Singapore slow to response to security breaches: Infoblox
By Digital News Asia May 24, 2022
- Less than half of organisations respond to a threat within 24 hours
- Six in 10 S’pore respondents experience six or more security incidents
Infoblox, a DNS management and security services company, has unveiled a report that suggest that Singapore companies reported amongst the lowest response rate among respondents from other countries.
In a statement, the company said less than half of Singapore organisations (49%) said they were generally able to respond to a threat within 24 hours, and that this presents an opportunity for cybersecurity professionals to improve their threat intelligence capabilities.
According to the company, organisations are accelerating digital transformation projects to support remote work as the pandemic and uneven shutdowns stretch into a third year.
As such, attackers have seized on vulnerabilities in these environments, creating more work and larger budgets for security teams, it said.
The report highlighted that Singapore organisations saw higher rates of security incidents and breaches compared to other countries.
Sixty five per cent of Singapore respondents experienced six or more IT security incidents, compared to 21% of global respondents, the survey showed.
It added that a large majority (73%) reported their organisations’ IT security incidents resulted in a breach and among those that suffered a breach, respondents reported that the most likely culprits were a cloud infrastructure or application (45%), an Internet of Things (IoT) device or network (42%), or remote, employee-owned endpoint (32%).
It also said challenges include poor network visibility (32%), shortage of IT security skills (32%), and funding (28%) are most likely to hamper Singapore organisations’ threat detection efforts going forward.
According to Alvin Rodrigues, field chief security officer, Asia Pacific, Infoblox, the pandemic shutdowns over the past two years have reshaped how organisations in Singapore operate.
"With Singapore’s high rate of security breaches and slow response rates, cloud-first networks and corresponding security controls have gone from nice-to-have features to business mainstays.
“To address the spike in cyberattacks, security teams are turning to DNS security and zero trust models like SASE for a more proactive approach to protecting corporate data and remote devices,” said Rodrigues.
Other findings about Singapore include:
- Workers continued to fall for phishing scams: Though ransomware often grab headlines, phishing is the most common conduit for illegal entry, the report highlighted. It added that phishing attacks accounted for 68% of breaches reported in the past 12 months in Singapore, followed by ransomware (59%) and advanced persistent threats (APTs) at 57%;
- Singapore organisations are most concerned about their vulnerabilities in defending against data leakage, ransomware, and remote-worker compromises: The loss of direct security controls and network visibility has 51% of Singapore organisations most concerned about data leakage;
- Singapore organisations are putting more resources toward cloud, data, and network protections: A large majority of respondents (73%) in Singapore reported an increase in IT security budgets in 2021, and 69% expect their budgets to increase in 2022, the survey highlighted; and
Interest in Secure Access Service Edge (SASE) frameworks in Singapore is accelerating: As assets, access, and security move out of the network core to the edge with the push for virtualisation, 61% of Singapore organisations have already partially or fully implemented SASE, the survey showed.
The full report is available for download here.
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