Singapore organisations report some of the strongest third-party cyber risk management maturity in the world, yet most still suffer supply chain-related breaches, according to new research from cybersecurity firm BlueVoyant.
The company’s latest State of Supply Chain Defence Report finds 60% of organisations surveyed in Singapore have what they describe as established or optimised third-party risk management programmes. This rate is nearly double the Asia-Pacific average. It is also higher than reported levels in the US market, which has often been viewed as a benchmark for cyber risk practices.
Despite this maturity, 93% of Singapore respondents say they have faced negative impacts from a cyber incident linked to a supplier. This is up from 70% in the previous year’s findings. The study links the rise to a mix of increasing attack volumes and better detection.
BlueVoyant specialises in cyber defence and supply-chain risk monitoring. It commissioned independent research firm Opinion Matters to survey 1,800 C-suite leaders around the world. The sample includes 300 senior executives from organisations in Singapore with more than 1,000 employees and responsibility for…
