Rackspace takes a deep dive into Singapore cybersecurity strategies
Rackspace Technology, the end-to-end multicloud solutions provider, has shared that over seven in 10 (72%) Singapore IT leaders say cybersecurity is a top-three business concern for C-suites, ahead of issues such as price inflation (54%), compliance (42%) and supply chain/logistics management (38%). This is significantly higher than the global average, where 59% of global IT leaders name cybersecurity as a key concern. In research* polling 150 Singapore IT leaders, a little over half (51%) said that they are able to manage cybersecurity risks. This leaves 49% of respondents unable to cope, despite sizable increases in cybersecurity investment, greater board visibility and increased collaboration between the security team and the C-suite across all respondents. A similar proportion report being either “fully-prepared” or “somewhat prepared” to respond to major threats, such as recovering from cyberattacks (51%) or identifying and mitigating threats and areas of concern (50%). When...