Written by Breton Chan, Privasec’s Marketing Executive
How prepared is your business for upcoming challenges in the digital landscape?
In recent research data released by the Ponemon Institute and IBM Security, cyber crimes accounted for 18.6% of all crime in Singapore. The average cost of a data breach per organisation in the ASEAN bloc sits at about S$2.7m, with the time taken to identify and subsequently contain an attack clocking in at 287 days; this is an increase from 2019, when the average cost and response time were about S$2.6m and 259 days respectively.