A recent Chubb SME Cyber Preparedness Survey showed that Singapore SMEs are not prepared for cyber-attacks including most of the small and medium enterprises across Asia Pacific.
The survey conducted by Chubb of Small and Medium Enterprises (SMEs) in Singapore has revealed a significant perception gap between cyber risk and how prepared they are to deal with it.
Nearly two-thirds (63 per cent) of respondents believe they are less exposed to cyber incidents than multinationals.
56 per cent of SMEs have experienced a cyber-attack the past year.
Magda Chelly (a doctor in telecommunication engineering) WoSEC Singapore founder and serial entrepreneur believes that cyber security is also a social responsibility.
“Everyone should understand the fundamentals of cyber security. With the digitalisation, our crown-jewels – personal and professional – are on the Internet. We are changing our daily routines, and we are unable to live anymore without technology being involved in almost all our activities,” said Chelly.
She insists that the region’s cyber resilience can only be achieved when the overall ecosystem addresses cyber security and improve its maturity and readiness.
Read more on The Independent Singapore.