Singapore IT and Security Professionals’ Sentiment on  Cyberwarfare

Singapore firms surveyed amongst the top three most likely in the world to have  stalled or stopped digital transformation projects due to the threat of cyberwarfare

Armis, the leading asset visibility and security company,  today announced preliminary findings from the Armis State of Cyberwarfare and Trends  Report: 2022-2023, which highlights global IT and security professionals’ sentiment on  cyberwarfare. The study shares responses from more than 6,000 respondents across  multiple industries, including 501 professionals from Singapore. 

The Russian invasion of Ukraine has not only tragically upended the lives of countless  people in a sovereign nation, but is also causing geopolitical shockwaves of cyberwarfare  that will reverberate for the foreseeable future. Today’s targets extend well beyond  governments; any organization is a potential victim, with critical infrastructure and high-value  entities at the top of the list. 

“Cyberwarfare is the future of terrorism on steroids, providing a cost-effective and  asymmetric method of attack, which requires constant vigilance and expenditure to defend  against,” said Nadir Izrael, CTO and Co-founder at Armis. “Clandestine cyberwarfare is  rapidly becoming a thing of the past. We now see brazen cyberattacks by nation-states,  often with the intent to gather intelligence, disrupt operations, or outright destroy data. Based  on these trends, all organizations should consider themselves possible targets for  cyberwarfare attacks and secure their assets accordingly.”  

“Singapore is known worldwide as a technology and innovation hub, but our survey suggests  this status is under threat. Results confirm that cyberwarfare is stalling or even stopping  digital transformation projects across the city state, and threat activity is on the rise,” said  Gwen Lee, Regional Director ASEAN, Armis. “To change this situation, organizations need  to take a strategic view of cyberwarfare and secure their assets accordingly, allowing them  to refocus on growing their businesses.” 

Key findings from the Armis State of Cyberwarfare and Trends Report: 2022-2023 include: 

● Sixty-three percent of Singaporean respondents agreed that their firm had stalled or  stopped digital transformation projects due to the threat of cyberwarfare, putting the  city-state amongst the 3 most likely in the world to have those projects affected. 

● Three in five (60%) IT and security professionals surveyed in Singapore have  experienced a cybersecurity breach at their company.  

● Thirty-six percent of local respondents indicated they’ve experienced more threat  activity on their networks between May and October 2022 when compared to the six  months prior. Healthcare and telecommunications firms have seen the highest  increase. ● A large majority of Singapore respondents (83%) believe their companies have  allocated sufficient budget for cybersecurity programs, people, and processes.