Only 50% of global firms exude the same confidence.
According to the annual EY Global Information Security Survey, 80% of Singapore businesses are confident of their ability to detect a sophisticated cyber attack, surpassing the global average of 50%.
EY Asean cyber security leader Gerry Chng said Singapore has been driven by strong regulatory guidance in both the government and financial sectors to uplift the adoption of digital platforms as well as address the corresponding risks.
“This has resulted in a comparatively matured ecosystem of regulators, businesses, customers, and service providers,” he said.
The study garnered responses from over 1,735 organizations globally regarding some of the most compelling cybersecurity issues businesses face today.
The top security threats that the Singapore respondents mentioned are attacks that disrupt or deface the organization, spam, zero-day attacks, and phishing.
Meanwhile, the survey found out that the top cyber security priorities for Singapore respondents are data leakage and data loss prevention, security testing for attack and penetration, and identity and access management.