Regulators boosting efforts to face cyber attacks: Deloitte

Singapore

AS worries grow over a financial cyber crisis, Asia's regulators are stepping up their efforts to tackle the risks while facing a number of challenges, said a Deloitte report released on Wednesday.

Some of the challenges include the outsourcing of IT services and lack of IT security specialists and cyber professionals, it said.

And the most advanced countries, adopting the digital economy, are also the most vulnerable to cyber attacks.

Generally, businesses operating in countries that have more advanced ICT (information and communication technology) infrastructure and a bigger digital economy face greater cyber risks, it said citing 2016 research.

For example, Korea, Australia, Japan and Singapore have been found to be nine times more vulnerable to cy…