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Charles Lim - Analyst Profile

Senior Industry Analyst
Frost & Sullivan
Information & Communication Technologies

Summary

Charles currently works at Frost and Sullivan, a world leader in growth consulting and the integrated areas of technology research, market research, mega trends, economic research, best practices, training, customer research, competitive intelligence, and corporate strategy, focusing on networking and security research and consulting.


Areas of expertise
CORPORATE STRATEGY
CORPORATE DEVELOPMENT
MARKETING
MARKET RESEARCH
COMPETITIVE INTELLIGENCE


Recent items from Charles Lim

An Analysis of the Threat Landscape and Cyber Security Best Practices in Asia-Pacific
Ransomware is seen as one of the most successful cyber attacks in the Asia-Pacific. The following high profile incidents had a significant business and economic impact on Asia. The estimated economic impact of ransomware on the Asia-Pacific businesses and critical operations is expected to be at the range of hundreds of millions of dollars a year, in consideration of the following: 1) productivity costs due to infected computing systems 2) incident recovery costs 3) possible ransom paid to cyber attackers 4) other associated post-breach costs related to conducting investigations, paying fines, and settling lawsuits. It is recommended to set a practice of preventive, detective, and remediation controls against ransomware, across people, processes, and technology. Ransomware attacks will only increase in the near future and it is for the companies, governments, and individuals to take adequate precautions. With Ransomware as a Service (RaaS) and DIY Kits now easily available on the web, attacks due to ransomware will only increase. Companies should educate employees about the risks of ransomware and what needs to be done in case of a suspicious activity, ensure that security patches are in place, and minimize any vulnerability. They also need to and limit the access to sensitive data and have a robust backup plan. A list of the leading practices, which is researched with both the supply (security vendors, service providers) and demand (end users and regulators) of the cyber security ecosystem are mentioned in this paper. A summary preview is provided for end users’ considerations pertaining to ransomware mitigation, which is not a representation of all security solutions and associated professional services from each provider. These players can be broadly categorized into four areas - platform cyber security providers, network centric providers, endpoint centric providers, and backup and storage providers. Companies mentioned in this paper include Cisco Systems, Checkpoint, FireEye, Forcepoint, McAfee, Palo Alto Networks, Sophos, Symantec, WatchGuard, ForeScout, Illusive, Jiransoft, Juniper Network, Lastline, NPCore, Proofpoint, SonicWall, Sasa Software, TrapX, WINS, Zscaler, Carbon Black, CrowdStrike, Deep Instinct, Kaspersky Lab, MalwareBytes, Reaqta, SentinetOne, V-secure Technology, 360 ESG, Acronis, CommVault, and Veeam. The countries included in this study are Australia, New Zealand, Singapore, Malaysia, Indonesia, the Philippines, Thailand, Vietnam, China, Hong Kong, Taiwan, India, Japan, and South Korea. Key Questions This Study Will Answer • What are the success factors of ransomware? • What are the business and economic impacts of ransomware attacks to the countries in Asia Pacific? • What are the cyber security best practices against ransomware? • Who are the industry players that provide security solution pertaining to ransomware mitigation? • What are the emerging areas that are prone to higher threats in the future?
Published: Jan 30 2018 Other
Working on research reports covering the cybersecurity industry has a perk - to learn about new technologies that combat new attack vectors. With the proliferation of cybersecurity startups, my team attends to at least a new solution briefing every week, and in every session, we hear of innovative, new ways to combat cyberattacks. However, the re...
29 Sep 2017 Blog post
July 2017 Edition: India and Australia
In June 2016, the Reserve Bank of India (RBI) released an advisory for the Cyber Security Framework in Banks. The framework poses a potential challenge to Indian banks to adhere to, hence seeking professional help will be expected. As such, business opportunities arise for the cyber security industry, especially for the Professional Security Services (PSS) and consulting firms. These provide advisory services to banks so that they adhere to the key requirements set out by the RBI in this framework. In February 2017, the Privacy Amendment Act 2017 was passed by the Australian government. Under the amended Privacy Act, eligible data breaches faced by an entity should be reported to the commissioner, and affected individuals must be notified unless remedial actions are taken. Growth opportunities for the cyber security consulting, law and cyber insurance sectors will be expected before the official commencement of the amendments, expected to be 22 February 2018.
Published: Sep 14 2017 Other
Growth Opportunities to Secure the Digital Transformation Journey of Critical Infrastructures
The Industrial Control Systems (ICS) security market in Australia and New Zealand is expected to grow steadily as awareness and concerns towards cyber threats targeting industrial sectors increase. The Australia and New Zealand ICS market is estimated to grow from $52.9 million in 2015 to $280.2 million by 2020, at a compound annual growth rate of 39.6%. Key Questions This Study Will Answer • How is the existing threat landscape for Industrial Control Systems (ICS) in Australia and New Zealand? • What are the drivers and restraints towards adopting ICS security? • What are the trends in the ICS security market? • What are the value propositions of ICS security solutions? • What are the growth opportunities and calls to action in this market? • Is the ICS security solutions market growing? How long will it continue to grow, and at what rate?
