In the last 12 months, about 40% of SMBs in Singapore suffered a cyber incident. As a result of these incidents, 56% lost customer information to the hands of malicious actors.
Mention cyber attacks in Singapore and the IHiS, Singtel and the Ministry of Defence (MINDEF) data breach incidents will come to mind. One might think that due to the size and amount of data that they hold, these large organisations will be prime targets for attackers.
However, that does not seem to be the case. A new study by networking company Cisco, which surveyed 3,700 small and medium businesses (SMBs) across Asia Pacific, has shown that a significant percentage of small companies are facing cyber attacks as well.
