Tag Archive for: APAC

Previously Undiscovered Team of State-Sponsored Chinese Hackers, Has Been Quietly Committing Cyber Espionage in the APAC Region for a Decade


A new advanced persistent threat (APT) group linked to China has been discovered by SentinelLabs, but only after conducting cyber espionage campaigns under the radar since 2013. The Chinese hackers have been given the name “Aoqin Dragon,” appear to specialize in targeting the Asia Pacific region and likes to lure victims with malicious documents that appear to be salacious ads for pornography sites.

Stealthy Chinese hackers focused on Australia and Southeast Asia

The cyber espionage group is thought to have been in action since at least 2013, with a heavy focus on certain APAC countries and regions: Australia, Cambodia, Hong Kong, Singapore, and Vietnam. The group also focuses in on government agencies, educational institutions and telecommunications firms, and appears to target individuals involved in political affairs.

The group’s favorite approach is a fairly simple one, and has remained consistent over the years: get the victim to open malicious documents, such as PDF and RTF files. Since 2018 the group has also been observed utilizing fake removable devices via bogus shortcut files delivered to victims using Windows computers; when targets attempt to open the fake device in Windows Explorer, the Evernote Tray Application is hijacked to load a malicious DLL that quietly creates a backdoor for the attackers. The group has also been observed using fake antivirus executables.

The Chinese hackers have shown some connections to another threat group, referred to as “UNC94” (or “Naikon”) by Mandiant, that has been tracked for some years now and has also shown links to the Chinese government in its operations. Both groups employ advanced tactics, such as DNS tunneling and the use of Themida-packed files to create a virtual machine that can evade most malware detection.

The link to the Chinese government is based primarily on the group’s use of Chinese language in its malware and the targets of its cyber espionage, which are almost always of clear political interest to the CCP. The group is also not noted for engaging in the for-profit activities or target selection that would be expected of a criminal outfit.

Cyber espionage targets, tools and tactics point to low-key…

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APAC organisations forking out millions due to ransomware


Ransomware has had a widespread impact on organisations in the Asia Pacific region in numerous ways, including both financially and legally.

This is according to Claroty’s report titled ‘Global State of Industrial Cybersecurity 2021: Resilience Amid Disruption’, which revealed the impact of ransomware on organisations during 2021.

An independent survey of 1,100 full-time IT and OT security professionals was carried out in the United States, Europe and Asia Pacific, to determine how organisations dealt with ransomware challenges in 2021 and their levels of resiliency and priorities moving forward.

The report found that 80% of organisations in APAC were affected by ransomware attacks and just over half (51%) paid the ransom.

Overall, 71% of organisations in APAC paid ransom fees of US$100K-1M, and 13% paid US$1-5M. Moreover, 52% of APAC organisations reported a downtime event would cost them up to US$0.5M per hour in lost revenue, with 36% reporting costs would be even higher per hour at US$0.5-5M.

Globally, 9% of organisations said costs would exceed US$5M per hour. Only 5% of APAC companies would face such high costs.

The survey also explored the legal requirement to report ransomware payments, with only 45% in APAC supporting a legal requirement to report ransomware payments, so long as this came with a requirement to also report payments to regulators or other authorities.

On the contrary, 23% in APAC supported ransomware payments being legally required, but with no obligation to report payment.

However, the report notes: “As long as the financial model continues to favour paying the ransom, these threats will continue. The only way to mitigate the risk is to understand how to make hyperconnectivity more secure. Gaps in processes and technology, some that have existed for years, must be addressed.”

On this front, the survey revealed an almost universally increased investment in cybersecurity, and a strengthening of cybersecurity measures over the past two years driven by the pandemic and by high-profile, and highly damaging, ransomware attacks in 2021: on Colonial Pipeline and global meat processor JBS, as well as the SolarWinds supply chain attack.

