APAC Hacking To Get Worse in 2023
- By CDOTrends editors
- December 19, 2022
Having emerged as one of the most rapidly advancing markets, the Asia Pacific (APAC) region is forecasted to play a significant role in driving global cybersecurity development for the years to come.
As companies across all industries strive to protect their digital assets, cyberattacks are becoming increasingly difficult to mitigate. As a result, businesses need to anticipate and prepare for future security threats to remain safe and secure.
In its annual cybersecurity forecast for the Asia Pacific region, DigiCert — a global provider of digital trust — highlighted how the Asia Pacific Region can expect increased cyber threats and adoption of security services in 2023.
According to Dr. Avesta Hojjati, vice president of research and development at DigiCert, “These predictions come on the heels of our 2022 State of Digital Trust Survey that found that almost half of consumers in APAC (42%) have stopped doing business with a company after losing trust in that company’s digital security.”
The report highlighted eight predictions. They are:
Crypto-Agility: Digicert predicts that, as quantum computers pose a significant future threat to secure online interactions, being crypto-agile will be essential to doing business with anyone in the next few years.
Matter in households: The Asia Pacific Industrial Internet of Things (IoT) market is projected to reach USD46.18 Million in 2030. As such, Matter, the smart home standard and common language, will play an increasingly important role in making smart home devices secure, reliable, and effortless.
Code signing: OV code signing certificates are changing. Digicert believes that customers will prefer cloud-based code signing to managing hardware tokens. Hence, all code signing will be based in the cloud rather than on hardware devices.
Software supply chain attacks: 48% of Asia Pacific businesses have experienced at least one supply chain attack in 2021. Because of this, DigiCert predicts that in 2023, SBOM will be adopted by the software-producing community and widely used to establish security.
eSIM and iSIM Technology: Digicert predicts that the next generation of smartphones will remove traditional SIM hardware functionality and move to eSIMs and iSIMs, which are smaller and do not require a separate processor.
DNS will continue to grow: Today, 96% of Asia Pacific’s population has access to mobile broadband networks. By 2025, the number of 5G connections in countries in the region is expected to hit 400 million. This has spurred conversations about the importance of implementing DNS to support a secure and reliable digital transformation.
Zero trust: There is a clear shift towards adopting zero trust in Asia-Pacific, where 50% of organizations have implemented zero trust since 2022. With the growing concern of data security due to hybrid working, it has become a priority for organizations globally to have Zero Trust.
Ransomware: Rapid digitalization and increasing connectivity have made Asia-Pacific countries most vulnerable to ransomware. In Singapore, the Cyber Security Agency (CSA) reported that ransomware attacks rose 54% from 2020 to 2021, with cybercriminals becoming more sophisticated in using ransomware.
Hojjati explained, “The more CISOs and other IT staff understand the security implications of evolving technologies and threats, the better prepared they are to make the right investments for their business to ensure digital trust.”
Image credit: iStockphoto/torwai