The rapid shift to digital by established banks in Apac is outpacing their capacity to adequately protect themselves from emergent cyber threats, according to analysis by the Financial Services Information Sharing and Analysis Center (FS-Isac).
FS-Isac says the teutonic shift to digital is laying firms open to ransomware and supply chain attacks, as well as a resurgence of banking trojans and distributed denial of service (DDoS) threats.
According to a 2021 Check Point report, 75% of firms says that the security of their public cloud infrastructure is a serious concern, as many enterprises are still getting to grips with addressing the different security challenges associated with cloud-based technologies.
The FS-ISAC 2021 Cyber Trends and Threats Review also identified other significant issues facing the region, including the strengthening of regulatory oversight of…
