Nearly 40% of firms hit by AI cyber events, highest amongst 15 markets

Supplier-linked cyberattacks affected 42% of Singapore businesses.

Nearly four in 10, or 39% of businesses in Singapore experienced at least one artificial intelligence (AI)-related cyber event in the past year, the highest rate amongst markets covered in its latest global cyber risks and AI survey.

The survey, which gathered responses from more than 6,000 business decision-makers across 15 markets, found that 97% of Singapore businesses expect AI to have a positive impact over the next two years, above the global average of 92%.

QBE said 86% of Singapore companies are already using AI, whilst another 13% are considering adoption.

Increasing productivity was the top reason for AI adoption, cited by 54% of respondents. Businesses also identified innovation and competitive advantage as key priorities, both at 40%.

To improve AI safety, half of Singapore respondents said their organisations are focusing on staff training. Other measures included ensuring data quality and strengthening human oversight.

The survey also found that 42% of Singapore businesses experienced a cyberattack linked to a supplier, compared to the global average of 32%. Meanwhile, 78% said they were concerned about risks arising from suppliers’ use of AI.

Phishing messages were the most common attack method in Singapore, cited by 54% of respondents. Other threats included attacks targeting identity vulnerabilities or entry points at 48%, AI-generated malware at 43%, deepfakes at 38%, and voice-based phishing at 38%.

Separate cybersecurity reports have pointed to rising automated threats in Singapore, including a 116% increase in bot attacks in 2025 and large volumes of exploit and Remote Desktop Protocol (RDP) attacks targeting businesses, alongside regulatory engagement on artificial intelligence-related cyber risks..

QBE said 18% of Singapore companies surveyed do not have cyber insurance coverage, whilst 15% do not have a cyber response plan in place.

By sector, 36% of construction firms surveyed in Singapore said they do not have cyber insurance, alongside 25% of manufacturers and 37% of education firms.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia