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Firms should watch out for Internet threats

(China Daily)

13:34, August 13, 2012

Chinese companies should be more cautious with web threats and cybercrime, as more of their data is being placed on the cloud and an increasing number of mobile devices are being used in the workplace, researchers said.

Web security problems have disrupted global business operations from time to time. On average, a new cyber threat emerges every second, and every five minutes there could be a hacking case, said Eva Chen, chief executive officer of Japan-based security company Trend Micro Inc.

"More than 90 percent of the world's companies have hidden malicious software in their computers," said Chen at a Beijing security forum in early August. The threats have already resulted in a series of information hacking cases among renowned companies, she pointed out.

In April last year, hackers attacked Sony's PlayStation Network services. The security breach may have compromised personal information, including credit card data, for its 70 million users. Sony estimated a $171 million loss from the attack.

The most recent case happened with South Korea's No 2 wireless service provider KT Corp. KT said in July that two computer programmers had hacked the personal information of about 8.7 million of its subscribers. The figure was more than half of KT's total service subscription membership of 16 million.

Though China hasn't reported such devastating hacking cases so far, it does not mean that the nation is immune to cybercrime.

Liu Zhengping, senior manager of the marketing department at Trend Micro, said Chinese companies also face severe security challenges, especially as the country catches up with global trends and introduces new technologies and devices.

China surpassed the United States last year to become the world's biggest smartphone market. More than 42 million smartphones were shipped to Chinese retailers in the second quarter, an increase of 199 percent year-on-year. The country accounted for 27 percent of the world's smartphone shipments during the period, according to a report released by research firm Canalys.

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