A third of APAC businesses lack a cyber incident response plan
Kroll, the independent provider of global risk and financial advisory solutions, has announced research revealing that businesses in Asia Pacific are feeling the impact of cyberattacks, but many are yet to build appropriate response plans or have regular access to relevant cyber expertise. Highlights of the State of Incident Response: Asia Pacific report include: - In response to a cyber incident, 36% of organisations in Asia Pacific did not have an incident response playbook, a plan or policies in place; 38% did not have an appointed data protection officer or access to cybersecurity specialists on a retainer in Asia Pacific. - The two most-cited impacts of a cyber incident were data loss (51%) and business interruption (49%). - In order to address cybersecurity threats, the majority of organisations are planning to increase budgets (64%) and moving to the cloud (65%). Regionally: - Businesses in Australia were the least likely to have an incident response plan in place, and tho...