Com­pa­nies urged to beef up cy­ber­se­cu­rity

China Daily (Hong Kong) - - BUSINESS - By OUYANG SHIJIA ouyang­shi­jia@ chi­

With rapidly in­creas­ing cy­ber­at­tacks on on­line data, Chi­nese com­pa­nies and or­ga­ni­za­tions need to beef up their in­put on cy­ber­se­cu­rity, said a se­nior ex­ec­u­tive of tech­nol­ogy ma­jor Qi­hoo 360 Tech­nol­ogy Co.

Qi Xiang­dong, chair­man of 360 En­ter­prise Se­cu­rity Group, an in­ter­net se­cu­rity com­pany af­fil­i­ated to Qi­hoo 360, said as more com­pa­nies and or­ga­ni­za­tions en­joy the con­ve­nience brought by the in­ter­net and big data tech­nolo­gies, there re­mains in­creas­ing se­cu­rity risks.

“En­ter­ing a new era of big data, cy­ber­se­cu­rity will be­come as im­por­tant as money and on­line data will be­come a key tar­get of on­line crim­i­nals and hack­ers.”

He added that cy­ber­se­cu­rity was of the ut­most ur­gency and there was a press­ing need for an up­graded cy­ber­se­cu­rity sys­tems of com­pa­nies.

With the un­prece­dented global cy­ber­at­tack oc­cur­ring in May, the “Wan­naCry” ran­somware virus has seized hun­dreds of thou­sands of com­put­ers in more than 150 coun­tries and re­gions. In China, the virus re­port­edly wreaked havoc in around 30,000 in­sti­tu­tions, in­clud­ing uni­ver­si­ties and gas sta­tions.

“The re­cent Wan­naCry virus high­lights a huge rise in hack­ing at­tacks tar­get­ing gov­ern­ments, com­pa­nies and or­ga­ni­za­tions. And sim­i­lar cy­ber­at­tack­ers will be­come more ram­pant and the data breach trend will get worse in

the fu­ture.”Qi said.

He stressed that com­pared with ma­ture mar­kets such as the Europe and the United States, the Chi­nese com­pa­nies’ aware­ness of cy­ber­se­cu­rity is still un­der­de­vel­oped.

Ac­cord­ing to Qi, China’s in­put to cy­ber­se­cu­rity only ac­counts for less than one per­cent of the to­tal IT in­vest­ment, while the level for the US and Europe are 15 per­cent and 10 per­cent.

A re­port of more than 100 or­ga­ni­za­tions by 360 re­vealed that over half of the sur­veyed

en­ti­ties have not sched­uled as­sess­ments of their sys­tem se­cu­rity in the past year, which made them easy tar­gets of the ran­somware virus.

“Com­pa­nies and or­ga­ni­za­tions need to keep an eye on the po­ten­tial se­cu­rity risks and should strengthen their aware­ness of cy­ber­se­cu­rity in the first place. And they should also co­op­er­ate with pro­fes­sional safety cor­po­rates to build an emer­gency sys­tem that can re­spond quickly,” Qi added.

In the wake of the mount­ing

cy­ber­at­tacks, China has called for a deeper co­op­er­a­tion be­tween com­pa­nies and in­dus­try as­so­ci­a­tions to boost the con­struc­tion of a cy­ber­se­cu­rity sys­tem.

“We will step up ef­forts to pro­mote the con­struc­tion of in­for­ma­tion in­fra­struc­ture, ex­pand broad­band net­work cov­er­age, and build up the in­dus­trial in­ter­net plat­form,” In­dus­try and In­for­ma­tion Tech­nol­ogy Min­is­ter Miao Wei said at the China In­ter­net Con­fer­ence in Bei­jing on Tues­day.

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