E-security complacency hounds Asian firms

Tuesday, 28 May 2002, 6:32 AM EST

Most companies in Asia still lack expertise in network security despite spending billions of dollars upgrading and maintaining network systems, according to a speaker at the 2002 Conference on Security which was held in Makati City, the Philippines.

An example is the common assumption among companies that computer security is limited to minor infections of computer systems which can be immediately fixed. The facts, however, show that security deficiencies have already caused major trouble in corporate computer systems, although no official figures could quantify how much has been lost in terms of revenues and data.

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