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389554
Tue, 12/01/2015 - 04:58
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One Third Of Global Organisations Still Lack Confidence In Ability To Detect Cyber Attacks

By TENGKU NOOR SHAMSIAH TENGKU ABDULLAH SINGAPORE, Dec 1 (Bernama) -- At least a third of global organisations still lack confidence in their ability to detect sophisticated cyber-attacks, according to the annual EY’s Global Information Security Survey (GISS) 2015, Creating trust in the digital world. The survey of 1,755 organisations from 67 countries, including 35 from Singapore, examined some of the most important cybersecurity issues facing businesses today. The survey found that 88 per cent and 80 per cent of the global and Singapore respondents respectively, do not believe their information security structure fully met their organisation’s needs. Paul O’Rourke, Asia-Pacific Cyber Security Leader said: “Organisations are embracing the digital world with enthusiasm, but there must be a corresponding uptick in addressing the increasingly sophisticated cyber threats." He said businesses should not overlook or underestimate the potential risks of cyber breaches, instead, they should develop a laser-like focus on cybersecurity and make the required investments. When it comes to IT security budgets, 69 per cent and 56 per cent of the global and Singapore respondents respectively say that their budgets should be increased by up to 50 per cent to align their organisation’s need for protection with its managements’ tolerance for risk. In terms of the most likely sources of cyber-attacks, criminal syndicates (59 per cent), employees (56 per cent) and hacktivists (54 per cent) retained their top rankings globally, with state-sponsored (35 per cent) in the sixth place. However, compared with last year’s survey, respondents globally rated criminal syndicates, hacktivists and state-sponsored as more likely than in 2014: up from 53 per cent, 46 per cent, and 27 per cent, respectively. In Singapore, employees (41 per cent) were among the top three sources of cyber-attacks, with hacktivists (74 per cent) and cyber criminals (62 per cent) taking the top two spots. The survey found that 44 per cent and 34 per cent of companies globally currently feel less vulnerable to attacks arising from unaware employees, and outdated systems (compared with 57 per cent and 52 per cent respectively in 2014). However, they feel more threatened today by phishing and malware. Forty-four percent of global respondents (compared with 39 per cent in 2014) ranked phishing as their top threat; 43 per cent of global respondents consider malware as their biggest threat, versus 34 per cent in 2014. -- BERNAMA

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