Singapore SMEs hit by cyber breaches, but fare better than regional counterparts

Half have suffered losses of $500,000, while the most common methods that attackers used to infiltrate their systems include malware and phishing.

cyber attack, risk management, security


Over the past year, two in five SMEs in Singapore have been victims of cyber attacks, and more than half (56%) have reported a loss in customer information to cyber attackers as a result.

Even so, Singapore is reported to be managing these cybersecurity risks better than the rest of the region as the regional average shows that one in two across Asia Pacific have suffered from a cyber attack – with 75% of them reporting a loss in customer information due to the incident.

According to a Cisco study, Cyber security for SMBs: Asia Pacific Businesses Prepare for Digital Defense, the methods that attackers commonly used to infiltrate their systems include malware attacks and phishing – with malware being the most common for SMEs in Singapore at 79%, followed by phishing attacks at 71%.

Apart from the loss of customer data, SMEs have also suffered from loss of employee data (51%), financial information (51%), internal emails (49%), sensitive business information (49%), and money through financial fraud (49%). Additionally, 52% admitted to the attacks having a negative impact on their reputation.

Furthermore, disruptions cause by cyber incidents have serious implications on SMEs. More than nine in 10 (93%) SMEs in Singapore shared that downtime of more than an hour results in severe operational disruptions and even loss in revenue (90%), while one third of SMEs (36%) revealed that downtime of more than a day would results in permanent closure of their organisation.

The tangible effects of these disruptions can also be seen in the form of financial losses, with more than half of SMEs sharing that the cyber attacks over the past 12 months cost them $500,000 or more with – with 11% saying that the impact was $1 million or more.

“Cyber security is evolving rapidly. This is being driven by trends like the expanding attack surface, move to multi-cloud, rise of hybrid work, as well as new security requirements and regulations,” said Kerry Singleton, Managing Director, Cybersecurity, Asia Pacific, Japan, China, Cisco.

The study is based on an independent, double-blinded survey of over 3,700 business and IT leaders with cybersecurity responsibilities across 14 markets in Asia Pacific, including 153 respondents in Singapore.

Internet Explorer Channel Network
News Related


Mum wins praise for hiding an incredible birthday surprise in her six-year-old's school lunchbox

A mother has hidden an incredible birthday surprise in her son's lunchboxShe filled it with tiny balloons and turned his sandwich into a makeshift cakeShe stuck gift bows on containers and a birthday napkin to the lid of the boxParents praised her efforts, saying they could 'feel' the kid's excitement Read more »

Facebook executives were accused of being 'drunk on power' for censoring comments that supported Kenosha gunman Kyle Rittenhouse

Kyle Rittenhouse was 17 when he shot and killed two people in Kenosha, Wisconsin, in August 2020, amid unrest following the police shooting of Jacob BlakeRittenhouse quickly became something of a folk hero among the right, with his supporters depicting him as a law and order crusader stopping riotingFacebook took down posts commending Rittenhouse, as the company has a rule against content which praises or supports a mass shooter, or a mass shooting itselfOne data scientist within the company accused Facebook executives of being 'drunk on power', in an internal discussion in which he said the company's rules were too vague to be enforced The memo is just one of a whole swathe of documents leaked to the media, and coming from whistleblower Frances Haugen  Read more »

Will 'runaway drug kingpin' be brought undone by his Range Rover? Cops seize $225k 'escape car' in the hopes GPS data will lead them to the fugitive

Police seized black Range Rover owned by alleged drug kingpin Mostafa BaluchThe 33-year-old and two associates were seen driving towards Sydney's CBDPolice allege Baluch cut off ankle bracelet three days after he was granted bailHe faces life in jail after he was accused of being linked to a major drug sting Read more »

Amused Aussie lists the normal things she does that make her seem 'weird' to foreigners - from saying 'I reckon' all the time to eating fairy bread and chicken salt

A young Australian has gone through a list of the things foreigners don't 'get'Australians' refusal to use an electronic dryer regularly 'confuses' many visitors Some eating habits - like fairy bread and chicken salt are also labelled 'strange' Read more »

Wanted 'drug kingpin' bragged about having links to the Taliban and claimed he had $30 million to spend on importing drugs - as it's revealed the fugitive saw himself as the gatekeeper to cocaine in Australia

Mostafa Baluch bragged about having links to the Taliban when he was a teenHis family is at risk of losing their home and business because he breached bail Relatives remained inside the Bayview family home he fled from on WednesdayThey held crisis talks as cleaners arrived to tidy the interior of the home  Baluch faces life in jail after he was accused of being linked to major drug sting Do you know more? Email  Read more »

