Frost & Sullivan Asia-Pacific Survey Outlines Key IT and Security Trends Impacting Enterprises

In addition to providing quantitative insight, the study provides a top-level assessment of three main cybersecurity threats in Singapore: ransomware, data exfiltration and vulnerability of unpatched systems.

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"The ongoing COVID-19 pandemic has pushed enterprises globally to accelerate their security capabilities, sometimes leading to security gaps. The increasingly sophisticated threat landscape and a complex business environment are also driving businesses to explore solutions to help them strengthen their security posture for better cyber threat/risk," said Kenny Yeo, Associate Director, Head of Asia-Pacific Cybersecurity Practice at Frost & Sullivan. "However, utilizing these solutions in isolation will limit their effectiveness. As our organizations change, IT and risk teams also need to adapt and better manage the expanded threat surface by implementing a holistic cybersecurity approach for maximum benefits."

"In its third year running, the ISACA-Frost & Sullivan survey of thought leaders within the ISACA Singapore Chapter membership has provided situational awareness to aid organizations in building threat-informed defenses across people, processes and technology," said Steven Sim, President, ISACA Singapore Chapter. "The results are also reflective of the ISACA Global State of Cybersecurity 2021 results, albeit with Singapore-centric nuances. In a strong public-private partnership, keeping regular tabs on the ground's pulse helps us guide organizations in developing more agile, risk-optimal security improvement programs and contributing to a collective ecosystem defense."

Key findings include:

People, processes and technology all need to be addressed in today's modern enterprise with the support of senior management. These include cybersecurity awareness programs, governance, risk and compliance tools, and cyber drills.

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