However, the data needs to be secured, regardless of whether it is stored on-premises or in the cloud. Threat actors are increasingly targeting cloud environments, where confusion about security responsibility and accountability between cloud service providers and the customer often leaves security gaps and data exposed.
Organisations in Singapore are increasing their reliance on the cloud. Nearly nine in ten organisations in the country are using cloud services, with about 70% taking a hybrid cloud approach.
Singaporean companies are adopting the cloud for many reasons. Computing, increased functionality, and data storage can all be achieved at a fraction of the cost on the cloud, where companies can easily scale their usage to optimise their expenditure without the need to invest in expensive hardware or hire maintenance teams to secure and run on-premises servers.
