between 21 – 60% of their data in the cloud, this is an alarming statistic that highlights the vulnerability of the cloud. Therefore, a holistic strategy is needed to safeguard your organisation’s cloud.

How AsiaPac Offers Comprehensive Cybersecurity For Your Organisation

Known for our expertise in full-suite IT solutions, AsiaPac offers highly scalable cloud solutions in Singapore for your every need. When it comes to your organisation’s digital security, our comprehensive, multi-pronged approach ensures the greatest coverage for your business. 

We Adopt A Multi-Cloud Approach

As a leading cloud solution provider in Singapore, we understand the many security vulnerabilities and concerns that come with cloud adoption. In order to better protect your data, we offer multi-cloud deployment that helps our clients reduce their cyber risk. A multi-cloud deployment is one that involves two or more cloud computing services from different providers, that not only allows an organisation to have a diverse array of features but improves its cloud security. This is because a multi-cloud approach allows you to move your important data and workloads between clouds seamlessly when issues arise, lowering your risk of cyber attacks.

We Partner With The Best Security Solutions In the Market

Being around for over three decades has allowed AsiaPac to partner with many innovative vendors and solutions in the market. Some of our partners include TrendMicro, an award-winning AI-powered security solution, Mandiant, a cyber threat defence solution that leads real-time security operations and Checkpoint, a world leader in enterprise firewalls among many others. With our combined expertise, we have safeguarded the clouds of many organisations, eliminating cyber threats before they arise.

We Monitor Your Systems Round The Clock

Using our state-of-the-art network Operating Centre, AsiaPac is able to monitor your network and systems 24/7 regardless of their location—on-premises, hosted or cloud. Our team works earnestly behind-the-scenes to detect any possible threats, diagnosing them and rectifying them immediately. We also provide detailed reports on the threats, as well as the steps taken to prevent the same issues from recurring. By undertaking the system and network monitoring for our clients, we provide a peace of mind for our clients, so that they can focus on what’s important—running your business.

AsiaPac, Your Trusted Defence Against Ransomware and Cyber Threats

Cloud and network security goes beyond antiviruses and simple software solutions. At AsiaPac, we understand the vital importance of safeguarding an organisation’s data and systems, and the detrimental impact of any breaches. That is why we adopt a holistic and decisive approach towards cybersecurity. While we are proud that our commitment to excellence over the last 30 years have allowed us to win several awards for our services, we are even more gratified to be the solution provider that has kept organisations in Singapore safe from cyber-attacks and criminals.

Tags:  Cloud Computing ServicesCloud SecurityCloud Security SolutionsCyber Security SolutionsCyber threatsDigital SecurityMandiantMulti-Cloud SolutionsRansomware ProtectionRansomware SecurityTrend Micro

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