Asia set to be largest cy­ber se­cu­rity spender

New Straits Times - - News -

KUALA LUMPUR: In the span of five years, Asia will be the largest spender for is­sues per­tain­ing to cy­ber se­cu­rity.

Canada’s SecDev Group prin­ci­pal and chief ex­ec­u­tive of­fi­cer Dr Rafal Ro­hozin­ski said yes­ter­day that the ran­somware at­tack that af­fected more than 100 coun­tries re­cently had served to in­crease aware­ness about cy­ber se­cu­rity and for gov­ern­ments to in­vest more in it.

“Some 63 per cent of the global spend­ing on IT is go­ing to oc­cur in the Asian re­gion next year, and over the next five years, a tril­lion dol­lars will be spent on cy­ber se­cu­rity.

“The Asian re­gion will spend on this due to its mas­sive num­ber of users... cy­ber se­cu­rity is go­ing to have an im­pact on life,” he said.

Ro­hozin­ski was speak­ing at the third ple­nary ses­sion for the 31st Asia-Pa­cific Roundtable Dis­cus­sion

2017, ti­tled “Ten­sions in Cy­ber Space: Balanc­ing Na­tional Se­cu­rity, Pri­vacy and In­no­va­tion”.

“There is in­creas­ing gov­ern­ment in­volve­ment in try­ing to pro­tect their na­tional cy­ber do­mains and this will see moves to­wards leg­is­lat­ing cy­berspace in the name of se­cu­rity,” he said.

How­ever, Ro­hozin­ski said the surge would have two prob­a­ble out­comes.

“The ques­tion is whether this will con­tinue to un­leash the cre­ativ­ity to pro­pel this re­gion eco­nom­i­cally to the fore­front of the world, or if it is go­ing to lead us to more closed-down sys­tems,” he said.

Ear­lier, Ro­hozin­ski said 50 per cent of the global per­cent­age of the In­ter­net pop­u­la­tion was in the Asian re­gion, ad­ding that the av­er­age age of In­ter­net users in the re­gion was 25 years old.

He said this group was en­ter­ing the thresh­old of the adult life and would be the de­mo­graphic which would chal­lenge the sta­tus quo.

“The young adults in de­vel­op­ing coun­tries are more con­nected than ever to cy­berspace and this will be a global game-changer.”

The three-day 31st APR ti­tled “The Fu­ture of the Asia Pa­cific: Is­sues and In­sti­tu­tions in Flux” ends today.

APR is a project of the Asean In­sti­tutes of Strate­gic and In­ter­na­tional Stud­ies (AseanI­sis).

Tan Sri Ras­tam Mohd Isa

Dr Rafal Ro­hozin­ski

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