Are you prepared for a cyber attack?

According to a global study out of the US, the cybercrime economy has resulted in US$1.5 trillion in illicit profits being acquired, laundered, spent and reinvested by cybercriminals A separate study by Microsoft and Frost & Sullivan predicted that Malaysia faces the possibility of incurring over US$12bil in economic losses due to cyber security incidents. (Filepic Johan Idris)

IN April this year, eyebrows were raised when Bank Negara revealed it had been a victim of a cyberattack.

The perpetrators attempted to steal money through fraudulent wire transfers over the SWIFT bank messaging network. Thankfully, this electronic heist was foiled and no funds were lost.