Cybercrime is globally disruptive and economically damaging, causing trillions of dollars in financial losses and operational impacts to individual and business victims. It threatens national security and diminishes trust in the digital economy and the Internet. Additionally, APAC continues to experience a higher-than-average encounter rate for malware and ransomware attacks – 1.6 and 1.7 times higher respectively than the rest of the world.
No single entity can fight cybercrime effectively. Which is why Microsoft has launched the first Asia Pacific Public Sector Cyber Security Executive Council. It brings together a coalition of policy makers from government and state agencies, as well as technology and industry leaders, with the aim of building a strong communications channel for addressing cyber threats and sharing best practices across the participating countries.
Consisting of policy makers and influencers from Brunei, Indonesia, Korea, Malaysia, Philippines, Singapore, and Thailand, supported by cybersecurity professionals, the council aims to accelerate public-private partnerships in cybersecurity, share threat intelligence and build a strong and coordinated response against cyberattacks in the region.