Almost half of Singapore businesses have experienced cyber incidents (46%), which is lower than the overall APAC average of 59%.
The Singapore market is most concerned about data loss (55%) and business interruption (52%), which was representative of the greatest concerns across the whole APAC region. Data loss and business interruption were also the most reported impact of cyberattacks by 43% of those surveyed.
Training (69%) and buying hardware and software security tools (68%) continue to be the top choices of the most implemented measures to address cyber security threats. Interestingly Singapore is the only market surveyed that valued the purchase of cyber insurance (66%) as one of the top three means to address cyber security threats.
The APAC State of Incident Report 2022 surveyed 700 information security executives across Australia, Japan, Philippines, Hong Kong, Singapore, Indonesia, and Malaysia. To understand more of the efforts and investment priorities to minimize the cyber security threats of the businesses, please download the full report here.
Download the Report