{"id":17179,"date":"2023-03-26T22:00:00","date_gmt":"2023-03-26T22:00:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4046276_AE46276_0"},"modified":"2023-03-26T22:00:00","modified_gmt":"2023-03-26T22:00:00","slug":"singapore-businesses-focus-on-tech-as-cyberattack-fears-rise","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=17179","title":{"rendered":"Singapore businesses focus on tech as cyberattack fears rise"},"content":{"rendered":"<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2035806\/CPAA_RGB_Logo.jpg?p=medium600\" border=\"0\" alt title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<ul type=\"disc\">\n<li>Nearly half of <span class=\"xn-location\">Singapore&#8217;s<\/span> small businesses believe a cyberattack is possible this year.<\/li>\n<li>Small businesses can capitalise on growth opportunities through digital tools, e-commerce, and new payment technologies.<\/li>\n<li>Innovation remains an important ingredient to business growth in 2023.<\/li>\n<\/ul>\n<p><span class=\"legendSpanClass\"><span class=\"xn-location\">SINGAPORE<\/span><\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">March 27, 2023<\/span><\/span> \/PRNewswire\/ &#8212; Fears of cyberattacks have risen sharply in <span class=\"xn-location\">Singapore<\/span> as small businesses ramp up their use of technology. That&#8217;s one of several important findings from a survey by global professional accounting body CPA Australia.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p> <a href=\"https:\/\/mma.prnasia.com\/media2\/2035805\/SBS_2023_Singapore.html\" target=\"_blank\" rel=\"nofollow noopener\"> <img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2035805\/SBS_2023_Singapore.jpg?p=medium600\" title alt> <\/a> <br \/><span><\/span><\/p>\n<\/p><\/div>\n<p>The annual <a href=\"https:\/\/www.cpaaustralia.com.au\/tools-and-resources\/business-management\/small-business-resources\/asia-pacific-small-business-survey\" target=\"_blank\" rel=\"nofollow noopener\"><span id=\"spanHghlt8e9b\">Asia-Pacific Small Business Survey<\/span><\/a>&nbsp;found nearly half (45.2 per cent) of all small businesses in <span class=\"xn-location\">Singapore<\/span> believe a cyberattack on their business is possible this year. This figure compares to 29 per cent in the previous year.<\/p>\n<p>In response to the threat, more than 50 per cent of small businesses reviewed their cybersecurity in the past six months. That figure rose from just over a third in 2021. It&#8217;s also the third highest result of the 11 Asia-Pacific markets surveyed by CPA Australia.<\/p>\n<p>CPA Australia Digital Committee Chair and PwC Singapore Digital Business and Risk Services Leader <span class=\"xn-person\">Greg Unsworth<\/span> said there are significant opportunities for longer-term growth if small businesses focus on technology.<\/p>\n<p>&#8220;Small businesses must keep up with new technology to succeed in today&#8217;s digital economy. However, this investment in digital tools comes with increased cybersecurity risk.&#8221;<\/p>\n<p>Cybercrime in <span class=\"xn-location\">Singapore<\/span> hit an all-time high of 33,669 reported cases in 2022. This represents a 25.2 per cent jump from the previous year, the latest <span class=\"xn-location\">Singapore<\/span> Police Force data shows.<\/p>\n<p>&#8220;Small businesses need to be alert to cyberattacks but it shouldn&#8217;t stop them from embracing digital opportunities.<\/p>\n<p>&#8220;Investing in relevant digital tools, embracing new payment technologies and expanding their online presence can help them to streamline operations, tap into new markets, improve customer experience and build brand loyalty. These strategies open up ways to grow their business that have previously been unimaginable,&#8221; Unsworth said.<\/p>\n<p>Funding and incentives to boost <span class=\"xn-location\">Singapore&#8217;s<\/span> cyber defences may have encouraged small businesses to increase their cybersecurity in 2022.<\/p>\n<p>The survey found that small businesses in <span class=\"xn-location\">Singapore<\/span> used more technology in 2022 compared with the year before.<\/p>\n<p>There was a leap in e-commerce activity. Some 68 per cent of small businesses made at least 10 per cent of their sales online last year, up from 42 per cent in 2021.<\/p>\n<p>More than 70 per cent of small businesses generated at least 10 per cent of their sales through digital payment technologies, such as PayPal, Apple Pay and GrabPay. This was an increase of more than 13 percentage points from 2021.<\/p>\n<p><span class=\"xn-location\">Singapore&#8217;s<\/span> small businesses are increasingly embracing social media. Last year, 13 per cent said they did not use social media, a big improvement from 27 per cent the year before.<\/p>\n<p>The survey results show a strong connection between innovation and small business growth. 21 per cent of local businesses said they intend to introduce a new product, process or service in 2023.<\/p>\n<p>CPA Australia Singapore Divisional President <span class=\"xn-person\">Cheung Pui Yuen<\/span> and CEO of Deloitte Singapore said innovation is necessary for small businesses to stay ahead of the curve.