Almost half of Singapore-based IT leaders believe AI will be the key to defend against ever-growing cyber threats

Almost half of Singapore-based IT leaders believe AI will be the key to defend against ever-growing cyber threats

World-leading Florida-based security awareness training and simulated phishing platform KnowBe4 has published the latest study regarding Singapore-based IT leaders' opinions on the emergence of AI to help bolster cybersecurity.

Conducted by YouGov, a total of 202 IT decision-makers were asked a variety of questions including rankings of common security practices in terms of how effective or beneficial they are in protecting organizations.

Here's a quick summary of the findings if you are too lazy to read through the whole report:

  • Nearly 47% of respondents believe in utilizing AI to combat cyber threats as one of the best ways through advanced threat detection, automated response, and predictive analysis
  • Firewall and intrusion detection systems are ranked 1st as the most popular choices thanks to 62% positive responses, followed by Multi-Factor Authentication (MFA) at 58% and regular cyber security awareness training (57%)
  • Top 5 methods also included encryption of sensitive data (55%) and sharing of information and best practices among organizations/businesses/government/law enforcement parties (51%)
  • Half of the respondents put regular software patching and updates as an important regiment

When asked about the reasoning behind the answers, here's how they articulated about the matter:

  • 96% of respondents believe it would ultimately benefit the organization
  • As for how 43% said it can help in the early detection of exploits and vulnerabilities while 42% goes for the building of optimal standards and practices for the cybersecurity industry
  • More than a third believe it can lead to reduced financial impact in the wake of data breaches
  • 41% expressed the enhancement of incident response capabilities and reduced response time as a benefit with the same ratio put to facilitating the sharing of lessons and experiences between other corporations
  • When the subject turns to government agencies and law enforcement parties, the number dropped minimally to just 40% and another 1% to 39% when better risk mitigation strategies and practices enter the topic
  • A third of the respondents 34% said that it can assist in developing and meeting compliance requirements more effectively
  • 33% of them believe it will help foster collaborative defense strategies with other organizations while 27% can go even further by allowing anonymized incident data to be shared among others without revealing corporate secrets and details