Asian companies are concerned about cyber attacks more than disasters and crime

According to the 2010 Symantec State of Enterprise Security Study published last week ¾ of Asia Pacific enterprises along with 2/3 of businesses in Singapore have been hit by cyber attacks within the last 12 months.

The research revealed that 38% of Asia Pacific companies and 67% of Singapore enterprises cite cyber risks as their top concern more than natural disasters, terrorism, and traditional crime combined.

IT executives cited infrastructure-as-a-service, platform-as-a service, server virtualization, endpoint virtualization, and software-as-a-service as problematic initiatives from a security point of view.

The research polled 2,100 enterprise CIOs, CISOs and IT managers from 27 countries in January this year, including 850 respondents from the Asia Pacific and 100 from Singapore.

According to the new Symantec research, every one of the enterprises surveyed experienced cyberlosses in 2009. The top three reported losses in Singapore were theft of intellectual property (100%), environment downtime (67%) and theft of other corporate data (33%).