Despite their investment of time and resources, board members in Singapore feel the least prepared to cope with targeted attacks than in other countries: 81% view their organisation as unprepared vs. 53% globally. Furthermore, this year’s report also found a significant increase in the number of directors in Singapore who believe their organisation is at risk of a material cyberattack (89% vs. 66% last year).
This past year’s high-profile cyber attacks grabbed the attention of boardrooms in Singapore, putting cyber risk at the top of board directors’ agenda. But new research shows a paradox. Although a much higher percentage of Singaporean board members believe they are investing adequately in cybersecurity compared to their peers worldwide, they rank last in terms of their preparedness to handle attacks.
Findings from Proofpoint’s Cybersecurity: The 2023 Board Perspective report found that 79% of directors in Singapore believe that their board views cybersecurity as a priority, compared to 73% globally. Additionally, 86% feel they have made adequate cybersecurity investments, significantly higher than the 70% global average.
