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Jakarta Post

Managing cybersecurity risks for digital resilience

  • Michael Gryseels, Vishal Agarwal and Aman Dhingra

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Jakarta   /   Mon, August 27, 2018   /  03:05 pm
Managing cybersecurity risks for digital resilience The Indonesian Security Incident Response Team reported 205 million cyberattacks in 2017.  (Shutterstock/File)

The Indonesian Security Incident Response Team (Id-SIRTII) reported 205 million cyberattacks in 2017. Cyberattacks can be costly, and their scope is widening. Until recently, financial companies and governments were the primary targets of cybercrime. No more. The WannaCry and NotPetya ransomware attacks of 2017 affected companies in a wide range of industries, including several institutions in Indonesia. Furthermore, the discovery of the Meltdown and Spectre on computer chips showed that cyber risks occur not just in software but in hardware too. 

Many companies, in Indonesia and elsewhere, will need to do much more to protect themselves from cyber risks. In a recent global survey by McKinsey & Company, 75 percent of executives said they consider cybersecurity a top priority. Yet, only 16 percent said their companies were well prepared to withstand cyberrisks. Mer...

Disclaimer: The opinions expressed in this article are those of the author and do not reflect the official stance of The Jakarta Post.