Veracity’s APAC team has been busy at events this month
Veracity Trust Network’s APAC team has been attending and speaking at the ASEAN Japan Cybersecurity Community Alliance Conference this week.
Held at the Suntec Singapore Conference and Exhibition Centre, Veracity Trust Network was the Platinum Sponsor for the AJCCA event.
The ASEAN Japan Cybersecurity Community Alliance (AJCCA) is a collaborative initiative formed by nine leading cybersecurity communities from ASEAN nations and Japan.
Veracity’s Global CTO & APAC CEO Stewart Boutcher gave a presentation entitled – The new web & app side cyber risks to organisations and Governments – to a well-attended audience while Daniel Goh, APAC CTO/CISO, took part in a panel discussing the impact of community on cyber resilience.
Web and app environments are usually not under the control of or monitored by cybersecurity teams within an organisation and as such are now being used by cyber criminals for reconnaissance, defence probing, tech stack analysis, as well as for direct breach where possible.
In his presentation Stewart, a world-leading specialist in the areas of threat analysis and protection from malicious bot activity on websites and mobile apps, explained about the nature of this threat, how it applies to organisations and Governments alike, what the risks are, and how to mitigate against those risks.
He quoted a September 2024 study from PwC which revealed that 75% of executives for US corporations ranked cyberattacks as their top business risk.
The top three emerging risks identified by ENISA – the European Union Agency for Cybersecurity – are:
- Supply Chain Compromise of Software Dependencies;
- Skills Shortages;
- Human Error and Exploited Legacy Systems Within Cyber-Physical Ecosystems.
He expanded on that study with information from the UK’s National Cyber Security Centre (NCSC) which released a notice earlier this month urging organisations and individuals to implement protective measures against cyber AI threats.
This follows a recent GCHQ report highlighting that artificial intelligence will almost certainly increase the volume and impact of cyber-attacks in the next two years and is expected to heighten the global ransomware threat.
A similar picture is observed in Singapore where key findings from the CSA published Singapore Cybersecurity Health Report 2023 comments that “only one in three organisations have fully implemented at least three of the five categories of measures in Cyber Essentials”.
In addition, 59% of businesses and 56% of non-profits cited a “lack of knowledge or experience” as their top challenge, followed by “perceived unlikelihood of being a target of cyber-attacks”, “lack of manpower or resources”, “low return-of-investment” and “lack of budget” as justification for their inaction.
While out in the APAC region, the team have also exhibited in the Partner Start-up Pavilion at GovWare 2024 in the Sands Expo and Convention Centre in Singapore, received a Highly Commended certificate for Technological Impact of the Year at the 25th Annual Business Awards by British Chamber of Commerce Singapore (BritCham), and next week, Group CEO Nigel Bridges, will be at the UK Tech Founders Showcase Event as part of the Trade Mission to Hong Kong.
