Corporates Inadequately Prepared When It Comes To Cyber Risk Management

While cybersecurity is at the forefront of risk and compliance concerns for corporates in Asia Pacific, current risk management strategies are found to be ineffective, new research has found.

Many uncertain of whether they have been breached

The newly released report Asia Pacific Corporate Risk and Compliance Index from SWIFT, the provider of financial messaging services and research firm East & Partners Asia, interviewed 915 of Asia Pacific’s Top 1,000 revenue ranked enterprises across 10 major economies. It found that only 15% of corporates can claim with certainty that they have not experienced a cybersecurity breach in the past 12 months. While around 42% responded in the affirmative, more than 40% of corporates in Asia Pacific were “unsure” or unwilling to provide a direct answer.

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