Cybersecurity Risks in Asia:

  • Hackers are 80% more likely to attack organizations in Asia
  • $81 billion in business revenues lost to cyberattacks
  • Asian organizations take 1.7 times longer than the global median to discover a breach
  • Asian firms spent 47% less on information security than North American firms
  • 78% of Internet users in Asia have not received any education on cybersecurity
  • 70% of firms do not have a strong understanding of their cyber posture
  • 74% of organizations found it “difficult or extremely difficult” to recruit cyber talent
  • Primary insurers are reluctant to provide single coverage above $100 million

Source:  Marsh & McLennan Companies, 2017

 

ABOUT THE WEBINAR

Due to high digital connectivity, low cybersecurity awareness, growing cross-border data transfers, and weak regulations, Asia is a prime target for cyber criminals. The mass migration to work from home in response to the pandemic has further intensified the threat of severe security breaches. Instinctively, boards might understand the potential damage a breach can do, but there is often a knowledge deficit that hampers boards’ capacity to stay on top of this complex and dynamic risk. Most boards simply do not pay much attention to cyber security.

Cyber risk management is a critical element for every business (regardless of its size or sector) to thrive in a digitally connected world. Boards have a key role to play in ensuring an effective strategy is in place. This webinar will help participants to:

  • Better understand the board and senior management’s roles and responsibilities related to cybersecurity for good risk management
  • Manage risks and challenges by utilizing appropriate cybersecurity strategies and crisis response practices
  • Understand the current cybersecurity landscape in Myanmar at public, private and individual levels

ABOUT THE WEBINAR

During the past two decades, policy makers, regulators and market participants around the world have increasingly come to emphasize the need to develop good corporate governance policies and practices. An increasing amount of empirical evidence shows that good corporate governance contributes to competitiveness, facilitates corporate access to capital markets, and thus helps develop financial markets and spur economic growth. Today, both domestic and foreign investors place an ever-greater emphasis on the way that companies are operated and how they respond to their needs and demands. Investors are increasingly willing to pay a premium for well-governed companies that adhere to good board practices, provide for information disclosure and financial transparency, and respect shareholder rights. Well-governed companies are also better positioned to fulfill their economic, environmental, and social responsibilities, and contribute to sustainable growth.

The Webinar on Corporate Governance from Investors’ Perspective will help the participants to:

  • Discuss the corporate governance expectations of investors and why they are important for Myanmar companies;
  • Provide guidance for directors and executives in aligning with investors’ requirements with respect to the governance of their companies;
  • Review practical examples of how corporate governance standards can be implemented.