Nearly 40% of firms hit by AI cyber events, highest amongst 15 markets
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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.
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Source: Singapore Business Review The copyright of this article belongs to the original author/organization.
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