BEIJING – 19 July 2017 – In a new Asia-Pacific survey on cybersecurity, 86 per cent of Chinese respondents said cyberattacks have become more sophisticated, yet the biggest barrier they face in combatting cybercrime is keeping up with available security solutions. These and other findings were revealed in ‘The State of Cybersecurity Report in Asia-Pacific’ by Palo Alto Networks, the next-generation security company.
The survey also covered the sensitive subject of monetary loss due to cyberattacks in the period covering fiscal year 2016-17. Disturbingly, 74 per cent of Chinese respondents said they had been financially impacted, with two companies stating they had each suffered a loss between RMB3.4 million (US$500,000) and RMB6.8 million (US$1 million). Apart from money, Chinese businesses said they feared loss of client information (33 per cent) with 24 per cent fearing damage to reputation with clients and customers.
Other key findings in China revealed:
Note to Editors
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Senior Manager, Corporate Communications, Asia Pacific & Japan, Palo Alto Networks
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