CLOUDSEC 2016 Empowers Organizations to Takes Control In The Battle against Cybercrime

HONG KONG, CHINA - Media OutReach - Aug 26, 2016 - CLOUDSEC, the leading internet security conference in Asia Pacific and Europe, kicks off its sixth annual edition in Hong Kong today. Hosted by Trend Micro Incorporated (TYO: 4704; TSE:4704), CLOUDSEC 2016 gathers renowned experts and industry thought leaders from across the globe to empower organizations to "Take Control" in the battle against cybercrime, addressing prevailing trends in the cyber threat landscape and equipping organizations with actionable insights and technical know-how to improve information security and risk management.

When speaking at CLOUDSEC Hong Kong 2016, Timothy Wallach, supervisory special agent, Cyber Taskforce of FBI, discussed about the importance of global collaboration in fighting against cyber crime.

Big data, cloud computing, mobility and Internet of Things have met with unprecedented level of sophistication in cyber threats. Data breaches, ransomware and online extortion have emerged as the new risk factors threatening the well-being of enterprises today. Gartner has predicted that by 2020, 60 percent of digital businesses will suffer major service failures due to the inability of IT security teams to manage digital risk.

Nonetheless, despite the continuing rise in cyber threats, organizations are not taking actions fast enough. Trend Micro's recent cybersecurity benchmarking survey revealed that less than one in ten companies in APAC fully understand how cyber attacks are performed and close to 50 percent of companies do not have security awareness program, as a result, 59 percent attribute "employees' lack of knowledge" as the biggest insider threat to cyber security.

"Managing and empowering employees with a security-savvy mindset has to be urgently brought to the top of corporate agenda," said Bob Hung, General Manager of Hong Kong and Taiwan, Trend Micro. "People, technology and processes play equally important role in ensuring the comprehensive security of enterprise networks. Through a platform like CLOUDSEC, corporate participants and subject matter experts can look forward to a valuable experience crowd-sourcing and shaping the most efficient defense strategy."

The view was shared by other keynote speakers presenting at the event.

"A cyber crime can victimize millions of users and originate anywhere in the world, so international cooperation is crucial," said Timothy Wallach, supervisory special agent, Cyber Taskforce of FBI. "It is an understatement to say that maintaining order in a borderless, virtual world poses substantial challenges for law enforcement organizations limited by national, political and legal boundaries. It demands a collective, global approach. We are sharing information and coordinating investigations with our international counterparts. Our special agents around the world partner with their host countries to identify emerging trends and key players."

At the CLOUDSEC Hong Kong 2016 hosted today, keynote speakers featured are: 

Ms Myla Pilao, Director, TrendLabs, Trend Micro

Mr Timothy Wallach, Supervisory Special Agent of FBI

Mr Charles Mok, Legislative Councillor (IT), HKSAR

Mr Dicky Wong, Detective Inspector, Cyber Security and Technology Crime Bureau, Hong Kong Police Force

Mr Frankie Leung, Program Director, Professional Information Security Association

For more information, please visit www.cloudsec.com and follow the discussions online via Twitter with the hashtag #CLOUDSEC2016.

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When speaking at CLOUDSEC Hong Kong 2016, Timothy Wallach, supervisory special agent, Cyber Taskforce of FBI, discussed about the importance of global collaboration in fighting against cyber crime.

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About CLOUDSEC Summit

Founded in 2011, CLOUDSEC has established itself as one of the leading internet security conferences in Asia Pacific and Europe. These events are vendor-neutral and feature presentations by global and regional industry experts. The summit tagline "Have A Safe Journey" aims to inspire technology professionals and users to embark on a continuous learning journey to manage the information technology and computer systems that support their corporate goals safely. These industry events are held in major Asia Pacific cities. They are hosted by Trend Micro and supported by industry leaders, government agencies, non-government organizations, professional associations, technology vendors, and internet security professionals from around the world. For more information, please visitwww.cloudsec.com and follow the Twitter conversations at #CLOUDSEC.

About Trend Micro

Trend Micro Incorporated, a global leader in cyber security solutions, helps to make the world safe for exchanging digital information. Our innovative solutions for consumers, businesses, and governments provide layered security for data centers, cloud environments, networks, and endpoints. All our products work together to seamlessly share threat intelligence and provide a connected threat defense with centralized visibility and control, enabling better, faster protection. With more than 5,000 employees in over 50 countries and the world's most advanced global threat intelligence, Trend Micro enables users to enjoy their digital lives safely. For more information, visit www.trendmicro.com.hk.