Singapore workers say work-confidential information at risk: Survey

  • 58% say that confidential data is stolen or accessed by unauthorised people
  • However, 73% of managers indicate their company is serious about security
Singapore workers say work-confidential information at risk: Survey

SECURITY intelligence and analytics company LogRhythm said 58% of Singapore workers indicate that work-confidential information is at risk, according to a survey it conducted.
 
The permission-based online study across Singapore, Australia and Hong Kong also revealed that 52% of the respondents reported ‘security events’ in the last few years.
 
Security events could be a breach, virus attack or unauthorised access of information, LogRhythm said in a statement.
 
In the same study, 21% of Singaporean workers admitted to looking at documents they shouldn’t be while at work, and 14% admitted to having accessed or taken confidential documents without proper authority.
 
“It is worrying to see such a high percentage of workers indicating that they believe information security is at risk,” said Bill Taylor-Mountford, LogRhythm vice president for Asia Pacific and Japan.
 
“This goes to show that organisations and individuals need to take a proactive approach when it comes to addressing data security, and not take a reactive stand.
 
“We cannot underestimate the danger of cybercrimes anymore as financial loss due to cybercrime is growing and it is now estimated that it costs Singapore an estimated S$1.25 billion (US$890 million) annually,” he added.
 
While workers indicate that they are accessing documents without proper authorisation, 73% of managers in Singapore indicate that their company is serious about security of information. This is higher than Hong Kong (60%) and Australia (59%).
 
However, the study also revealed that 41% of Singapore workers are also more likely to keep their passwords in an unsecure place, thus reflecting a disparity in views between that of higher management and their workers.
 
Singapore workers say work-confidential information at risk: Survey“Information security needs to be a coordination between the organisation and its people,” said Taylor-Mountford (pic).
 
“Think of the organisation as the castle, and the information as the treasure. It is no use having the best walls and moats around the castle but your guards leave the key to the side door outside the castle.
 
“In our study, 94% believe that the greatest threats to data security are employee-related. It is not easy to detect internal threats so organisations need tools that will help them reduce the time to detect such threats and manage [them] before they can cause further damage,” he added.
 
It is important that organisations are constantly educating and reminding employees of data or information security as 44% say that they don’t even think about it.
 
In the same study, 73% of Singaporean workers also indicated that they had changed passwords within the last six months. This puts the nation ahead of Hong Kong (56%) and on par with Australia (73%).
 
Singapore workers also change their passwords more frequently, with 69% changing their passwords at least once a year. In Hong Kong and Australia, only 56% and 59% respectively do so once a year.
 
“Another interesting finding is that only 1% of passwords are automatically changed and generated by company security in Singapore,” said Taylor-Mountford.
 
“While we try to educate on the importance of password hygiene to workers, it will help if the organisations have systems in place to ‘force’ the change,” he added.
 
Related Stories:
 
No 1 security vulnerability is careless or unaware employees: EY survey
 
Cybersecurity is about people too: FortiGuard strategist
 
Privileged accounts and insider threats
 
                                                                                                                                         
For more technology news and the latest updates, follow us on TwitterLinkedIn or Like us on Facebook.

 
Keyword(s) :
 
Author Name :
 

By commenting below, you agree to abide by our ground rules.

Subscribe to SNAP
Download Digerati50 2018-2019 PDF

Digerati50 2018-2019

Get and download a digital copy of Digerati50 2018-2019