Increasing dependence on technology by businesses and cities in Asia Pacific leads to two major implications for the region, says a study by the Asia-Pacific Risk Center of Marsh & McLennan Companies, Guy Carpenter’s parent company. From Threats to Impact - Evolving Risk Concerns in Asia-Pacific says this dependence will lead to a growing demand for Information and Communication Technology (ICT) infrastructure, which is currently not being met. On the other, it also means that cities and businesses in the region are progressively under the threat of a systemic breakdown from a cyberattack.
This dual effect of cyber dependency means that the shortfall in ICT infrastructure in the region should be considered not only in terms of infrastructure quantity but also in terms of security and resilience. There is already a serious dearth in investment in the security aspect of ICT infrastructure in Asia Pacific, as exemplified by the lack of secured Internet servers in the region.
The increased frequency and sophistication of cyberattacks in Asia Pacific will only worsen the current shortfall, highlighting the need for governments and businesses alike to make new and existing infrastructure resilient against potential cyber threats.
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