Australian of the Year Grace Tame's 'brilliant' drawing for actor John Cleese shocks fans who never knew about her artistic talent

Tame's comic version of The Last Supper was gifted to Cleese for Father's DayShe shared a picture of the drawing to her Twitter page in honour of his birthdayTame became friends with Cleese's daughter Camilla during her time in the USShe won Australian of the Year for advocating for sexual assault survivors   Read more »

Heartwarming moment boaties save a sea turtle stuck upside down above the high tide

Australian YouTuber Brodie Moss shared footage of the rescue on WednesdayMr Moss was travelling Western Australian coast when he spotted helpless turtleHe and his friends rushed to shore to shovel sand away from fins to free animal Mr Moss noted many turtles become dislodged onshore during mating seasonTurtles that get stuck above tideline are most at risk due to warm sun on them Read more »

NYC luxury condo featured in HBO's Succession hits the market for $23.3million: Apartment in historic Woolworth Building - once tallest in world - boasts five bedrooms, four bathrooms, two powder rooms, and incredible duplex terrace with views of downtown

Pavilion A is a duplex luxury condominium located in New York City's historic Woolworth Building The condo, which is featured in the hit HBO drama Succession, has been listed on the market for $23.3million It includes five bedrooms, four bathrooms, two powder rooms, and outdoor terrace with views of downtown Retail giant Frank W. Woolworth paid $13.5 million in cash to construct the building more than 100 years agoWoolworth Building was tallest in world from 1913 to 1930; the top 32 units were converted to luxury condos Read more »

Glamorous life coach who 'pretended to be a doctor and signed off on 600 FAKE Covid exemption certificates' looks shellshocked at court - as security orders her to follow a VERY simple Covid rule

Maria Pau is alleged to have issued up to 600 fake Covid medical exemptionsShe appeared in court on Thursday where her case was adjournedA large media pack descended on Ms Pau as she left Southport Court Queensland Police said she does not believe she has done anything wrongThe 'addiction coach' has a doctorate in 'professional research' Read more »

'Heartbroken' model Sammy Robinson confirms SPLIT with long-term boyfriend after seven years - as rumours swirl she already has a handsome new flame

Sammy Robinson has split from her partner of seven years, Nick WheatleyThe 25-year-old Gigi Hadid lookalike insisted she is in 'no rush to date'But rumours are swirling she is already seeing Sydney influencer, Jordan SimiSimi, 27, dated Neighbours actress Bonnie Anderson for a year and split in 2020 Read more »

GRAVES from 200 years ago are found under one of Sydney's most popular train stations

Construction workers have unearthed a burial vault underneath Central Station Sydney's transport hub is undergoing a major redevelopment project Inscribed nameplates were found with archeologists searching for descendants Two new metro platforms and a Central Walk concourse are being constructed  Read more »

So what about the Grand Prix? Victoria's tough stance on unvaccinated athletes for the Australian Open could see the state lose its major sporting events

Dan Andrews has banned unvaccinated tennis players from the Australian OpenThe ruling has sparked fears other major sporting events could be jeopardisedEvents experts say losing Grand Prix could lose state huge tourism dollars  It comes after days of confusion over vaccine policies for overseas athletesScott Morrison had said unvaccinated players could come if they quarantined Read more »

New York man who went blind after his eye was gouged out in vicious subway attack goes viral with gut-wrenching story about his struggle to accept his new reality now that he has found love

The man, who is known only as 'K,' shared his story on the popular social media account Humans of New York on TuesdayIn the emotional seven-part series, he detailed how he was robbed and stabbed in his left eye with a screwdriver during a subway attack on January 15, 2020K woke up in the hospital unable to see with his hands and feet cuffed to the bedHe said he never got an explanation as to why he was handcuffed, and he wonders if doctors would have tried hard to save his eye if his hands were freeAfter learning that his optic nerve was severed and he would never see again, he started staying in bed all day and drinking too much K eventually reached out to his friend and former co-worker Melissa, whom everyone called 'Benji,' and they started talking for hours each nightThey became a couple on May 1, 2020, but he admitted that he still worries about her falling for someone else and leaving him K and Benji have been praying together, but he has yet to learn how to walk on his own or read braille In the final post, he vowed to start moving, explaining that it would be like he died on the day of his attack if he didn't Read more »

Critically endangered 'Goldilocks' bird gifted 13,000 hectares of habitat to stop extinction

Rare Australian bird known as plains-wanderer given chance to avoid extinctionRural landholders set aside more than 13,000 hectares of land for bird to thriveBelieved to be only 500 remaining in the wild, only found in parts of Australia Read more »

Chumpy Pullin's widow gives birth to their first child – which was conceived after his death – as she admits to feeling 'busy and tired' in first photos

