Critical Infrastructure Security , Governance & Risk Management , IT Risk Management

Multifaceted Extortion Rising in Southeast Asia in 2022

Mandiant Threat Intelligence Adviser Yihao Lim on the Need to Identify the Gaps
Yihao Lim, principal intelligence adviser at threat intelligence firm Mandiant

The Southeast Asian region will see a spike in multifaceted extortion with more public breaches, along with an increase in ransomware-as-a-service operations in 2022, says Singapore-based Yihao Lim, principal intelligence adviser at threat intelligence firm Mandiant.

See Also: 5 Cybersecurity Essentials for Banks in Uncertain Times

Lim says the increase will be driven by "the incredible increase in cryptocurrency value and the difficulty in attributing the arrest of people associated with a specific cyber campaign.”

In an interview with Information Security Media Group, he discusses:

  • The impact of ransomware-as-a-service operations on enterprises;
  • Why the OT space could be vulnerable to attacks;
  • The commodification of cyberthreat skills and effective threat intel processes.

As a principal intelligence adviser at Mandiant Threat Intelligence, Lim identifies and proactively deals with cybersecurity threats for his clients in the Asia-Pacific region. He is well versed in monitoring intelligence sources for actionable indicators/information, including open and internal sources to assess and catalog threat indicators to convey urgency and severity. Lim served as an infantry officer with the Singapore Armed Forces and participated in bilateral military exercises with Thailand, Brunei, Taiwan and Australia.

About the Author

Geetha Nandikotkur

Geetha Nandikotkur

Vice President - Conferences, Asia, Middle East and Africa, ISMG

Nandikotkur is an award-winning journalist with over 20 years of experience in newspapers, audiovisual media, magazines and research. She has an understanding of technology and business journalism and has moderated several roundtables and conferences, in addition to leading mentoring programs for the IT community. Prior to joining ISMG, Nandikotkur worked for 9.9 Media as a group editor for CIO & Leader, IT Next and CSO Forum.

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