SOUTHEAST ASIA AND GROWING CHALLENGE OF CYBER-ATTACKS
A REGIONAL SECURITY INSIGHT
DOI:
https://doi.org/10.47781/asia-pacific.vol42.Iss42.7385Keywords:
Cyber-crime, internet, digital economy and Southeast AsiaAbstract
Southeast Asia is the one of fastest-rising internet marketplace internationally, with its digital economy predictable to extent a gross merchandise worth of more than $500 billion by 2030. However, this fast digital growth has also activated an important growth in cybercrime, which augmented by 85 per cent from 2020 to 2024. This upwelling emphasizes the serious necessity to identify cyber-attacks, mainly directing the under banked population, who are particularly at threat due to least digital knowledge and their dependence on familiar business services. In user surveys, most of the respondents reported cyber-targets weekly across Southeast Asian countries (i.e. Indonesia Taiwan, Malaysia, Korea, the Philippines, Singapore, Hong Kong, and Thailand). The amount totalling of 225 million in 2023, are mainly unprotected to cyber risks due to partial digital knowledge and reliance on uncertain monetary services with lowest entry hurdles. This paper finds that establishing cyber security, improving monetary knowledge, and nurturing regional partnership are important stages to safeguard these susceptible groups from the rising cyber threat to the nations of the region.
References
ASEAN Cyber Security Cooperation. (2023). Cyber security frameworks and regional responses. https://www.asean-cybersecurity.org
ASEAN Cybersecurity Cooperation. (2023). Cybersecurity frameworks and regional collaboration in Southeast Asia.
ASEAN Digital Market Report. (2023). Southeast Asia's digital economy: The growth and future prospects. ASEAN Economic Cooperation.
ASEAN ICT Strategy. (2022). ICT sector development and cybersecurity progress in ASEAN.
Asia-Pacific Cybersecurity Association. (2023). Cyber-crime trends in Southeast Asia and their geopolitical implications.
BSSN (National Cyber and Crypto Agency). (2022). Annual cyberattack report: Trends and statistics.
Commission on Elections (COMELEC) Philippines. (2022). International election security: Cyber threats on election infrastructure.
Cybersecurity Agency. (2023). Cyber-attack statistics and threats in Southeast Asia.
Cyber Resilience Coalition. (2023). Strengthening regional cyber resilience: ASEAN's role in a connected world.
Cyber Resilience Coalition. (2023). Building resilience in Southeast Asia's digital economy. https://www.cyberresiliencecoalition.org
Cyber security Development Group. (2023). Cyber security in ASEAN: Building trust through international partnerships.
Cybersecurity Malaysia. (2023). Ransomware threat reports: Attacks on government corporations. Cybersecurity Malaysia.
Cybersecurity Research Institute. (2023). Global distribution of cyberattacks: Trends and analysis. Cybersecurity Research Institute.
CYFIRMA. (2024). Cyber-threat landscape: Global industries and phishing attacks. Cyber-threat Landscape Corporation.
EU Cyber security Agency. (2023). Cyber-emergency response models: Lessons from the EU and the US.
Europol. (2023). Ransomware in Southeast Asia: A threat analysis. Europol.
Global Anti-Scam Alliance & Gogolook. (2023). Anti-Scam Report 2023: The rise of online frauds and virtual scams.
Global Cybersecurity Council. (2023). Cyber-attacks in Southeast Asia: Trends and national security risks. Global Cybersecurity Council.
Indonesia Digital Economic Outlook. (2023). Indonesia’s growing role in the digital economy. Indonesia Ministry of Digital Economy.
Kaspersky Labs. (2023). The rise of ransomware: Insights into cybercriminal groups and their operations. Kaspersky.
Kominfo Indonesia. (2022). Cybersecurity audits and mobile application vulnerabilities. Ministry of Communications and Information Technology, Indonesia.
Ministry of Health Singapore. (2018). SingHealth cyber-attack report: Breach of medical records. Ministry of Health Singapore.
Ministry of Information and Communications Vietnam. (2020). Cybersecurity threat reports: Targeting South China Sea-related information. Ministry of information and Communications Vietnam.
Ministry of Communications and Informatics [MoCI]. (2021). Annual report on cybersecurity and data breaches in Indonesia. https://www.moci.go.idNational Cyber Security Centre.
(2023). Building ASEAN’s capacity for critical infrastructure protection.
Monetary Authority of Singapore (MAS). (2021). Cybersecurity reports on banking sector vulnerabilities and financial espionage.
National Cyber Security Agency Thailand. (2023). Cybersecurity reports on targeted government websites and data theft. National Cyber Security Agency Thailand.
Smith, J., & Adams, R. (2023). Ransomware: A growing threat to global cybersecurity. Journal of Cybersecurity Research, 15(3),142-157. https://doi.org/10.1016/j.jcsr.2023.01.003
Southeast Asia Cyber Defense Cooperation. (2023). Data-sharing approaches in defense and cybersecurity.
Southeast Asia Cyber Defense Report. (2023). The evolving cyberthreat landscape and national responses in Southeast Asia.
Southeast Asia Innovation Report. (2023). Startups and innovation in Southeast Asia: A report on the growth of tech industries. Southeast Asia Development Group.
Symantec Corporation. (2023). The role of ransomware gangs in cybersecurity incidents. Symantec Threat Intelligence Report.
Trend Micro. (2023). Ransomware in Southeast Asia: An analysis of the growing threat. Trend Micro. Retrieved from https://www.trendmicro.com/southeast-asia-ransomwarereport (accessed: Oct. 25, 2024)
United Nations Cybersecurity Task Force. (2023). Global standards for cybersecurity and shared support frameworks.
Downloads
Published
Issue
Section
License
