Cybersecurity News from APAC

Cambodian Scam Compounds Emerging as Growing Cybercrime Hubs

Casinos and special economic zones in Cambodia and neighboring countries have emerged as safe harbors for the global scam industry, enabling criminals to use an army of hundreds of thousands of trafficked victims to reap billions in profits. A lack of government response has worsened the crisis. The Indian government recently announced the repatriation of 250 citizens who were lured to Cambodia by cybercrime rings, but the figure pales in comparison to the hundreds of thousands of people across Asia who are languishing in Cambodian scam compounds and forced to participate in cybercrime to earn food and shelter.

Interview: Navigating Cloud Security Challenges in the Financial Sector

The evolution of cloud computing in the financial sector has introduced complex security challenges that require innovative solutions. samrat bhatt of @MatchMove Pay, who recently won Information Security Media Group's #DCISO Award for technology innovation, shared his organization's journey to better cloud security.

Interview: Looking Into the Human Factors in Risk Assessment Framework

Financial institutions have many risk management frameworks at their disposal but few of them address human behavior risks, which may stem from an employee's information processing or the tools used. Assessments of these risks often lack depth, said Rei Nikolai Magnaye, CISO at Equicom Savings Bank in the Philippines.

U.S., Japan and the Philippines to Form a Cyber Defense Partnership

The United States, Japan and the Philippines are set to announce a new cybersecurity defense partnership to combat shared threats amid a growing geopolitical divide in the East Asian region. The new partnership is slated to be announced at the first-ever trilateral summit between U.S. President Joe Biden, Japanese Prime Minister Fumio Kishida and President of the Philippines Ferdinand Marcos Jr. at the White House on April 11.

Kaspersky Warns of Growing Ransomware Threat to Indian IT & OT Systems in 2024

Cybersecurity company Kaspersky says ransomware attacks targeting both IT and OT systems of Indian organizations are set to rise, with organizations across manufacturing, retail, agriculture, media and healthcare sectors facing the prospect of triple extortion in the form of distributed denial-of-service (DDoS), reselling of data, and public blackmailing.