Singapore SMEs taking risk of cyber attacks too lightly: Experts

Governments should be more careful about identifying the would-be culprits in cyberwars as such claims can have unintended consequences and can sometimes harm businesses, says the writer.
3 in 5 SMEs said they had suffered cyber-security breaches that resulted in business disruptions and data leaks over a 12-month period. PHOTO: EPA-EFE
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The survey also showed that SMEs are ill prepared to protect sensitive data, with three in five companies saying that cyber security is seen largely as an IT issue in their organisations.

Half of all the companies polled said key staff may not be fully aware of their obligations to protect the data they have access to, and there is no consistent understanding of what constitutes a cyber-security risk.

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A version of this article appeared in the print edition of The Straits Times on January 18, 2019, with the headline Singapore SMEs taking risk of cyber attacks too lightly: Experts. Subscribe