Razer, a well-known gaming firm, has reportedly encountered a possible data breach, with an unidentified individual on a hacker’s forum allegedly seeking to sell the stolen data for a sum of US$100,000 in cryptocurrency.
According to reports, the hacker has purportedly accessed sensitive data, including source codes, encryption keys and back-end access logins.
In a parallel development, it was recently reported that HCA Healthcare, among the largest companies in the United States, has also fallen prey to a data breach where the affected data is currently up for sale. The extensive dataset, comprising around 27 million entries, encompasses highly sensitive information, including personal details of patients and records of their visits. This occurrence has been touted as one of the most significant breaches within the healthcare domain.
Data breach is becoming a growing concern even among companies in the ASEAN markets. According to International Business Machines Corporation, (IBM), in 2022, the ASEAN region recorded an all-time high of US$2.87 million in the average cost of data breaches per company, which was up 8% from 2021.
The report conducted interviews companies impacted by data breaches to determine the cost to companies that were affected directly to both, the immediate and prolonged response, to the data breaches. This shows that the businesses in the ASEAN region continue to suffer huge financial losses due to data breaches and highlights the need to prioritise security measures to reduce the likelihood of such an attack.
Data centers are no exception to the threat. The importance of robust data center infrastructure and stringent security protocols is crucial in safeguarding sensitive information. Ensuring the implementation of comprehensive cybersecurity measures is vital to protect businesses and their customers from the increasingly pervasive threat of data breaches. Governments in ASEAN have been taking steps to enhance their cybersecurity posture.
In March, the National Grid Corporation of the Philippines (NGCP) and the National Intelligence Coordinating Agency (NICA) signed a memorandum of understanding as the Philippine government ramps up its cybersecurity surveillance of the country’s power distribution system.
In January, Singapore and Malaysia inked a memorandum of understanding (MOU) that will enable them to cooperate on issues such as personal data protection and cybersecurity.
