Singapore, Japan and Malaysia have singled out cyber-attack as the risk of highest concern according to the World Economic Forum’s 2016 Global Risk report. Singapore’s Minister for Communications and Information Yaacob Ibrahim also recently announced a new, standalone Cybersecurity Act to be tabled in next year’s Parliament. Once instituted, this Act will provide for stronger and more proactive powers in response to cyber-attacks growing in boldness, speed and sophistication.
All these show that traditional security measures such as antivirus (AV) are no longer sufficient in today’s increasingly sophisticated digital landscape. Yet AV is by far the most widely deployed endpoint protection solution, with more than 90 percent of corporate devices running AV software. So where do these new security threats come from?
|Kane Lightoweler, MD, Carbon Black, APAC|
The biggest bullies are no longer historic nuisance malware that impairs system performance. Advanced threats are the new kid on the block, running amok in the systems of organizations, causing way more damage than was possible before. Today’s security battle is being waged at the endpoint—servers, desktop and laptop computers, mobile devices, and fixed-function device such as point-of-sale machines—because that’s where organizations’ critical information resides. These advanced threats - the brainchild of highly sophisticated cyber criminals, aim to control or destroy an infected system with the goal of stealing economic or strategically important information.