A…

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Eight computer security trends APAC leaders should urgently address


Computer security in APAC needs a reboot, with these 8 trends in mind - Prince, of the Red Hacker Alliance monitors global cyberattacks on his PC (Photo by NICOLAS ASFOURI / AFP)

Computer security in APAC needs a reboot, with these 8 trends in mind. (Photo by NICOLAS ASFOURI / AFP)

Cybersecurity remains an ever-growing concern in a digitized, post-pandemic world. Covid-19 has killed in more ways than one – physically, and with the demise of multitudes of jobs across the world. 

However, the outbreak has also catalyzed the maturation of digitalization – demand for digital services has been nothing short of explosive during the pandemic.

Growth of Digital in APAC

The Southeast Asian (SEA) region is not a stranger to digital disruption, innovation, and digitally transformative initiatives, either. Rapid and proactive action by governments to control the spread of Covid-19 has resulted in tight border and movement restrictions.

This has, in turn, jolted businesses ranging from mega entities to small and medium business (SMBs) towards optimizing and increasing adoption of digitalized solutions in order to keep their hungry economies connected and vital. 

Computer security and talent shortage woes

The region has been racing to adopt technologies such as cloud, edge, 5G, artificial intelligence (AI), machine learning (ML), and IoT, in post-pandemic economic recovery effortsAlas, a menacing darkness looms over this sliver of economic hope: cybersecurity threats.

Earlier last year, Tech Wire Asia reported that cybersecurity was at the forefront of priorities for APAC business decision-makers alongside digital growth. However, the lack of talent in the field is still a major concern.

The 2021 cybersecurity update

In May 2021, Check Point Software Technologies released research data on cybersecurity threats in APAC and found that, compared to May of the previous year, cyberattacks have increased by an alarming 168%. 

In fact, there was a 53% increase from April to May this year alone. The top five countries seeing the largest increase in cyberattacks as compared to May 2020 are Japan (40%), Singapore (30%), Indonesia (25%), Malaysia (22%), and Taiwan (17%). 

The top three sectors most affected by these cyber threats are utilities (39%), internet and managed service providers (ISPs/MSPs with 12% of the total), and software vendors (6%). According to Check Point,

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Cloud Storage Market to Exhibit 6.3% CAGR by 2027 Backed by Increasing Focus on Power Generation in APAC Region, says Fortune Business Insights™


Pune, India, Feb. 19, 2021 (GLOBE NEWSWIRE) — The global cloud storage market is set to gain traction from the rising adoption of autonomous systems and machine learning. Besides, the introduction to unique video systems, internet of things (IoT), and remote sensing technologies are driving the market growth. This information is provided by Fortune Business Insights™ in a recent study, titled, “Cloud Storage Market size, Share & Industry Analysis, By Component (Storage Model, and Services), By Deployment (Private, Public, and Hybrid), By Enterprise Size (SMEs, and Large Enterprises), By Vertical (BFSI, IT and Telecommunication, Government and Public Sector, Manufacturing, Healthcare and Life Sciences, Retail and Consumer Goods, Media and Entertainment, and Others), and Regional Forecast, 2021-2028.” The study further mentions that the cloud storage market size was USD 49.13 billion in 2021 and is projected to reach USD 297.54 billion by 2028, exhibiting a CAGR of 25.3% during the forecast period.

Click here to get the short-term and long-term impact of COVID-19 on this Electrolyzer Market.

Please visit: https://www.fortunebusinessinsights.com/cloud-storage-market-102773#

Fortune Business Insights™ presents a list of all the companies operating in the global market. They are as follows:

  • Alibaba Cloud (China)
  • Amazon Web Services, Inc. (United States)
  • Dell Technologies Inc. (United States)
  • Dropbox (United States)
  • Fujitsu Ltd, Inc. (Japan)
  • Google, Inc. (United States)
  • Hewlett Packard Enterprise Development LP (United States)
  • IBM Corporation (United States)
  • Microsoft Corporation (United States)
  • Oracle (United States)
  • pCloud AG (Switzerland)
  • Rackspace, Inc. (United States)
  • VMware, Inc. (United States)

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the…

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