A Frost & Sullivan Executive MindXchange on Building Cyber ResilientEnterprises

SINGAPORE - Media OutReach - 10 December2018 - Cyber threatshugely affect the operation of a business; its costs and impact are substantial.The convergence and interdependency of technology make guaranteed protectionimpossible. Most frequently, cyber risks are caused by human behavior ratherthan system flaws or technological weaknesses. Organizations need to work withtheir internal stakeholders to promote awareness and understanding to minimizecyber risks by building cyber resilience.

L-R: Kenny Yeo, Dr Leong Chou Ching, Steven Sim Kok Leong, K. K. Lim, Raymond Teo

Recently, Frost & Sullivanheld an Executive MindXchange briefing titled Cyber Wars -- The Enterprise Strikes Back at the Westin Singapore.Together with technology partners NTT Communications and NTT Security, thebriefing presented the latest trends and updates on why and how organizationsshould and can make their workplaces cyber resilient.

According to Kenny Yeo, IndustryPrincipal, Frost & Sullivan, "Humans remain the weakest security link. 91%of cyberattacks still start with a phishing mail and a lack of training in bothpeople and process among enterprises can result in loss of brand trust, puttingorganizations and consumers at risk."

"It is critical to embrace aholistic 'people, process and technology' approach to cyber security. Traditionally,many organizations establish a 'Prevent', 'Detect' and 'Remediate' approach.Organizations need to use data and extend this paradigm further to gain'Predict' and 'Measure' outcomes as well," Kenny added.

This was followed by a presentation by Raymond Teo, Senior VicePresident, Business Development, APAC, NTT Security on Managing Cyber Risk in the Boardroom.

"Cyber breaches impact trust in organizations and this is a Boardissue. Organizations need to equip their Board with the requisite knowledge sothe Board can competently exercise its oversight function and appraise theadequacy and eff­ectiveness of their overall cyber resilience program and makeinformed decisions," said Raymond. "Deploying good risk management processescan mitigate threats against the digital assets of a company."

This was followed by a panel discussion on Cyber Ready Business - Lessons Learnt & Case Studies. Panelistsfor this session included Dr Leong Chou Ching, General Manager, IT of MindChamps,Steven Sim Kok Leong, Vice President of ISACA Singapore Chapter, K. K. Lim, Advocate& Solicitor for Lex Advocatus and Raymond Teo, Senior Vice President,Business Development, APAC for NTT Security.

To learn more, download thecomplimentary executive summary report here: https://goo.gl/U3YBuh. 

About Frost & Sullivan

Frost & Sullivan, the GrowthPartnership Company, works in collaboration with clients to leverage visionaryinnovation that addresses the global challenges and related growthopportunities that will make or break today's market participants. For morethan 50 years, we have been developing growth strategies for the global 1000,emerging businesses, the public sector and the investment community. Is yourorganization prepared for the next profound wave of industry convergence,disruptive technologies, increasing competitive intensity, Mega Trends,breakthrough best practices, changing customer dynamics and emerging economies?ContactUs:     Start the discussion

About NTT Communications

NTT Communications solves theworld's technology challenges by helping enterprises overcome complexity andrisk in their ICT environments with managed IT infrastructure solutions. These solutionsare backed by our worldwide infrastructure, including industry leading, globaltier-1 public and private networks reaching over 190 countries/regions, andmore than 400,000m² of the world's most advanced data centerfacilities. Our global professional services teams provide consultation andarchitecture for the resiliency and security required for your businesssuccess, and our scale and global capabilities are unsurpassed. Combined withNTT Data, NTT Security, NTT DOCOMO and Dimension Data, we are NTT Group.

For more information, pleasevisit www.sg.ntt.com

About NTT Security

NTT Security is the specialized security company and thecenter of excellence in security for NTT Group. With embedded security we enableNTT Group companies to deliver resilient business solutions for clients'digital transformation needs. NTT Security has 10 SOCs, seven R&D centers,over 1,500 security experts and handles hundreds of thousands of securityincidents annually across six continents.

NTT Security ensures that resources are used e­ffectively bydelivering the right mix of Managed Security Services, Security ConsultingServices and Security Technology for NTT Group companies -- making best use oflocal resources and leveraging our global capabilities. NTT Security is part ofthe NTT Group (Nippon Telegraph and Telephone Corporation), one of the largestICT companies in the world. Visit www.nttsecurity.com to learn moreabout NTT Security or visit www.ntt.co.jp/index_e.html tolearn more about NTT Group.