Malaysia has passed a landmark cybersecurity law in response to heightened cybersecurity threats to critical national infrastructure, but privacy hawks believe the greatest risk to citizens' privacy is PADU, a centralized government database that will store the data of 29 million citizens.
After suffering a data breach, organizations that work closely with regulators and cybersecurity officials will be treated with greater leniency if their case results in penalties and a fine, says new guidance on data protection fines published by the U.K. Information Commissioner's Office.
Technology practitioners, business leaders and industry experts gathered for the inaugural CIO Business Transformation Awards and Summit this month in New Delhi, India. The ISMG event, hosted by CIO.inc, recognized the remarkable strides CIOs have made in business transformation.
The South Korean government is investing $585 million in domestic AI research and development in 2024, but spending cuts, a shrinking technology workforce and growing competition with other APAC countries pose challenges to the government's goal of "global technology domination."
The pace of cybersecurity improvements has stagnated at many Britain organizations over the past year, driven in part by budget and staffing challenges, according to a new U.K. government report designed to assess domestic business resilience and the country's collective cybersecurity posture.
Only about one-quarter of the top companies in Asia plan to integrate generative AI into their security operations centers, according to a recent IDC report. Organizations are looking for a clear return on investment and tangible cyber risk management benefit before investing in AI.
Cyberattacks hit multiple parts of the business - not just IT. For example, a spam attack on a Singapore bank affected both IT infrastructure and overall business operations, said Chee Lung Yuen, CISO at AIA Malaysia. That's why CISOs need to consider all potential risks, he said.
Singapore has urged banks to be cautious when using artificial intelligence tools to forecast inflation and to stick to time-tested structural models. The Monetary Authority said banks must learn from the post-pandemic inflation surge, which everyone failed to predict.
The Conservative government of British Prime Minister Rishi Sunak says it won't champion a reinsurance plan for cyber insurance similar to flood insurance, telling a parliamentary committee it doesn't want to "damage competition." Global ransomware payments surged to record levels during 2023.
A last-ditch attempt by British lawmakers to amend a bill expanding electronic communication interception by the U.K. authorities failed despite concerns over pervasive surveillance. The proposal would authorize interception of bulk personal datasets with "limited or no expectation of privacy."
South Korean intelligence service officials have blamed North Korean hackers for targeting the country's semiconductor manufacturing companies. Hackers who gain access to chip-making technology and product designs could hurt South Korea’s leadership in the semiconductor industry.
An Indian government advisory that requires tech companies to obtain government approval to deploy AI platforms has raised fears that too much regulation could stifle AI development in the country. Union Minister Chandrasekhar clarified that the requirement does not apply to startup companies.
The surge in authorized push payment fraud in APAC underscores the urgent need for enhanced cooperation between banks and telecommunications companies. Both players should tap into AI and ML technologies for better fraud detection and real-time authentication, said Mel Migriño of Gogolook.
Security leaders from a wide range of industries explored the latest cybersecurity trends and issues -including Web 4.0, generative AI, automation, data protection and regulatory compliance - at ISMG's DynamicCISO Excellence Awards and Conference 2024 in Mumbai.
The U.K. telecom regulator Ofcom faces "significant challenges" in implementing the newly passed Online Safety Act, which is intended to protect children from online harm, says analysis by the House of Commons Committee of Public Accounts.
Our website uses cookies. Cookies enable us to provide the best experience possible and help us understand how visitors use our website. By browsing careersinfosecurity.asia, you agree to our use of cookies.