4 of 10 Singapore IT leaders not confident with cyber-security

Meanwhile, 45% of respondents said they can effectively respond to cyber-attacks.

Nearly 4 out of 10, or 43% of Singaporean IT leaders, said that they are not fully confident in their ability to deal with cyber attacks, according to a survey conducted by Rackspace.

1,420 IT professionals were included in the survey, with 120 of them being based in SIngapore.

On the other hand, 45% of local respondents believe that they can effectively deal with these incidents, whilst 42% believe they can mitigate these threats. Less than half, or 40%, say that they understand the nature of the threats they are facing.

Part of the reasons for this response lies in growth of the cloud and Internet of Things, then followed by new threats and attack methods, and growth in data volumes, digital operations and remote work. 52%, 47%, and 45% responded in the affirmative, respectively.

54% of respondents also say that their ability to deal with application security in a more complex environment is influenced by new ways of working. This includes DevOps and Agile development practices. Other factors pointed to by respondents include faster release or delivery cycles at 56%, growth in microservice application architectures at 45%, hybrid/multi-cloud environments at 57%, and container runtime environments at 47%. 

When asked about the targets of the cyberattacks, 64% point to network/platforms as the leading target, followed by web applications and network operating systems at 52% and 50%, respectively. 50% of all threats are Advanced Persistent Threats, whilst 44% include stolen credentials and 39% from unauthorized exposure to data.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Singtel had the most growth for the day.
This is despite its improved performance in two categories.
The expected increase will be driven by three factors.
The two also discussed post-pandemic recovery.
It also recorded a strong performance for H1 2021, despite a net loss of $150.6m.
Jigger & Pony found itself retaining its ninth ranking.
The moderate increase was driven by expansions in five out of six indicators.
Perpetual (Asia) Limited is on the other end of the agreement, as the purchaser.
CLSA will serve as issue manager of the proposed spin-off and listing.
Yangzijiang Shipbuilding had the most growth for the day.
The new facility is the first of its kind in Singapore.
Proceeds will be used for Olam's general corporate purposes.
The completion of divestment will take place during the first quarter of 2022.
This is to raise gross proceeds of more than $200m.