Published: Mar 27 2017 Market Research
Growth Opportunities to Secure the Digital Transformation Journey of Critical Infrastructures
The Asia-Pacific Industrial Control Systems (ICS) Security market with estimated revenue of $380.4 million will reach $1.63 billion by 2020 at a cumulative annual growth rate of 47.2%. In a research service conducted to find exposed ICS devices currently connected in Asia-Pacific, there were 6,797 devices detected based on ICS networking protocols, and 83,929 devices detected based on ICS-related brands as of November 2016. ICS security solutions have made significant improvements to meet the needs of being less intrusive and easier to set up. They can be used both by IT professionals with minimum experience dealing with OT devices, as well as by feature engineers and plant managers without strong IT backgrounds. Key Questions This Study Will Answer • How is the existing threat landscape for Industrial Control Systems (ICS) in Asia-Pacific? • What are the drivers and restraints towards adopting ICS security? • What are the trends in the ICS security market? • What are the value propositions of ICS security solutions? • What are the growth opportunities and calls to action in this market? • Is the ICS security solutions market growing? How long will it continue to grow, and at what rate?
Published: Mar 27 2017 Market Research
Growth Opportunities to Secure the Digital Transformation Journey of Critical Infrastructures
The ASEAN Industrial Control System (ICS) security market is expected to be the fastest growing region in Asia-Pacific with its increasing awareness towards ICS security.The ICS security market is estimated to grow from $33.7 million in 2015 to $196.0 million by 2020, at a compound annual growth rate of 42.2%. • How is the existing threat landscape for Industrial Control Systems (ICS) in ASEAN? • What are the drivers and restraints towards adopting ICS security? • What are the trends in the ICS security market? • What are the value propositions of ICS security solutions? • What are the growth opportunities and calls to action in this market? • Is the ICS security solutions market growing? How long will it continue to grow, and at what rate?
Published: Mar 27 2017 Market Research
Growth Opportunities to Secure the Digital Transformation Journey of Critical Infrastructures
The Industrial Control Systems (ICS) security market is expected to experience a high compound annual growth rate of 52.5% for the next 5 years. The Greater China ICS security market is estimated to grow from $50.1 million in 2015 to $412.3 million by 2020. Key Questions This Study Will Answer • How is the existing threat landscape for Industrial Control Systems (ICS) in the Greater China region? • What are the drivers and restraints towards adopting ICS security? • What are the trends in the ICS security market? • What are the value propositions of ICS security solutions? • What are the growth opportunities and calls to action in this market? • Is the ICS security solutions market growing? How long will it continue to grow, and at what rate?
Published: Mar 27 2017 Market Research
Growth Opportunities to Secure the Digital Transformation Journey of Critical Infrastructures
The Japanese Industrial Control Systems (ICS) Security market is expected to witness a phenomenal compound annual growth rate of 55.9% during 2015 to 2020. This is one of the largest growth rates among the Asia-Pacific regions. The ICS security market is estimated to grow from $46.5 million in 2015 to $428.1 million by 2020. Key Questions This Study Will Answer • How is the existing threat landscape for Industrial Control Systems (ICS) in Japan? • What are the drivers and restraints towards adopting ICS security? • What are the trends in the ICS security market? • What are the value propositions of ICS security solutions? • What are the growth opportunities and calls to action in this market? • Is the ICS security solutions market growing? How long will it continue to grow, and at what rate?
Published: Mar 27 2017 Market Research
Growth Opportunities to Secure the Digital Transformation Journey of Critical Infrastructures
The Indian Industrial Control Systems (ICS) security market is expected to grow at a compound annual growth rate of 41.2% due to the rising awareness towards ICS security. The ICS security market is estimated to grow from $41.0 million in 2015 to $230.6 million by 2020. Key Questions This Study Will Answer • How is the existing threat landscape for Industrial Control Systems (ICS) in India? • What are the drivers and restraints towards adopting ICS security? • What are the trends in the ICS security market? • What are the value propositions of ICS security solutions? • What are the growth opportunities and calls to action in this market? • Is the ICS security solutions market growing? How long will it continue to grow, and at what rate?
Published: Mar 27 2017 Market Research
Growth Opportunities to Secure the Digital Transformation Journey of Critical Infrastructures
The South Korean Industrial Control Systems (ICS) security market is expected to accelerate with increased hacking incidents towards ICS devices. The ICS security market is expected to grow from $11.0 million in 2015 to $80.5 million by 2020 at a compound annual growth rate of 48.8%. Key Questions This Study Will Answer • How is the existing threat landscape for Industrial Control Systems (ICS) in South Korea? • What are the drivers and restraints towards adopting ICS security? • What are the trends in the ICS security market? • What are the value propositions of ICS security solutions? • What are the growth opportunities and calls to action in this market? • Is the ICS security solutions market growing? How long will it continue to grow, and at what rate?
Published: Mar 27 2017 Market Research
Cyber Security Practice, Asia Pacific
BEC generally happens when email accounts of key executives are compromised and involves payments made to fraudulent bank accounts.
Published: Mar 07 2017 Market Insights

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