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Singapore firms are still struggling with cybersecurity

The Edge Singapore
The Edge Singapore • 2 min read
Singapore firms are still struggling with cybersecurity
Those without the right cyber defence capabilities stand to lose US$619,231 per ransomware attack, says CrowdStrike.
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Organisations in Singapore continue to face massive challenges in detecting and remediating cybersecurity incidents.

On average, they take around 119 hours to detect a cybersecurity incident. Thereafter, they will spend 15 hours to triage, investigate and understand the incident before taking another 30 hours to contain and remediate it.

Top reasons for struggling to manage cybersecurity incidents in a timely manner include lack of resources (51%), disparate solutions (49%), and legacy infrastructure (46%).

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