SINGAPORE (May 6): Despite improvements to combating cybercrime and threats, IT security professionals are still struggling to fully protect their organisation against breaches with 61% claiming to have experienced a data breach at their current workplace.

This is part of the findings from McAfee’s latest report titled Grand Theft Data II – The Drivers and Shifting State of Data Breaches.

Data breaches are becoming more serious as cybercriminals continue to target intellectual property. This puts the company’s reputation at risk and increases financial liability. In Singapore, 66% of all breaches have required public disclosure, which in turn has affected financial results.

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