A recent Cisco study showed that Small and medium businesses or SMEs in Thailand are facing risk or being attacked by cyber And there has been an unprecedented increase in concerns about cybersecurity threats, with 65% of Thai SMEs experiencing a cyberattack in the past year and 76% losing customer data. after a cyber attack
As a result, SMEs are increasingly concerned about cybersecurity risks, with 76 percent saying they are now more concerned about cybersecurity than they were 12 months ago and 97 percent. Feeling at risk of cyber threats, however, SMEs in the region do not succumb to the problem. The results of the Cisco study show that SMEs are taking serious measures in areas such as cyber threat modeling. To train against attacks and improve cyber defense capabilities.
study report: Cybersecurity for SMEs: Preparing Asia-Pacific Businesses for Digital Defense (Cybersecurity for SMBs: Asia Pacific Businesses Prepare for Digital Defense) based on the results of the survey double-blinded of business executives and more than 3,700 IT executives in cybersecurity from 14 countries in Asia-Pacific. The survey shows that SMEs in Thailand are facing a variety of methods used by criminals to break into their corporate systems. which malware attacks No. 1 in Thailand Affects 91% of SMEs, followed by phishing 77% last year.
Nearly half (49%) of Thai SMEs who have experienced cyber attacks say The biggest reason why organizations are attacked is because their cybersecurity solutions are not powerful enough to detect them. or preventing attacks, while 25% said the main reason was that the organization did not have a cybersecurity solution installed. and is not given priority
The problem has a huge negative impact on the business. Nearly half (47%) of Thai SMEs who have experienced a cyberattack in the past 12 months said the incident caused at least $500,000 worth of business damage. ) while 28% suffered damages of $1 million (approximately 32 million baht) or more.
Mr. Taweewat Chantaraseno, Managing Director, Cisco Thailand Said, “SMEs in Thailand have accelerated their digital transformation efforts in the past 18 months. to be able to take advantage of the technology for continuous operation and meet the needs of customers as a result of the epidemic With this digital transformation, SMEs need to invest in technologies and solutions that can help protect organizations from cybersecurity threats. This is because the more digital the business is. The more it becomes the target of the villain’s attack.”
In addition to losing customer data The compromised Thai SMEs also lost employee data (69%), internal email (65%), intellectual property (53%), financial data (57%), and critical business data ( 49%) Additionally, 56% experienced operational disruptions as a result of cyberattacks.
Business disruptions resulting from cyberattacks can have serious consequences for SMEs, with more than eight in 10 (81%) of Thai SMEs saying Any system downtime of more than an hour would lead to severe disruption of business operations, and 86% said this would result in lost revenue for the organization. And more than that, 29% said that if the system stopped working for more than a day. will cause the organization to stop operating permanently
This challenge has increased in scope and severity as only 13% of Thai respondents said they were able to detect a cyberattack within an hour. And the number of organizations that can fix a cyberattack in one hour is only 7%.
Juan Huat Koo, Cisco Regional Director of Cybersecurity, ASEAN Said, “Today, customers need responsiveness and fast service. and has no patience to wait in case of system downtime for a long time Therefore, it is essential for SMEs to be able to detect, monitor, and intercept or resolve cyberattacks as quickly as possible. which being able to do so must rely on the installed solution and easy to use can be integrated harmoniously and supports automatic operation Both in the area of detecting, blocking and resolving cyberattacks, it must support a clear and comprehensive audit across the entire IT infrastructure. including cloud A system that is ‘As a Service’ and manages cybersecurity at the Platform Approach level.”
overcome fear “Preparation”
According to a Cisco study, Thai SMEs are increasingly concerned about cybersecurity risks and challenges. It is being taken seriously to study and understand. and improve the cybersecurity status of the organization, 95% of Thai SMEs have planned and modeling the cyber threats of the last 12 months. Most have cyberattack response plans (92%) and disaster recovery plans (88%).
85% of respondents who undertake planning and cyberthreat modeling to discover weaknesses or problems in enterprise security systems And among SMEs that detected a vulnerability, 94% said the reason was because there was no suitable technology for detecting attacks. or cyber threats
SMEs are also aware of the major sources of cyber threats. The study revealed that phishing was seen as the most important threat to Thai SMEs (35% of respondents said it was #1). for overall safety, including Targeted attacks or malicious actors (26% of respondents rated 1), personal device use (20% of respondents rated 1) and unsafe laptop devices (13). % of respondents said they were ranked #1
The good news is that SMEs have a strong investment in cybersecurity, with 89% of Thai SMEs increasing their investment in cybersecurity since the outbreak. 52% increased investment by more than 5%. These investments are distributed evenly in areas such as cybersecurity solutions. Compliance follow-up audit personnel training and insurance This shows that SMEs have a good understanding of the need to adopt a comprehensive and integrated approach to building strong cybersecurity.
Kerry Singleton, Cisco managing director of cybersecurity for the Asia-Pacific region, Japan and China. said, “Cybersecurity is evolving rapidly. This is due to trends such as increased attack channels. Migration to Multi-Cloud Working in a hybrid model includes new requirements and regulations. Security As more and more SMEs transform their operations into digital This is a great opportunity for SMEs to lay the right foundation for their security. and build a business based on strong confidence.”
This report presents five recommendations that can help businesses of all sizes improve cybersecurity in the face of ever-changing scenarios, including:
1) Consultation with senior management and all parties involved regularly
2) Implementing a simple, end-to-end approach to cybersecurity
3) Staying prepared with cyber threat modeling
4) Training and educating employees
5) Working with the right technology partners
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