The Growing Menace of Cyber Attacks in the Asia-Pacific region

Over the past few years, cyber attacks have emerged as one of the biggest global threats to businesses and governments. In September, the largest social networking platform, Facebook announced that data of at least 50 million accounts have been exposed to hackers through a breach. "Our investigation is still in its early stages. But it's clear that attackers exploited vulnerability in Facebook's code that impacted 'View As' feature that lets people see what their own profile looks like to someone else. This allowed them to steal Facebook access tokens, which they could then use to take over people's accounts," read a statement on the company's blogpost.

Clearly, cyber attacks of such scale can cause major damage to any business. It comes as no surprise then that many a user are now wary of what they share on social media platforms. A Frost & Sullivan study commissioned by Microsoft revealed that a large-sized organization in the Asia Pacific region can possibly incur an economic loss of $30 million, more than 300 times the average economic loss for a mid-sized organization. This is more than seven percent of the region's total GDP of $24.3 trillion...

https://www.entrepreneur.com/article/322796

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by Idham Azhari