• About Us
    • Fact Checking Policy
    • Ownership & funding information
    • Volunteer
  • Subscribe
  • Letter submission
    • Submissions Policy
  • Contact Us
The Online Citizen Asia
  • Opinion
    • Editorial
    • Commentaries
    • Letters
    • Comments
  • Current Affairs
    • Singapore
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Arts & Culture
    • Consumer Watch
    • NGO
    • Lifestyle
    • Travel
  • Politics
    • Civil Society
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Letters
    • Comments
  • Current Affairs
    • Singapore
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Arts & Culture
    • Consumer Watch
    • NGO
    • Lifestyle
    • Travel
  • Politics
    • Civil Society
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
No Result
View All Result
The Online Citizen Asia
No Result
View All Result

Survey: 45% of local organisations believe their networks are vulnerable to cyber attacks

by Stephen Netto
25/07/2019
in Business, Tech
Reading Time: 4 mins read
0

According to a new global survey by CyberArk, 45% of local organisations believe their networks can be easily infiltrated by cyber attacks due to lack of awareness or limited cybersecurity protocol towards privileged access security.
The CyberArk Global Advanced Threat Landscape 2019 Report showed that a general lack of awareness regarding the existence of privileged credentials – primarily across Internet of Things (IoT), DevOps, robotic process automation (RPA), and in the cloud – is a compounding risk.
Consequently, this creates a perfect opportunity for attackers to exploit legitimate privileged access to move laterally across a network to conduct reconnaissance and progress their mission.
Additionally, the report revealed that preventing this lateral movement is the main reason why organisations are mapping security investments against key mitigation points along the cyber kill chain, with 30% of total planned security spend in the next two years to focus on stopping such privilege escalation and lateral movement.

Proactive investments to reduce risk are critical given what this year’s survey respondents cite as their top threats:

  • 79% identified hackers in their top three greatest threats to critical assets, followed by organised crime (66%), privileged insiders (44%), and hacktivists (41%).
  • 60% of respondents cited external attacks, such as phishing, as one of the greatest security risks currently facing their organisation, followed by ransomware (62%) and Shadow IT (57%).

The survey also found that while local organisations view privileged access security as a core component of an effective cybersecurity program, this understanding has not yet translated to action for protecting foundational digital transformation technologies:

  • 81% state that IT infrastructure and critical data are not fully protected unless privileged accounts, credentials, and secrets are secured.
  • Despite this, only 56% have a privileged access security strategy in place for protecting business critical applications and cloud infrastructure respectively, with even fewer having a strategy for DevOps (28%) or IoT (28%).
  • Only 30% understood that privileged accounts, credentials, and secrets exist in containers, with 32% understood that they exist in source code repositories, and 42% understood that they are present in privileged applications and processes such as RPA.

“While local organisations are recognising the necessity to increase digital transformation efforts by investing in technology to secure the cloud, IoT, and automation, these findings point to the need to commit more to tighten data security beyond just meeting compliance regulations such as the Personal Data Protection Act and paying hefty fines,” said Vincent Goh, Senior Vice President for Asia Pacific and Japan at CyberArk.

“The results show that businesses don’t have a high degree of confidence in their ability to defend themselves from cyber attacks. With nearly half of respondents being impacted by a cyber attack in the past 36 months, business and technology leaders must take on a security-first mindset, implementing robust cyber strategies to prioritise the protection of critical assets and data,” he added.

For just US$7.50 a month, sign up as a subscriber on The Online Citizen Asia (and enjoy ads-free experience on our site) to support our mission to transform TOC into an alternative mainstream press.

