Subscribe / Unsubscribe Enewsletters | Login | Register

Pencil Banner

Organisational challenges main roadblock for effective security in Singapore

Zafirah Salim | Sept. 18, 2015
Overall security awareness amongst employees, budget allocation, lack of security talent, and misalignment between IT and security departments are cited as some of the biggest challenges faced by security professionals in Singapore.

Overall security awareness amongst employees (22%), budget allocation (16%), lack of security talent (15%), and misalignment between IT and security departments (15%) are cited as some of the biggest challenges faced by security professionals in Singapore when it comes to effectively implementing security measures and protocols.

As a result, only 17% of the respondents are confident that their organisations will be prepared to handle a targeted attack.

These findings are according to a Trend Micro-commissioned study, which polled over 400 Singapore-based security professionals from various industries at the recently-concluded CLOUDSEC, an internet security conference in Singapore.

The survey also revealed that trends like the proliferation of mobile devices in the workplace (31%) and collaborative, cloud-based work processes (24%) are contributing to security issues like data loss (22%) and targeted attacks (16%).

According to Trend Micro, the cost of a data breach is now valued at $3.8 million, which explains why risks associated with data security (48%) and data privacy (29%) are found to be the biggest red flags for security professionals. Compliance (21%) is also noted to be another cloud concern.

Given today's precarious security landscape, organisations need to address the issues cited above with urgency. The process of digital transformation - which many companies are seeking to embark on - is an opportunity to address security issues via a holistic approach, and subsequently integrate security as part of the organistional DNA, it added.

"The results clearly show that security needs to be a business imperative rather than a mere technological problem. For a security strategy to demonstrate value, all parts of the business need to be aligned, thus making security a boardroom-level issue, instead of a technical one delegated to the CTO or the CIO," said David Siah, Country Manager, Singapore, Trend Micro. "As technology is now a core element of most day-to-day operations of a given business entity, security needs to be understood and practiced across all lines of business."

 

Sign up for CIO Asia eNewsletters.