Hacking and data theft in Asia: Motivations might differ but results are the same

Zafar Anjum

Security breaches are becoming more common, because crime syndicates realise the incredible 'honeypot' that exists in cyber-fraud. They can stand to steal millions of dollars at very little physical risk or possibility of prosecution. For this reason, it is important for organisations to remain vigilant and plan for investment in security systems, especially if handling large amounts of sensitive customer data. The opportunity cost is that dollars saved along the way will seem insignificant if they suffer a breach. Disaster recovery and reputation management is a costly business, so it is best not to be penny-wise, but pound-foolish by investing in cheaper, weaker security in the hope that hackers will ignore you.

 

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