Related Posts

Keppel O&M’s involvement in Brazil’s massive corruption scandal
Business

Keppel Offshore & Marine paid fines and damages of US$65 million to Brazilian authorities over corruption case

30/01/2023
Malaysian PM Anwar Ibrahim arrives in Singapore for one-day official visit
Malaysia

Malaysian PM Anwar Ibrahim arrives in Singapore for one-day official visit

30/01/2023
TikToker alleges being “thrown in airport jail” for going on a 10 hours day trip to Changi Airport
Comments

TikToker alleges being “thrown in airport jail” for going on a 10 hours day trip to Changi Airport

30/01/2023
Workers’ Party Sengkang MPs receives a “mountain of rice pack” from public after donation call for needy families in CNY
Politics

Workers’ Party Sengkang MPs receives a “mountain of rice pack” from public after donation call for needy families in CNY

30/01/2023
Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber
Comments

Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber

30/01/2023
Opposition parties greet Singaporeans during CNY festive season
Politics

Opposition parties greet Singaporeans during CNY festive season

30/01/2023
Subscribe
Connect withD
Login
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
Notify of
Connect withD
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
0 Comments
Inline Feedbacks
View all comments

Latest posts

Keppel O&M’s involvement in Brazil’s massive corruption scandal

Keppel Offshore & Marine paid fines and damages of US$65 million to Brazilian authorities over corruption case

30/01/2023
Malaysian PM Anwar Ibrahim arrives in Singapore for one-day official visit

Malaysian PM Anwar Ibrahim arrives in Singapore for one-day official visit

30/01/2023
TikToker alleges being “thrown in airport jail” for going on a 10 hours day trip to Changi Airport

TikToker alleges being “thrown in airport jail” for going on a 10 hours day trip to Changi Airport

30/01/2023
Workers’ Party Sengkang MPs receives a “mountain of rice pack” from public after donation call for needy families in CNY

Workers’ Party Sengkang MPs receives a “mountain of rice pack” from public after donation call for needy families in CNY

30/01/2023
Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber

Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber

30/01/2023
Opposition parties greet Singaporeans during CNY festive season

Opposition parties greet Singaporeans during CNY festive season

30/01/2023
Big C and DHL Supply Chain Thailand deploys electric trucks in joint collaboration to reduce carbon emissions

Big C and DHL Supply Chain Thailand deploys electric trucks in joint collaboration to reduce carbon emissions

30/01/2023
Gandhi’s killer a hero to India’s diehard Hindu nationalists

Gandhi’s killer a hero to India’s diehard Hindu nationalists

30/01/2023

Trending posts

Two Indian nationals paid about S$330 and S$730 respectively for forged certificates submitted in their S-Pass application

MOM found issuing EPs meant for foreign PMETs to PRC waitress and general worker

by Correspondent
26/01/2023
41

...

Earning only S$400 a month, delivery-rider turned hawker threw in the towel after two years of running a rojak stall

Earning only S$400 a month, delivery-rider turned hawker threw in the towel after two years of running a rojak stall

by Yee Loon
26/01/2023
24

...

Ho Ching breaks silence over Temasek’s write down of its US$275 million investment in FTX, says it “can afford to be contrarian”

US regulator questions VCs’ due diligence work prior to investing in FTX; Ho Ching says Temasek can afford to be contrarian

by The Online Citizen
24/01/2023
28

...

Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber

Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber

by Yee Loon
30/01/2023
13

...

Indian rupee falls 60% since signing of CECA while Singapore becomes top investor in India

by Correspondent
25/01/2023
59

...

Temasek and GIC reportedly in talks with Adani Group accused of “brazen” market manipulation and accounting fraud

Temasek and GIC reportedly in talks with Adani Group accused of “brazen” market manipulation and accounting fraud

by The Online Citizen
26/01/2023
49

...

July 2019
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
« Jun   Aug »

The Online Citizen is a regional online publication based in Taiwan and formerly Singapore’s longest-running independent online media platform.

Navigation

  • About Us
    • Fact Checking Policy
    • Ownership & funding information
    • Volunteer
  • Subscribe
  • Letter submission
    • Submissions Policy
  • Contact Us
  • About Us
  • Subscribe
  • Letter submission
  • Contact Us

© 2022 - 2023 The Online Citizen Asia

No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Comments
  • Current Affairs
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Civil Society
    • Arts & Culture
    • Consumer Watch
    • NGO
  • Politics
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
  • Lifestyle
    • Travel
  • Subscribers login

© 2022 - 2023 The Online Citizen Asia

wpDiscuz