Traditional methods, such as penetration testing and security audits, while effective to a point, are proving increasingly limited.
Cybersecurity investments in Singapore and Southeast Asia are surging as organisations recognise the need to protect their digital infrastructure. Cybersecurity Ventures projects the regional cybersecurity market to grow from US$3.5 billion in 2020 to US$10.5 billion by 2025, with a 24.4% CAGR. This growth reflects the region’s heightened focus on strengthening defences against rising cyber threats.
Despite increasing investments, many organisations remain vulnerable to sophisticated cyberattacks. According to a report by Kaspersky, over 13 million web threats targeting businesses in Southeast Asia (SEA) were detected and blocked in 2023.
