---
title: "Nearly 40% of firms hit by AI cyber events, highest amongst 15 markets"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286850969.md"
description: "A recent survey revealed that 39% of Singapore businesses faced AI-related cyber events, the highest among 15 markets. Additionally, 42% experienced supplier-linked cyberattacks. Despite these challenges, 97% of firms expect AI to positively impact their operations. Key reasons for AI adoption include productivity and innovation. However, concerns about AI-related risks persist, with 54% citing phishing as the main attack method. Notably, 18% of companies lack cyber insurance, and 15% do not have a cyber response plan."
datetime: "2026-05-19T03:59:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286850969.md)
  - [en](https://longbridge.com/en/news/286850969.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286850969.md)
---

# Nearly 40% of firms hit by AI cyber events, highest amongst 15 markets

**Supplier-linked cyberattacks affected 42% of Singapore businesses.**

Nearly four in 10, or 39% of businesses in Singapore experienced at least one artificial intelligence (AI)-related cyber event in the past year, the highest rate amongst markets covered in its latest global cyber risks and AI survey.

The survey, which gathered responses from more than 6,000 business decision-makers across 15 markets, found that 97% of Singapore businesses expect AI to have a positive impact over the next two years, above the global average of 92%.

QBE said 86% of Singapore companies are already using AI, whilst another 13% are considering adoption.

Increasing productivity was the top reason for AI adoption, cited by 54% of respondents. Businesses also identified innovation and competitive advantage as key priorities, both at 40%.

To improve AI safety, half of Singapore respondents said their organisations are focusing on staff training. Other measures included ensuring data quality and strengthening human oversight.

The survey also found that 42% of Singapore businesses experienced a cyberattack linked to a supplier, compared to the global average of 32%. Meanwhile, 78% said they were concerned about risks arising from suppliers’ use of AI.

Phishing messages were the most common attack method in Singapore, cited by 54% of respondents. Other threats included attacks targeting identity vulnerabilities or entry points at 48%, AI-generated malware at 43%, deepfakes at 38%, and voice-based phishing at 38%.

Separate cybersecurity reports have pointed to rising automated threats in Singapore, including a 116% increase in bot attacks in 2025 and large volumes of exploit and Remote Desktop Protocol (RDP) attacks targeting businesses, alongside regulatory engagement on artificial intelligence-related cyber risks..

QBE said 18% of Singapore companies surveyed do not have cyber insurance coverage, whilst 15% do not have a cyber response plan in place.

By sector, 36% of construction firms surveyed in Singapore said they do not have cyber insurance, alongside 25% of manufacturers and 37% of education firms.

### Related Stocks

- [G3B.SG](https://longbridge.com/en/quote/G3B.SG.md)
- [ES3.SG](https://longbridge.com/en/quote/ES3.SG.md)
- [QBE.AU](https://longbridge.com/en/quote/QBE.AU.md)

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