HONG KONG – 19 July 2017 – In a new survey on cybersecurity, 71 per cent of Hong Kong respondents say cyberattacks have become more sophisticated, yet the biggest barriers they face in combatting cybercrime are keeping up with available security solutions and the lack of security professionals. This and other findings were revealed in ‘The State of Cybersecurity in Asia-Pacific’ by Palo Alto Networks, the next-generation security company.
Mirroring Hong Kong, nearly half (46 per cent) of all companies surveyed across the Asia-Pacific region said they were unable to keep up with evolving cybersecurity solutions. On the other hand, 54 per cent of respondents in China cited this as the primary barrier to ensuring cybersecurity at their organisation and cited external users as the second-biggest challenge.
The survey also covered the sensitive subject of monetary loss due to cyberattacks in the period covering fiscal year 2016-17. Disturbingly, 69 per cent of Hong Kong respondents said they had been financially impacted, with two companies stating they had each suffered a loss of HK$7.8 million (US$1,000,000) or more. Apart from money, Hong Kong business said they feared both loss of client information (31 per cent) and company downtime while the breach was fixed (31 per cent).
Other key findings in Hong Kong revealed:
Note to Editors
The survey was conducted amongst more than 500 business professionals in APAC, covering Australia, China, Hong Kong, India and Singapore markets.
About Palo Alto Networks
Palo Alto Networks is the next-generation security company, leading a new era in cybersecurity by safely enabling applications and preventing cyber breaches for tens of thousands of organizations worldwide. Built with an innovative approach and highly differentiated cyberthreat prevention capabilities, our game-changing security platform delivers security far superior to legacy or point products, safely enables daily business operations, and protects an organization’s most valuable assets. Find out more at www.paloaltonetworks.com.
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Senior Manager, Corporate Communications, Asia Pacific & Japan, Palo Alto Networks
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