Data protection in the Asia-Pacific region has just received a significant boost with the appointment of the Infocomm Media Development Authority (IMDA) by Singapore as its accountability agent. Singapore joined the APEC Cross-Border Privacy Rules (CBPR) system in March last year and has become the third economy after the United States and Japan to operationalize the system.
As more players get into the telecommunications industry, the government says it’s tightening its cybersecurity measures.
Philippine banks continue to step up their campaign against cybercrime in support of the efforts of the Bangko Sentral ng Pilipinas (BSP) to strengthen the industry’s resilience to cyberattacks.
Defined broadly as any kind of fraud committed with the help of the internet, online fraud cost retailers an estimated US$57.8 billion globally in 2017, posing a significant problem.
Online fraud is especially problematic in Southeast Asia, where there is a sharp contrast in ecommerce development between different countries in the region.
“Seamlessly connected” is how ASEAN aspires to facilitate and expand people-to-people interactions among its diverse population and build a common community with a shared sense of ownership. But in reality, not everything in the digital world is trustworthy. Fake news, spam mail and malware are some of the contaminated data that can spread easily from one corner of the world to another in just a click.
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