Posted by SecurityBrief Asia on July 3, 2019:
Article by World Wide Technology VP and APAC head Nilesh Mistry
These days, it is difficult to dodge the topic of digitalisation in Singapore.
With the “Smart Nation” initiative in full swing, Singapore is set to reap the full benefits of digitalisation.
A study by the Economist Intelligence Unit (EIU) last year ranked Singapore as one of the most technologically ready economies for the period of 2018 – 2022.
Yet, as more of Singaporeans’ data moves towards digital platforms, there is also a broader surface area for cyber threats to prey upon.
In a recent report by Dell EMC, it was discovered that data-loss incidents cost Singapore organisations an average of US$1.4 million over 12 months.
This is higher than the global average of US$939,703.
Coupled with the fact that Singapore has also experienced high-profile data breaches such as the SingHealth hack in 2018, it is obvious that cybersecurity is an issue.
Whenever a data breach occurs, people usually see and hear of repercussions affecting the organisation’s C-suites.
However, cybersecurity is the collective responsibility of everyone in an organisation. A chain is only as strong as its weakest link.
The best technologies, infrastructure and legislation mean nothing if cyber threats target the human actor in the security chain.
It is no surprise the majority of the high-profile leaks that have taken place in the past year were all facilitated by some form of human lapses.
To ensure a robust and cohesive security strategy, cybersecurity consciousness must be fostered in the company culture and throughout the organisation.
Starting with organisational culture
Driving a culture change is not impossible but it would require a comprehensive cybersecurity awareness programme.
The first step toward creating a successful cybersecurity awareness programme is to recognise that it is not a project with a defined timeline and an expected completion date, nor is it something to measure with KPIs.