Chumpy Pullin’s widow Ellidy has given birth to their first child which was conceived after the former Olympian’s death.  Chumpy, 32, drowned while spearfishing off the Gold Coast in July ... Read more »

The Bachelor star, 29, claims she had a 'HEART ATTACK as a side effect of her first Pfizer Covid vaccine' and insists the complications are 'not rare anymore' - but doctors say her symptoms are 'unrelated' to the shot

Monique Morley claims she is suffering from a heart condition related to the Pfizer vaccineThe 29-year-old says she experienced lockjaw, clammy hands, heart palpitations and blurred vision soon after getting her first jabHowever, doctors said her symptoms were 'unrelated' to the shot She was later hospitalised and diagnosed with pericarditis, an inflammation of the sac-like tissue that surrounds the heart  There are 3.8 cases of pericarditis for every one million doses of the Pfizer shot - a rate of one in 263,157 Read more »

Meet Australia's 100 richest young entrepreneurs cashing in on tech, cryptocurrency and social media including six billionaires 40 or under - and there are more women than ever

Financial Review Young Rich List features 100 entrants with total worth of $41b Combined wealth for the Top 100 has increased by $100m on last year's totalCryptocurrency investors, wellness influencers and tech innovators drive wealthCanva founders Melanie Perkins, 34, and Cliff Obrecht, 35, top list with $16.5bCrypto trading platform Synthetix founder Kain Warwick, 40, is worth $879m  Read more »

Sophie Monk flaunts her ample assets in a floral dress as she sips champagne and takes selfies with fiancé Joshua Gross outside a Byron Bay pub

Sophie Monk and her fiancé Joshua Gross are currently based in Byron Bay while she hosts the new season of Love Island Australia. And over the weekend, the happy couple were ... Read more »

Alameddine and Hamze gang members try to flee Sydney as cops make their life hell during hunt for assassins who gunned down a teenage gangster and his father

Members and associates of Alameddine and Hamze gangs try to flee SydneyA new NSW Police crackdown is attempting to shut down the ongoing feudIt follows the murders of Salim Hamze, 18, and his father Toufik, 64, last week Three men arrested over an ­alleged bashing of Mohamad 'Butch' Haouchar  Read more »

PLDT builds first hyperscale data centre in the Philippines

The new green facility will serve growing hyperscale demand in the country’s enterprise sector. Read more »

Cryptocurrency start-ups dangle high yields to tap digital token holders' idle assets

An increasing number of start-ups in Hong Kong are offering cryptocurrency-lending services, claiming to provide high returns. However, as regulations on such blockchain-based decentralised finance (DeFi) are unclear, industry observers ... Read more »

Madonna's daughter Lourdes Leon strikes a sexy pose in a racy black latex bodysuit and sheer tights

Lourdes Leon looked sensational while modeling a black latex bodysuit on Wednesday.  While turning up the heat in her dominatrix-inspired ensemble for a Mugler campaign, Madonna’s daughter, 25, stood proudly ... Read more »

EXCLUSIVE: Kristina Keneally caught out selling products sourced from CHINA to raise money just days after Labor launched 'buy Australian' policy

Kristina Keneally has a website to call out false statements from Scott Morrison She has a store selling products emblazoned with quotes to make fun of the PMThe items include $34.99 water bottles, $29.99 tote bags and $19.99 mugsThe products are sourced from China despite Labor's 'buy Australian' policy  Read more »

SAS appoints Lim Hsin Yin as Managing Director for Singapore

Lim has previously held leadership positions at Dell Technologies, Avaya and IBM. Read more »

Foodies are now creating 'SMASHED' McDonald's soft serve in the latest dessert trend to sweep social media

Foodies are obsessing over food trend that involves smashing ice cream conesAdrian Widjonarko revealed how he made a 'smashed' McDonald's soft serveThe dessert has been going viral in Indonesia, with many saying it's 'amazing' Read more »

No pressure! Bizarre moment huge mob of kangaroos bound up to a golfer on a fairway and wait for her to tee off

Stunned amateur golfer Wendy Powick posted a video of encounter on Monday She was preparing to tee off when a large group of roos swarmed the fairwayMs Powick was amazed and laughed in shock at what was occurring on course The group of roos later dispersed and all followed each other to another area Read more »

How fugitive 'drug kingpin' dubbed 'Australia's Pablo Escobar' boasted about having $30MILLION in savings and running the country's cocaine market - as his sister insists he's been KIDNAPPED

Mostafa Baluch's sister has claimed fugitive 'drug king pin' has been kidnappedThe 33-year-old faces life in jail after accused of being linked to major drug sting She dismissed claims the restaurateur has escaped the state onboard private jetPolice allege Baluch cut off his ankle monitoring bracelet late on Monday night His sister said she hopes he is somewhere safe and that no one has hurt him Read more »

