More needs to be done by Singapore organisations to protect themselves.
Nearly nine in 10 (89%) local firms experienced increased cyber threats during Covid-19, and 62% suffered downtime due to a cyber concern, costing some over US$100,000. Yet, 31% of them have had their technology and security budgets reduced.
The “Cybercrime in a Pandemic World: The Impact of COVID-19” study by cybersecurity firm McAfee Enterprise and FireEye also reveals that e-commerce, travel, and supply chain are at-risk industries this holiday season.
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