Unsecure and unmanaged devices also add complexity. The majority (85%) of companies say their employees access company platforms from unmanaged devices, with 44% spending at least one-fifth of their time logged onto company networks from unmanaged devices. Additionally, 33% report that their employees hop between at least six networks a week.
Companies in Singapore have misplaced confidence in their ability to navigate the threat landscape. Although 81% believe their current infrastructure could defend against a cyberattack, Cisco’s 2024 Cybersecurity Readiness Index reveals that only one per cent are on the “mature” level of readiness to be resilient against modern cybersecurity risks.
Nearly three-quarters (71%) of organisations in Singapore are in the "beginner" or "formative" stages of readiness. One of the reasons is the point solution overload. Respondents admitted that having multiple point solutions slowed down their team’s ability to detect, respond and recover from incidents. This raises significant concerns as 69% of organisations have deployed 10 or more point solutions in their security stacks, while 27% said they have 30 or more.