Sydney house prices surges 30% in a YEAR - $957 each DAY .... and house prices elsewhere in Australia are going through the roof too

 Real estate sales group Domain has released new data on house, unit prices Sydney's median house prices surged 30.4 per cent in a year to $1.499millionA capital city house in Australia is now typically priced at $994,579 after big rise  Read more »

REVEALED: The best and worst supermarket toilet cleaners - as plumber warns why you should NEVER use plain bleach

Australian consumer experts from CHOICE reveal best and worst toilet cleaners A $2.19 toilet cleaner from Aldi has been named the best on the market Judges rated the 21 toilet cleaners based on effectiveness and value for moneyWoolworths Essentials Toilet Cleaner ($2) performed no better than water  Read more »

Toddler is hospitalised with serious lacerations after a dog attack in Victoria

Young child has been hospitalised with serious injuries after dog attackEmergency services were called to home in Corio in Geelong on WednesdayToddler taken to Geelong University Hospital with 'serious lower body injuries' Read more »

Major flaw on the Service NSW app will FINALLY be fixed after 700,000 residents missed out on urgent Covid exposure alerts

App does not notify users by popup if they visited a known exposure site NSW Health has made more than 700,000 case alerts since September 30 Many may have been missed as they're not pushed to phone's home screenThe NSW government said the feature would be implemented on October 29  Read more »

Angelina Jolie's daughter Shiloh, 15, continues her radical image change as she wears an elegant lace detailed dress to Eternals UK gala screening

Angelina Jolie’s daughter Shiloh Jolie-Pitt continued to move away from her ‘dude’ style as she arrived at the Eternals premiere at the BFI IMAX Waterloo in London with her famous mother ... Read more »

Australia's deadliest day: Victoria records 25 Covid-related deaths and 1,923 cases

Victoria recorded 25 Covid-related deaths and 1,923 cases overnight in the deadliest day of the pandemic so far.  The startling figure comes as residents enjoy new-found freedoms as the state prepares ... Read more »

Screaming match on the floor of Parliament as Daniel Andrews is labelled a 'dictator' over pandemic laws - as Victorians turn on Premier in TWO horror polls

Victoria's state of emergency laws expire on December 15 after 21 monthsPremier Daniel Andrews wants to pass sweeping new laws to replace them The Health Minister will have the power to enforce lockdowns and quarantineThere will be fines of up to $90,870 for individuals and $454,350 for businesses Read more »

Two semi-trailer trucks carrying chemicals collide and catch fire with HUGE plumes of toxic black smoke seen pouring into the air in Sydney's west

Plumes of smoke were seen soaring into the air after collision on ThursdayThe semi-trailer trucks crashed into each other in Wetherill Park, Sydney's west  Read more »

Family of a young Aboriginal mother shot dead by a white policeman while holding a knife insist she was 'a good girl who just needed help' and slam the not guilty verdict in cop's murder trial

Family of Aboriginal woman fatally shot by police slam not guilty verdictJC's death in Geraldton in September 2019 sparked community outrageOfficer who shot her faced recently faced trial, where a jury found him not guiltyFamily will lead calls for JusticeForJC at rally outside WA parliament Thursday Read more »

Victoria's top lawyer warns Dan Andrews' 'draconian' new law to issue $90,000 fines and two years' jail gives him UNLIMITED powers - as basketball legend Andrew Bogut calls for them to apply to premier's own mask breach

Victorian Bar has slammed Premier Dan Andrews proposed sweeping new lawsBar President has branded the laws 'draconian' and says he has 'grave concerns' Basketball Andrew Bogut has joined the chorus of outrage at the legislation   There will be fines of up to $90,870 for individuals and $454,350 for businesses Read more »

Cop who violently arrested a transgender woman with a taser and pepper-sprayed her in the face after she refused to make eye contact is jailed

Former policeman jailed over violent arrest and assault of transgender woman  Mark Anthony Follington, 61, will spend at least 18 months behind barsAnya Bradford still traumatised over arrest and assault in Liverpool pub in 2019 Read more »

Entitled moment family of 'Australia's Pablo Escobar' demand THEIR privacy is respected as cleaners scrub their $4million home - and it's revealed suspected drug lord held farewell BBQs before fleeing in a Range Rover

Mostafa Baluch's relatives remained inside the home he fled from on WednesdayThey held crisis talks as cleaners arrived to tidy the interior of the home His father and a young woman said they have no idea where he is after fleeingBaluch faces live in jail after he was accused of being linked to major drug sting  Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic