The survey also found that almost three quarters of firms (74 percent) in Singapore are guarding against IT security breaches by implementing strong, step-up authentication, followed by increasing investment in security to avoid breaches (63 percent), and changing their organization to better align responsibility for security (58 percent).
“In today’s application economy, it’s important for businesses to view security as a business enabler that drives value and new revenue streams rather than just as a form of control,” said Nick Lim, vice president, ASEAN and Greater China, CA Technologies. “We are seeing encouraging signs that Singapore companies’ understanding of security is maturing as consumers are becoming more aware and have greater expectations of how their information is handled. Security lays the foundation for trusted relationships and is integral to successful digital transformation.”
About the Research/Coleman Parkes
Conducted by Coleman Parkes, the study included 1,770 senior business and IT executives, including more than 100 CSOs and CISOs, from large enterprises across 21 countries and 10 industry sectors. A total of 799 respondents were from APJ; this covered Australia, China, Hong Kong, India, Japan, Korea, Indonesia, Malaysia, Singapore and Thailand.
The study and data analysis was done from May – September 2016. Coleman Parkes Research Ltd, formed in 2000, provides action-focused marketing research on a global scale. The company offers a full research and consultancy service across all markets, while specializing in business-to-business research with a focus on IT, technology and communications research. For more information, please visit www.coleman-parkes.co.uk.