Cy­ber se­cu­rity threats up 10 times

China Daily (USA) - - BUSINESS - By By FANFEIFEIFAN FEIFEI fanfeifei@chi­

TheThe av­er­age av­er­age num­ber num­berof in­for­ma­tionof in­for­ma­tion se­cu­rity se­cu­rity in­ci­dents in­ci­dents de­tected de­tect­edby Chi­ne­seby Chi­nese com­pa­nies com­pa­nies has in­creased­has over in­creased900 per­centover since900 per­cent2014, ac­cord­ingsince 2014,to a sur­vey ac­cord­ing con­ducted to a sur­veyby in­ter­na­tion­al­con­ducted by ac­counting­in­ter­na­tional firm Price­wa­ter­house­Coop­er­sac­count­ing firm Price­wa­ter­house­Coop­ers(PwC). (PwC).The sur­vey showed that the in­ter­netThe sur­veyof things showed (IoT) that has­the in­ter­net­be­come a leadin­gof things tar­get (IoT)of cy­ber­has be­comeat­tacks, thougha lead­ingjust 57 tar­get per­cent of of cy­ber Chi­nese at­tacks, re­spon­dents though are just in­vest­ing57 per­centin a re­latedof Chi­nese se­cu­rity strat­­spon­dents The are av­er­age in­vest­ing num­berin a re­lated of se­cu­rity de­tected strat­egy. in­for­ma­tion se­cu­rity in­ci­dentsThe av­er­ageby sur­vey num­ber re­spon­dentsof de­tecte­din the Chi­nese in­for­ma­tion main­land se­cu­rity and in­ci­dentsHong Kong by reached sur­vey 2,577 re­spon­dents over the last in 12 the months, Chi­nese mark­ing main­land a and 969 per­centHong Kong in­crease reached from 2,577 2014, overand the more last than12 months, dou­bling markinga969per­cent the av­er­age recorded in­crease­fromin 2015. 2014,In con­trast,and more an than av­er­age dou­bling of

Sa­muel Sinn,

Sa­muel Sinn, Cy­ber­se­cu­rity & Pri­vacy Part­ner, PwC China 4,782 de­tected in­ci­dents was re­ported world­wide in 2016, a 3 per­cent drop from the global av­er­age num­ber of de­tected in­ci­dents re­ported in 2014.

The sur­vey said there had been a de­crease in the in­for­ma­tion se­cu­rity bud­gets of the Chi­nese main­land and Hong Kong com­pa­niesThe sur­veyin 2016,said there­with a had 7.6 re­spon­dentsper­cent de­cline year-on-year. ac­knowl­edged that Even digi­ti­sa­tionso, 88 per­cent has of in­flu­enced those re­spon­dents­their in­for­ma­tion ac­knowl­edged se­cu­rity that digi­ti­sa­tion spend­ing has in in­flu­enced2016. They their high­lighted in­for­ma­tion the se­cu­rity need spend­ingto align cy­berin 2016. se­cu­ri­tyThey high­light­ed­with business the strat­eg­y­need to align and cy­ber­said that se­cu­rity se­cu­rity with gov­er­nance­busi­ness strat­e­gy­was a and top said pri­or­ity that for se­cu­rity spend­ing gov­er­nanceover the was pe­riod.a top pri­or­ity More­over,for spend­ing31.5 per­centover theof re­spon­dentspe­riod. from the Chi­nese main­land More­over, and 31.5 Hong per­cent Kong of stated re­spon­dentsa spe­cific from in­ten­tion­the Chi­ne­seto in­vest main­land in and ad­vancedHong Kong se­cu­rity stated tech­nolo­gies,a spe­cific in­ten­tion in­clud­ing to ar­ti­fi­cial in­vest in ad­vanced in­tel­li­gence se­cu­rity and tech­nolo­gies,ma­chine learn­ing in­clud­ing tech­nolo­gies. ar­ti­fi­cial in­tel­li­gence The se­cu­rityand ma­chi­neof IoT learn­ingde­vices has tech­nolo­gies. re­ceived wide­spread at­ten­tion.The se­cu­rity Rapidof IoT adop­tion­de­vices ha­sof IoT re­ceivedand lack widespreadof se­cu­rity at­ten­tion.aware­ness Rapid about adop­tion IoT of prod­uct­sIoT and lackis drivin­gof se­cu­rity an aware­ness in­crease aboutin we­b­cams IoT prod­ucts or is home driv­ing au­toma­tio­nan in­crease de­vicesin we­b­cams be­ing or home tar­geted au­toma­tio­nand breached de­vices by be­ing cy­ber­crim­i­nals.tar­geted and breached“We can by see cy­ber­crim­i­nals.that some for-

For­ward-look­ingFor­ward-look­ing com­pa­­pa­nies... are in­creasin­gare in­creas­ing in­vest­ment in­vest­mentin cy­berin cy­ber se­cu­rity se­cu­rity tech­nol­ogy.” tech­nol­ogy.” Cy­ber­se­cu­rity & Pri­vacy Part­ner, PwC China the av­er­age num­ber of in­for­ma­tion se­cu­rity in­ci­dents de­tected by sur­vey re­spon­dents in China over the last 12 months

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