2023 Press Releases

November 20, 2023

New Rubrik Cyber Report Finds that 62% of Organisations in Singapore Suffered Loss of Sensitive Data in the Last Year

As marquee brands continue to reveal the challenges of successful cyberattacks targeting their business data, a new cyber report from Rubrik, the Zero Trust Data Security™ Company, reveals that 62% of organizations surveyed in Singapore suffered a loss of sensitive data over the last year. In fact, Singapore only came in second to India as the country with the highest percentage of organizations experiencing sensitive data loss events globally over the last 12 months.

In its new research report, “The State of Data Security: The Journey to Secure an Uncertain Future,” Rubrik Zero Labs provides a timely view into the increasingly commonplace problem of cyber risks and the challenge to secure data across an organization’s expanding surface area. New technologies – from artificial intelligence (AI) to cloud – continue to create countless opportunities for modern cybersecurity threats that capitalize on the explosion of data worldwide, according to a survey of over 120 local organizations.
 
Data Is Surging Globally — And Shows No Signs of Slowing Down

  • A typical organization’s data has grown 42% over the last 18 months, with SaaS data driving the most growth overall (145%) followed by cloud (73%) and on-premises (20%), as observed in the Rubrik Zero Labs Report (2023) .

  • On average, a typical organization’s data volume totals 240 backend terabytes (BETB). Three Rubrik-protected organizations reported more than a petabyte of backend data storage.

  • Rubrik Zero Labs predicts that the total volume of data a typical organization needs to secure will increase by almost 100 BETB in the next year — and by 7x in the next five years.

 Organizations in Singapore Struggle to Protect Sensitive Data Amid Growth

  • 43% of organizations surveyed store sensitive data in multiple locations across cloud, on-premises, and SaaS environments, with 7% reporting a dedicated, sensitive data storage location.

  • Over half (62%) of external organizations surveyed experienced a material loss of sensitive information in the last year, with about one out of every four organizations (23%) experiencing multiple losses.

  • The most widely-reported data types compromised included corporate financial data (40%), payment card data (35%) and both authentication credentials and intellectual property (34%).

 Data Policies Need To Be Improved To Meet Growing Data Security Needs

  • 86% of IT and security leaders surveyed believe their organization’s current data growth is outpacing their ability to secure this data and manage risk.

  • Almost all (98%) external organizations surveyed believe they currently have significant data visibility challenges.

  • 70% of respondents suspect people inside their organization are accessing data in violation of data policies.

  • Less than half (47%) of external organizations surveyed have an appointed single senior executive responsible for data and its security.

The proliferation of artificial intelligence, combined with the widespread use of personal data from various connected devices, has triggered a substantial data upsurge across South East Asia,” said Abhilash Purushothaman, Vice President and General Manager, Asia, Rubrik.
 
“Despite these transformative shifts, fundamental cybersecurity principles remain steadfast,” Purushothaman said. “We see an accelerated shift towards cyber resiliency, reshaping data protection initiatives and strategies across all industries, emphasizing the importance of a comprehensive ransomware recovery and remediation plan – beyond legacy backup and recovery tools which were not made to withstand modern day attack vectors.”
 
“The need of the hour is to democratize cyber resiliency with architectural solutions and platforms which can accelerate cyber detection, recovery, and resilience across all levels of cyber expertise. Organizations must maintain a sharp focus on protecting their data assets and infrastructure while embracing innovative approaches for achieving cyber resilience and ensuring business continuity with frameworks like Zero Trust Data Security,” he said.
 
“The State of Data Security” comes from Rubrik Zero Labs, the company’s cybersecurity research unit formed to analyze the global threat landscape, report on emerging data security issues, and give organizations research-backed insights and best practices to secure their data against increasing cyber events.
 
To learn more about Rubrik Zero Labs’ “The State of Data Security” visit https://rubrik.com/zero-labs.
 
Report Methodology
“The State of Data Security: The Journey to Secure an Uncertain Future” by Rubrik Zero Labs was commissioned by Rubrik and conducted by Wakefield Research among more than 1,600 IT and security decision-makers at companies of 500 or more employees. Respondents were made up of approximately half CIOs and CISOs and half VPs and Directors of IT and Security. The research was conducted in the US, UK, France, Germany, Italy, Netherlands, Japan, Australia, Singapore, and India between June 30, 2023 and July 11, 2023.
 
The survey supplemented Rubrik telemetry, looking at more than 5,000 clients across 22 industries and 67 countries. The data includes over 35 exabytes of logical storage secured and more than 24 billion sensitive data records from January 2022 through July 2023.