"We expect this to take place in counties like Singapore, Taiwan, Thailand and Australia," Ng said.

Research firm IDC estimates the growth of the IAM (Identity and Access Management) Asia Pacific market, through 2012, is expected to reach 996 million, with a compound annual growth rate of 12.3 per cent.

"This is especially true as regulatory compliance demands such as SOX, PCI, HIPPA are increasing on a worldwide basis and to meet many of these criteria, companies must implement IAM architectures," Ng said. "The need for IAM protection will increase over the next several years as legislation tightens."

As companies and consumers alike become more reliant on the digital world, they will need better security education to understand the severity of cyber fraud, and therefore take necessary steps to protect their data.

More than a billion people worldwide use Gemalto' products and services for telecommunications, financial services, e-government, identity and access management, multimedia content, digital rights management, IT security, mass transit and many other applications.