{"id":45858,"date":"2022-03-24T06:44:18","date_gmt":"2022-03-24T06:44:18","guid":{"rendered":"http:\/\/ef43c237-8bbf-4f75-93a5-85175a6b71e7"},"modified":"2022-03-24T06:44:18","modified_gmt":"2022-03-24T06:44:18","slug":"most-singapore-it-leaders-cannot-identify-fake-messages-but-only-half-concerned-about-phishing-risks","status":"publish","type":"post","link":"https:\/\/www.threatshub.org\/blog\/most-singapore-it-leaders-cannot-identify-fake-messages-but-only-half-concerned-about-phishing-risks\/","title":{"rendered":"Most Singapore IT leaders cannot identify fake messages, but only half concerned about phishing risks"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/www.zdnet.com\/a\/img\/resize\/52ddbda7fce7199c99d2bc7752a4658af0edf931\/2015\/04\/20\/f015777c-afe5-438e-bc87-89efa48c166e\/business-on-security-thumb.jpg?width=770&amp;height=578&amp;fit=crop&amp;auto=webp\" class=\"ff-og-image-inserted\"><\/div>\n<p>Only 4% of IT decision-makers in Singapore are able to correctly identify phishing SMS and email messages. Despite the apparent lack of judgement, 47% remain unconcerned about the risk of phishing attacks to their organisation.&nbsp;<\/p>\n<p>Some 32% of these IT leaders tapped their work phones for personal activities, higher than 18% of employees who did likewise, according to a study commissioned by KnowBe4, which provides security awareness training. Its chief hacking officer and reformed <a href=\"https:\/\/www.zdnet.com\/article\/mitnicks-tips-to-combat-social-engineering\/\" target=\"_blank\" rel=\"noopener\">hacker Kevin Mitnick<\/a>&nbsp;designed the US vendor&#8217;s training modules.<\/p>\n<p>The study further found that 53% of IT decision-makers in Singapore were concerned about phishing as a risk to their organisation, while 40% expressed similar concerns about <a href=\"https:\/\/www.zdnet.com\/article\/this-cybersecurity-threat-costs-business-millions-and-its-the-one-they-often-forget-about\/\" target=\"_blank\" rel=\"noopener\">business email compromise attacks<\/a>. Conducted last December by YouGov, the online survey polled 200 IT decision-makers and 1,012 employees in the city-state.&nbsp;<\/p>\n<p>A further 36% of IT decision-makers used their work email for personal activities, compared to 29% of office workers.&nbsp;<\/p>\n<p>In addition, 51% of IT leaders expressed confidence they would the steps they had to take following a cybersecurity incident or data breach in their organisation.&nbsp;<\/p>\n<p>And while 54% believed employees in their organisation understood the business impact of cybersecurity breach, 43% felt confident their staff could identify phishing and business email compromise attacks. Another 40% believed their employees would report email messages they deemed suspicious.&nbsp;<\/p>\n<p>KnowBe4&#8217;s Asia-Pacific security awareness advocate Jacqueline Jayne said: &#8220;When those charged with keeping a business secure are unaware of the risks and unable to identify scam email and SMS messages, their organisations are at significant risk&#8230;If those in charge of security are unaware of best practices, then they cannot educate and train employees.&#8221;<\/p>\n<p>Jayne noted that employees were more likely to fall for phishing scams if they used their work email for personal activities, such as online shopping. &#8220;Having a clear separation between work and personal activities makes it much easier to spot when an email is a scam&#8211;if you know you never shop online using your work email address, then you know that email from Amazon cannot be real,&#8221; she said.&nbsp;<\/p>\n<p>Singapore&#8217;s Anti-Scam Centre last year received more than 23,800 reports, with <a href=\"https:\/\/www.police.gov.sg\/-\/media\/C167DEC20A18405CA4AFFC79D0B3240C.ashx\" target=\"_blank\" rel=\"noopener noreferrer nofollow\" data-component=\"externalLink\">losses totalling almost SG$520 million<\/a>. More than 12,600 bank accounts were frozen and SG$102 million recovered.&nbsp;<\/p>\n<p>The KnowBe4 study revealed that 88% of Singapore IT decision-makers planned to spend more on cybersecurity this year, with 65% indicating such investment would go towards cybersecurity awareness training. Another 57% planned to direct their spend towards cybersecurity tools, while 55% would invest in infrastructure and 55% on cybersecurity insurance. &nbsp;<\/p>\n<h3>RELATED COVERAGE<\/h3>\n<p> READ MORE <a href=\"https:\/\/www.zdnet.com\/article\/most-singapore-it-leaders-cannot-identify-fake-messages-but-only-half-concerned-about-phishing-risks\/#ftag=RSSbaffb68\">HERE<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just 4% of IT decision-makers are able to correctly identify phishing email and SMS messages, but 47% remain unconcerned about such risks in their organisation.<br \/>\nREAD MORE HERE&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","footnotes":""},"categories":[62],"tags":[],"class_list":["post-45858","post","type-post","status-publish","format-standard","hentry","category-zdnet-security"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Most Singapore IT leaders cannot identify fake messages, but only half concerned about phishing risks 2026 | ThreatsHub Cybersecurity News<\/title>\n<meta name=\"description\" content=\"ThreatsHub Cybersecurity News | ThreatsHub.org | Cloud Security &amp; Cyber Threats Analysis Hub. 100% Free OSINT Threat Intelligent and Cybersecurity News.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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