Asia dominates new Microsoft Cyber Security report

Microsoft Asia recently released regional findings from their global Security Intelligence Report ( SIR), Volume 22, which found that Asian countries, especially emerging ones, are most exposed to malicious programmes.

Out of the top locations across the globe most at risk of malware infection in the first quarter of 2017, most of them are developing economies from this region.

Microsoft's bi- annual Security Intelligence Report ( SIR) provides in- depth data and insights into the global threat landscape, particularly in software vulnerabilities, exploits, malware and web-based attacks. In this latest version, the report tracked endpoint as well as cloud threat data and profiles more than 100 individual markets. It also shares best practices and solutions that can help organisations better protect, detect and respond to threats, according to a Microsoft media release.

"Driven by the proliferation of endpoints and the ubiquitous computing power of the cloud, the opportunity for digital transformation to make broad and profound impacts across our society has never been greater," said Keshav Dhakad, Assistant General Counsel and Regional Director, Digital Crimes Unit (DCU), Microsoft Asia.

"However, for digitalisation to reach its fullest potential, users must first trust the technology they use. Microsoft is committed to helping our customers and partners build that trust and the first step is to help them understand the multitude of cyber threats out there so that they can implement more effective ways to manage and neutralise these risks."

The report found that Bangladesh and Pakistan have the highest mal- ware encounter rate around the world. This is followed by two ASEAN nations - namely Cambodia and Indonesia. Approximately one in four computers running Microsoft realtime security products in these countries reported a malware encounter from January to March 2017.

Other top areas under malware threats include Myanmar, Nepal, Thailand and Vietnam, each with an average malware encounter rate of more than 20 per cent in the first quarter of 2017. This is more than double the global average of 9 per cent. Sri Lanka was in 11th position in terms of the 'malware encounter rate'.

Ransomware is one of the most infamous malware families in 2017. In the first half of this year, two waves of ransomware attacks, WannaCrypt and Petya, exploited vulnerabilities in outdated Windows operating systems worldwide and disabled thousands of devices by illegitimately restricting access to data through encryption. This not only disrupted individuals' daily lives but also crippled many enterprises' operations.

The report also highlighted that there is a 300 per cent increase in consumer and enterprise accounts managed in the cloud being attacked globally over the past year while the number of logins attempted from malicious IP addresses has increased by 44 per cent year over year.

In addition, a large majority of these compromises are the result of weak, guessable passwords and poor password management, followed by targeted phishing attacks and breaches of third-party services. As the frequency and sophistication of attacks on user accounts in the cloud accelerates, there is an increased emphasis on the need to move beyond passwords for authentication.