SME Survey (“Too Small to Fail?”) Reveals Significant Perception Gap in Cyber Awareness and Preparedness in Singapore

63% of respondents believe they are in a better position than large competitors to manage a cyber incident. Yet, more than half of them have experienced a cyberincident in the last year. Smaller companies have a relatively larger exposure, as they face the same risks as larger businesses but do not have the same means to implement comprehensive protection, leaving significant risk uncovered.