The Financial Times reports on Asia’s struggle to combat a growing number of cybercrimes. A survey conducted by Grant Thornton found the Asia-Pacific region lost $81.3 billion from cyberattacks in a 12-month time frame ending in September 2015. Privacy observers say a lack of awareness and investment leave organizations exposed, particularly in comparison to companies in the U.S. and in Europe. Privacy professionals say growing political tensions are also to blame for the rise in cyberattacks. “There is no question that [the problem] is growing,” says Regional President at LogRhythm Bill Taylor. “In the past few years hackers in Asia have certainly ramped up the game. It wasn’t talked about as much and maybe it wasn’t as apparent.” (Registration may be required to access this story.)
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