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This Week in AsiaEconomics

Southeast Asia faces spillover cyber risk from Iran war as ‘blast radius’ widens

Many Asean firms are tied into the global network in the Gulf, Europe and the US, facing the risk of cyberattacks linked to the war

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A building in Juffair, Manama, Bahrain damaged by an Iranian drone attack seen on March 1. Photo: Reuters
Iman Muttaqin Yusof
Southeast Asia is facing a growing cyber spillover risk from the widening US-Israel war with Iran, with security experts warning that state-linked hackers and criminal groups are seeking to exploit turmoil around energy, shipping and banking networks to hit targets far beyond the Middle East.
The assessment comes as Iran said it would target economic and banking interests linked to the United States and Israel in the region after an attack on an Iranian bank, while the United Arab Emirates said it had foiled organised cyberattacks aimed at its digital infrastructure and vital sectors.

UAE officials last month also said the country was seeing between 90,000 and 200,000 breach attempts a day, with more than 70 per cent of tracked threat groups classified as state-sponsored or advanced persistent threats.

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For Southeast Asian nations, distance no longer protects anyone, according to Krishna Rajagopal, chief executive of Malaysian cybersecurity firm AKATI Sekurity.

“You may not be the target, but you are definitely in the blast radius,” he said. “There is really no such thing as a local cyber incident any more.”

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Companies in Southeast Asia were often caught out because they still thought in geographic terms, even though their data, suppliers, payment processors and cloud systems were tied into the same global network as firms in the Gulf, Europe and the United States, Krishna said.

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