<\/p>\n<p>&#8220;Innovation is crucial for all businesses, and it is especially important for small businesses. By innovating and finding new ways to bridge the gaps and meet customers&#8217; needs, small businesses will be more equipped to thrive in today&#8217;s competitive marketplace,&#8221; Cheung said.<\/p>\n<p><a href=\"https:\/\/www.cpaaustralia.com.au\/tools-and-resources\/business-management\/small-business-resources\/asia-pacific-small-business-survey\" target=\"_blank\" rel=\"nofollow noopener\"><span id=\"spanHghlt859f\">CPA <span class=\"xn-location\">Australia&#8217;s<\/span> Asia-Pacific Small Business Survey<\/span><\/a><\/p>\n<p><b>About CPA Australia<\/b><\/p>\n<p>CPA <span class=\"xn-location\">Australia<\/span> is one of the largest professional accounting bodies in the world, with more than 170,000 members in over 100 countries and regions, including more than 8,600 members in <span class=\"xn-location\">Singapore<\/span>. CPA <span class=\"xn-location\">Australia<\/span> has been operating in <span class=\"xn-location\">Singapore<\/span> since 1954 and opened our <span class=\"xn-location\">Singapore<\/span> office in 1989. Our core services include education, training, technical support and advocacy. CPA <span class=\"xn-location\">Australia<\/span> provides thought leadership on local, national and international issues affecting the accounting profession and public interest.&nbsp;We engage with governments, regulators and industries to advocate policies that stimulate sustainable economic growth and have positive business and public outcomes. Find out&nbsp;more at&nbsp;cpaaustralia.com.au<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nearly half of Singapore&#8217;s small businesses believe a cyberattack is possible this year. Small businesses can capitalise on growth opportunities through digital tools, e-commerce, and new payment technologies. Innovation remains an important ingredient to business growth in 2023. SINGAPORE, March 27, 2023 \/PRNewswire\/ &#8212; Fears of cyberattacks have risen sharply in Singapore as small businesses [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":17180,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-17179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Singapore businesses focus on tech as cyberattack fears rise - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=17179\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Singapore businesses focus on tech as cyberattack fears rise - My Blog\" \/>\n<meta property=\"og:description\" content=\"Nearly half of Singapore&#8217;s small businesses believe a cyberattack is possible this year. Small businesses can capitalise on growth opportunities through digital tools, e-commerce, and new payment technologies. Innovation remains an important ingredient to business growth in 2023. SINGAPORE, March 27, 2023 \/PRNewswire\/ &#8212; Fears of cyberattacks have risen sharply in Singapore as small businesses [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/transmediavictoria.net.au\/?p=17179\" \/>\n<meta property=\"og:site_name\" content=\"My Blog\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-26T22:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnasia.com\/media2\/2035806\/CPAA_RGB_Logo.jpg?p=medium600\" \/>\n<meta name=\"author\" content=\"admin_tony\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin_tony\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=17179#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=17179\"},\"author\":{\"name\":\"admin_tony\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\"},\"headline\":\"Singapore businesses focus on tech as cyberattack fears rise\",\"datePublished\":\"2023-03-26T22:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=17179\"},\"wordCount\":648,\"image\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=17179#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/transmediavictoria.net.au\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/singapore-businesses-focus-on-tech-as-cyberattack-fears-rise.jpg\",\"articleSection\":[\"Business News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=17179\",\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=17179\",\"name\":\"Singapore businesses focus on tech as cyberattack fears rise - My Blog\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=17179#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=17179#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/transmediavictoria.net.au\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/singapore-businesses-focus-on-tech-as-cyberattack-fears-rise.jpg\",\"datePublished\":\"2023-03-26T22:00:00+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=17179#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=17179\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=17179#primaryimage\",\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/singapore-businesses-focus-on-tech-as-cyberattack-fears-rise.jpg\",\"contentUrl\":\"https:\\\/\\\/transmediavictoria.net.au\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/singapore-businesses-focus-on-tech-as-cyberattack-fears-rise.jpg\",\"width\":599,\"height\":866},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=17179#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/transmediavictoria.net.au\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Singapore