CDNetworks Survey Unveils Critical Gaps in Cybersecurity Preparedness That Might Be Putting Businesses at Risk

SINGAPORE, Sept. 2, 2024 /PRNewswire/ -- A significant number of businesses in Southeast Asia remain unprepared for the rapidly evolving cybersecurity threats. This is one of the critical insights from the "State of Cloud Security: Are Businesses Addressing Key Vulnerabilities in 2024?" survey, conducted by CDNetworks, the APAC-leading network to deliver edge as a service, and AOPG Insights, the research arm at Disruptive Tech News.

According to the survey, 20% of the respondents admit experiencing a cyber attack at least once in the last 12 months while 40% say they are unsure. The former indicates a clear gap in cybersecurity that cybercriminals have already exploited; the latter, on the other hand, highlights potential inadequacies in cybersecurity, notably a glaring lack of awareness and inadequate security monitoring within the organisation.

This gap is only magnified by the plethora of threats that can potentially harm organisations. The most notable of these grave threats, which could compromise operational efficiency, cause reputational damage, and reduce profits, include:

There's also the dreaded OWASP Top 10, a list of the most critical security risks to web applications:

Amid the rising tide of threats, this is perhaps the worst time to have any gaps in cybersecurity. Organisations in the region seem to be well aware of the stakes, with 51% of respondents surveyed saying cybersecurity is now their critical priority. The numbers back up this increased focus on security, with organisations primarily using Distributed Denial-of-Service (DDoS) protection (72%), cloud-based WAF (Web Application Firewall) (7 0%), and API protection (55%) to safeguard their cloud environment—choices that indicate a high awareness of common cloud security threats, notably DDoS attacks, web application vulnerabilities, and unsecured APIs.

This more proactive approach is encouraging; however, it might not nearly be enough, not with the diversity of threats that could compromise an organisation. But it is a great first step to implementing a defence-in-depth security strategy that CDNetworks highly recommends in its "State of Cloud Security: Are Businesses Addressing Key Vulnerabilities in 2024?" report. Defence-in-depth relies on a multi-layered approach to cloud security, where multiple layers of security controls are deployed to protect the organisation's cloud environments from different threats.

These threats are only multiplying by the day—and growing more sophisticated by the minute. And that means it is now time to implement defence-in-depth.

"The findings of our survey clearly indicate that the cybersecurity landscape in Southeast Asia is fraught with challenges that many businesses are not fully equipped to handle. With the rapid evolution of cyber threats, it's imperative for organisations to adopt a robust, multi-layered security strategy", said Yien Wu, Head of Sales, SSEA from CDNetworks. He continues, "At CDNetworks, we advocate for a defence-in-depth approach, ensuring that every layer of your cloud environment is fortified against potential attacks. Now more than ever, businesses must prioritise comprehensive security measures to safeguard their operations and maintain trust with their customers."

Learn more about this holistic security approach, the threats organisations are facing, and the different security strategies to deploy by downloading the full "State of Cloud Security: Are Businesses Addressing Key Vulnerabilities in 2024?" report by CDNetworks and AOPG Insights.

Link to whitepaper: https://disruptivetechnews.com/big_news/cdnetworks-unveils-dangers-cloud/

About Asia Online Publishing Group (AOPG)

As ASEAN's leading specialist IT news publisher, AOPG currently operates websites covering enterprise tech topics ranging from data, storage, cloud, cybersecurity, AI and disruptive technology. Our portals include specialist DataStorageAsia.com, CyberSecurityAsia.net and DisruptiveTechNews.com. The company also runs the digital interaction platform On360 which enables fast creation of engaging interactive assets such as gamification and the award winning Intelligent Assessment.

For Media enquiries contact: editor@aopg.net

About CDNetworks

With over 2,800 global PoPs, CDNetworks delivers the fastest and most secure digital experiences to end users. Our diverse products and services include web performance, media delivery, cloud security, and colocation services — all designed to spur business innovation. Visit cdnetworks.com and follow us on LinkedIn.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

CDNetworks Survey Unveils Critical Gaps in Cybersecurity Preparedness That Might Be Putting Businesses at Risk

LONDON, Sept. 19, 2024 /PRNewswire/ -- Experian's latest research, conducted by Forrester Consulting, delves into the strategies of senior decision-makers in the financial services and telco sectors across EMEA and APAC. The survey of over 1200 C-suite and Director level leaders in Australia, Denmark, Germany, India, Italy, New Zealand, Norway, South Africa, Spain, and the Netherlands reveals how businesses are leveraging Generative AI (Gen AI), consolidating datasets to improve decisioning models, and prioritizing customer experience to navigate challenging economic conditions and technological disruption.

The race to harness GenAI is well underway

Business leaders identified technological disruption as the third largest external factor impacting their business in the coming two years, putting emphasis on the race toward AI supremacy to improve business efficiencies and reduce costs. Sixty-eight percent of participants believe that competitive advantage in their industry will be dependent on who can make the best use of AI, and nearly three-quarters (73%) of the technology leaders are exploring GenAI use cases with a view to implement them within the next year.

Technological disruption is a catalyst for improving customer experience

Survey respondents highlighted a centralised cloud-based platform as a notable factor to improve risk strategy. Nearly half (47%) foresee additional credit stress and tightened lending criteria. Many risk leaders (42%) also indicated that the top risk priority is to improve the ability to identify financially vulnerable customers. Integrating data sources, leveraging AI and streamlining data-to-insight-to-action processes to enable lenders to achieve a holistic borrower view, improve customer relations and foster lending practices.

Combining datasets into a single cloud-based platform is key to enhancing analytical capability

Data and analytics leaders are prioritising a unified platform for siloed datasets to accelerate AI/ML model development and deployment. More than half (55%) of respondents believe current development times are too long, with 48% stating that they are updating their models more frequently due to shifting consumer behaviour.

"This year's research highlights the growing importance of AI and data analytics for businesses seeking a competitive edge," says Malin Holmberg, CEO, EMEA & APAC, Experian. "While we are still facing broader macroeconomic challenges, the majority of leaders remain optimistic about future growth and increased technology investment."

Download the full report here.

About Experian

Experian is a global data and technology company, powering opportunities for people and businesses around the world. Learn more at experianplc.com.

Contact: Yolanda Zondo, Yolanda.zondo@experian.com 

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Experian Research: GenAI and data-driven decisioning are key competitive advantages for global business leaders