Asia/Pacific Manufacturers Lag Behind Other Regions In Awareness Of Information Security Risks

According to this study, a shockingly high percentage of Asian manufacturers do not know how many security events have occurred in their organizations in the past 12 months (58.3%) or the nature of the events (63.9%). These figures are higher than the worldwide average of 55.1% and 54.2% respectively.

However, when the respondents were asked to assess their organizations’ information security measures, three quarters of the manufacturers in this region say that they are very or extremely confident that the information held by their organizations is protected from external (77.8%) and internal (69.4%) attacks.

The disconnect between perception and reality suggests that Asia/Pacific manufacturers are not as aware of their security risks and threats as they think. Clearly, manufacturers in this region need to step up their awareness programs to get up to speed on their knowledge of the security risks and countermeasures that exist today.

This study also yielded positive findings. Compared to five years ago, information security has moved up the management hierarchy due to a combination of factors, including increasing challenges in the new economy, the rise in cyber crime and the growing complexity of terrorist threats. The survey results from this study show that 33.3% of Asia manufacturers indicated that their organizations' top security executive now reports directly to the CEO, while the rest (almost 70%) reported to either the CIO, CTO, CFO or board of directors, clearly signifying a rise in rank of the Chief Information Security Officer (CISO) as part of the C-Suite.

Advancements in IT such as Web 2.0 and cloud computing technologies have enabled a more productive organization in the manufacturing sector. However, these IT enablers also open up more risks to security.

Conclusion: Moving ahead, manufacturers should align their security strategies with business goals and direction to reduce the potential damage and loss caused by security attacks.

Comments

Post a Comment

Popular posts from this blog

Indian Retail Industry 2012 - 2013

Image
                                                                   Rajesh Thambala – Research Analyst   1.   Introduction T he Indian retail landscape is evolved from the brick-and-mortar model to adopt technology for connecting with consumers. The aim is to achieve a complete seamless customer experience. The Indian retail sector accounts for over 20% of the country’s gross domestic product (GDP) and contributes 8% to total employment. The cumulative foreign direct investment (FDI) inflows in single-brand retail trading, during April 2000 to June 2011, stood at 69.26 million USD. The current estimated value of the Indian ret...
Read more

The future of e-Learning

Image
                                                                                                  - Rajesh Thambala   Transforming education for future is an excellent introduction to how digital culture is influencing visions of education.  The argument is that the current educational system exists to prepare people for a 19th and 20th century, and that must be recreated in order to prepare students for future.  This goes beyond reading, writing, math, and science.  It explores the ...
Read more

The Indian retail industry 2020

The Indian retail industry is one of the fastest growing in the world. Retail industry in India is expected to grow to US$ 1.3 trillion by 2020, registering a Compound Annual Growth Rate (CAGR) of 16.7 per cent over 2015-20.    India is the fifth largest preferred retail destination globally. The country is among the highest in the world in terms of per capita retail store availability. India’s retail sector is experiencing exponential growth, with retail development taking place not just in major cities and metros, but also in Tier-II and Tier-III cities. Healthy economic growth, changing demographic profile, increasing disposable incomes, urbanisation, changing consumer tastes and preferences are the other factors driving growth in the organised retail market in India.    India’s population is taking to online retail in a big way. The online retail market is expected to grow from US$ 6 billion to US$ 70 billion during FY15-FY20.   Increasing p...
Read more