Intelligent Tech Channels Issue 54 - Page 54

EXPERT SPEAK

THREE THINGS BUSINESS LEADERS SHOULD KNOW ABOUT SECURITY

With leading businesses and military groups throughout APAC under attack from cybercriminals , Dave Russell , Vice President of Enterprise Strategy , Veeam Software , says business leaders must be at the forefront of their company ’ s security .

A few years ago , Cathay Pacific suffered a lapse in data security affecting the personal information of an estimated 9.4 million people . Along with the questions it raised around the effectiveness of cybersecurity for all companies , a top international law firm noted another effect : an uptick in interest in collective redress , a type of representative action resembling a class action lawsuit .

Multiple Asia-based offices of international insurance giant AXA . . . and several military groups throughout Southeast Asia , have become just a few of the targets of ransomware attacks .
Two years later , cybersecurity would once again step into the spotlight as risk shot up , in step with millions of people around the world shifting to remote work during the global pandemic .
Multiple Asia-based offices of international insurance giant AXA , the Singapore-based arm of Japanese insurance company Tokio Marine Group , and several military groups throughout Southeast Asia , have become just a few of the targets of ransomware attacks .
Dave Russell , Vice President of Enterprise Strategy , Veeam Software
Designed to spread through a network , ransomware is malicious software that infects a computer and restricts access to crucial user data for a ransom . The cost of a ransomware attack can amount to
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