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“Another challenge faced by SMEs is the resources and budgets needed to mitigate these cyber risks. They need to allocate a percentage of their budget for cybersecurity. Given deeply the digital landscape depends on IT, no less than 10% of the IT budget should be spent on cybersecurity. SMEs should also look at various vendors which are trust marked and investigate whether these trusted vendors have the competencies to deal with both data protection and cybersecurity protection, and have the features needed by these vendors.” said Mr Yong.

Liu yangJohnny khoJohn yongDennis chanInstitute of technologyCyber security agency of singaporeHuawei internationalProfessor at nanyang technological universitySenior advisor of huawei internationalAdvisory programAssociation of information security professionals aiInformation security professionalsCyber security agencyCountry cybersecurityPrivacy officerSafer cyberspace