businesses focus on tech as cyberattack fears rise\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#website\",\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/\",\"name\":\"My Blog\",\"description\":\"My WordPress Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\",\"name\":\"admin_tony\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g\",\"caption\":\"admin_tony\"},\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?author=8\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Singapore businesses focus on tech as cyberattack fears rise - My Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/transmediavictoria.net.au\/?p=17179","og_locale":"en_US","og_type":"article","og_title":"Singapore businesses focus on tech as cyberattack fears rise - My Blog","og_description":"Nearly half of Singapore&#8217;s small businesses believe a cyberattack is possible this year. Small businesses can capitalise on growth opportunities through digital tools, e-commerce, and new payment technologies. Innovation remains an important ingredient to business growth in 2023. SINGAPORE, March 27, 2023 \/PRNewswire\/ &#8212; Fears of cyberattacks have risen sharply in Singapore as small businesses [&hellip;]","og_url":"https:\/\/transmediavictoria.net.au\/?p=17179","og_site_name":"My Blog","article_published_time":"2023-03-26T22:00:00+00:00","og_image":[{"url":"https:\/\/mma.prnasia.com\/media2\/2035806\/CPAA_RGB_Logo.jpg?p=medium600","type":"","width":"","height":""}],"author":"admin_tony","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin_tony","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/transmediavictoria.net.au\/?p=17179#article","isPartOf":{"@id":"https:\/\/transmediavictoria.net.au\/?p=17179"},"author":{"name":"admin_tony","@id":"https:\/\/transmediavictoria.net.au\/#\/schema\/person\/5b51d407d652c0aa802bea269ea5d7e7"},"headline":"Singapore businesses focus on tech as cyberattack fears rise","datePublished":"2023-03-26T22:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/transmediavictoria.net.au\/?p=17179"},"wordCount":648,"image":{"@id":"https:\/\/transmediavictoria.net.au\/?p=17179#primaryimage"},"thumbnailUrl":"https:\/\/transmediavictoria.net.au\/wp-content\/uploads\/2023\/03\/singapore-businesses-focus-on-tech-as-cyberattack-fears-rise.jpg","articleSection":["Business News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/transmediavictoria.net.au\/?p=17179","url":"https:\/\/transmediavictoria.net.au\/?p=17179","name":"Singapore businesses focus on tech as cyberattack fears rise - My Blog","isPartOf":{"@id":"https:\/\/transmediavictoria.net.au\/#website"},"primaryImageOfPage":{"@id":"https:\/\/transmediavictoria.net.au\/?p=17179#primaryimage"},"image":{"@id":"https:\/\/transmediavictoria.net.au\/?p=17179#primaryimage"},"thumbnailUrl":"https:\/\/transmediavictoria.net.au\/wp-content\/uploads\/2023\/03\/singapore-businesses-focus-on-tech-as-cyberattack-fears-rise.jpg","datePublished":"2023-03-26T22:00:00+00:00","author":{"@id":"https:\/\/transmediavictoria.net.au\/#\/schema\/person\/5b51d407d652c0aa802bea269ea5d7e7"},"breadcrumb":{"@id":"https:\/\/transmediavictoria.net.au\/?p=17179#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/transmediavictoria.net.au\/?p=17179"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/transmediavictoria.net.au\/?p=17179#primaryimage","url":"https:\/\/transmediavictoria.net.au\/wp-content\/uploads\/2023\/03\/singapore-businesses-focus-on-tech-as-cyberattack-fears-rise.jpg","contentUrl":"https:\/\/transmediavictoria.net.au\/wp-content\/uploads\/2023\/03\/singapore-businesses-focus-on-tech-as-cyberattack-fears-rise.jpg","width":599,"height":866},{"@type":"BreadcrumbList","@id":"https:\/\/transmediavictoria.net.au\/?p=17179#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/transmediavictoria.net.au\/"},{"@type":"ListItem","position":2,"name":"Singapore businesses focus on tech as cyberattack fears rise"}]},{"@type":"WebSite","@id":"https:\/\/transmediavictoria.net.au\/#website","url":"https:\/\/transmediavictoria.net.au\/","name":"My Blog","description":"My WordPress Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/transmediavictoria.net.au\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/transmediavictoria.net.au\/#\/schema\/person\/5b51d407d652c0aa802bea269ea5d7e7","name":"admin_tony","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/102836fe5f9cd6c64e96e90e7341dbc815b7d12726a85708326dc0db40afd906?s=96&d=mm&r=g","caption":"admin_tony"},"url":"https:\/\/transmediavictoria.net.au\/?author=8"}]}},"_links":{"self":[{"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/posts\/17179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17179"}],"version-history":[{"count":0,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/posts\/17179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=\/wp\/v2\/media\/17180"}],"wp:attachment":[{"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/transmediavictoria.net.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}