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Home Process Compliance and Governance

The Game Plan: Navigate evolving threats and compliance demands

Allan Tan by Allan Tan
June 17, 2025
The Game Plan: Navigate evolving threats and compliance demands

The Game Plan: Navigate evolving threats and compliance demands

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Singapore stands at the forefront of digital transformation in Southeast Asia, serving as a regional nexus for data centres, financial services, and technology innovation. As the city-state continues its rapid ascent as Asia's digital hub, the cybersecurity landscape in 2025 is marked by both remarkable progress and evolving threats.

The prevalence and evolution of cyber threats

According to the Singapore Police Force, scammers are employing various tactics, including Google Meet calls with individuals posing as police officers and fake online marketplace platforms, to deceive victims into disclosing personal and banking information.

Rising incidence of security breaches

Citing the company's "State of Cybersecurity 2025: Singapore", Ismael Valenzuela, vice president of Labs, Threat Research and Intelligence at Arctic Wolf, notes that in 2024, 77% of Singaporean organisations reported experiencing a security breach, underscoring the high prevalence of cyber incidents in the region. Malware infections were cited as the most common attack vector, followed by business email compromise, ransomware, and data exfiltration.

The persistent and costly threat of ransomware is especially notable, with 100% of affected organisations in Singapore admitting to paying ransom demands—a figure that highlights both the severity of attacks and the pressure on victims to resolve incidents swiftly.

AI: Both a threat and a defence

The rapid emergence of AI has fundamentally altered the cybersecurity landscape. According to Arctic Wolf's report, 23% of respondents now cite AI, large language models (LLMs), and associated privacy issues as their leading concern, surpassing even ransomware and data extortion. 

Valenzuela explains that while digital maturity doesn't necessarily equate to a decrease in phishing attacks being successfully carried out, the nature of digital transformation does result in expanded attack surfaces.

"With an expanded attack surface comes more endpoints to defend, more third parties that have access to internal data, and more opportunities for threat actors to capitalise on phishing and other types of attacks," he continues.

He also calls out phishing as another tried-and-true method of attack that has been made easier by the evolution of AI, which allows threat actors who previously may not have been able to craft a deceiving phishing message to create one in any language for virtually any industry instantly.

AI is thus a double-edged sword: it empowers defenders with advanced detection and response capabilities but also enables attackers to automate and scale their operations.

Regulatory landscape and industry response

Mandatory breach disclosure and transparency

Singapore's regulatory environment mandates transparency. All breaches reported in the Arctic Wolf study were disclosed, either due to government requirements or mandates from insurance providers. 

The Personal Data Protection Commission (PDPC) enforces strict breach notification requirements, compelling organisations to notify both regulators and affected individuals in the event of significant data leaks.

This regulatory rigour has fostered a culture of compliance and incident transparency, with 70% of businesses disclosing breaches due to legal requirements and 23% due to insurer or external mandates.

Related:  Hackers launch one malicious threat per minute

Industry collaboration and government initiatives

The Cyber Security Agency of Singapore (CSA) continues to drive national resilience through initiatives such as the Safer Cyberspace Masterplan and the Cybersecurity Labelling Scheme for Internet of Things (IoT) devices.

These efforts, in collaboration with industry partners, aim to strengthen the baseline security across various sectors. Valenzuela concedes that there are plenty of best practices, products, and technologies available to thwart modern cyber threats, but organisations need to know what they're defending against to create and carry out an effective resilience strategy.

Ismael Valenzuela

"For these companies to create that threat model or resiliency plan, they can work with a vendor like Arctic Wolf that will guide them through every step of their security journey, from foundational readiness to advanced threat response, providing the expertise and operational scale that many organisations struggle to sustain amid today's cybersecurity talent shortage." Ismael Valenzuela

The complexity of security stacks and the move to consolidation

Security stack complexity

Singaporean organisations spend an average of 20 hours per week managing cybersecurity toolsets, with over half of that time dedicated to responding to false positives and tuning systems. Fifty-seven per cent of respondents cite complex implementations and lack of efficacy as significant complexities in their security stacks. This operational burden is compounded by the proliferation of disparate security tools, leading to alert fatigue and potential oversight.

The case for platformisation

A growing trend is the consolidation of security solutions, known as platformisation. Valenzuela explains that platformisation, or the shift toward consolidated platforms in security, is becoming more prevalent in the security industry because organisations want to reduce the number of disparate tools and vendors they use, focusing on achieving better security outcomes rather than purchasing point-based solutions for every new threat that appears.

"At Arctic Wolf, we believe consolidation can be highly effective if done thoughtfully. Many enterprises are juggling dozens of point solutions, which not only strains resources but also leads to alert fatigue and missed threats." Ismael Valenzuela

He goes on to explain that consolidating areas like endpoint, network, and cloud monitoring into a unified detection and response framework can enhance visibility and coordination, making it easier to identify and contain threats.

He cautions, however, that not every part of the stack should be merged. "Critical functions such as identity and access management or specialised application security often require dedicated, best-of-their-kind tools that provide deep protection tailored to specific use cases," he elaborates.

"Attempting to consolidate these may lead to security gaps or reduced effectiveness. Ultimately, it's not about having fewer tools, but about having the right combination of technologies that work together," reckons Valenzuela.

Talent shortage and capacity building

The cybersecurity talent crunch

Only half of Singaporean organisations believe they have adequate security staffing, with 8% reporting that they have wholly or somewhat inadequate resources. The global shortage of cybersecurity professionals is acutely felt in Singapore, where competition between vendors and end-user organisations for talent is fierce.

Related:  IBM and NCS partner for quantum-safe readiness for enterprises in Singapore

Valenzuela believes that "as a security operations provider, Arctic Wolf can ease the strain on cybersecurity talent in local markets by acting as an in-house security team for enterprises of nearly any size.

"We also have a strong focus on developing partnerships with local universities, professional organisations, and continuing-education schools to create training programmes, grow local interest in cybersecurity, and ultimately hire from that pool of early-career cybersecurity staff," he continues.

Building local resilience

Arctic Wolf's presence in Singapore is designed to bolster regional resilience, offering AI-driven threat detection and 24×7 monitoring from one of the world's largest commercial Security Operations Centres. 

This model provides organisations with access to world-class expertise and technology, reducing the reliance on scarce local talent while supporting the development of the next generation of cybersecurity professionals.

Spending, outcomes, and the boardroom imperative

Despite security spending in the Asia-Pacific region reaching US$36 billion in 2024, cyberattacks have not abated. Boards and CFOs are increasingly questioning why vulnerabilities persist.

According to Valenzuela, cybersecurity isn't a problem that can be solved by augmenting a budget or throwing technology at it. Security operations should be an ongoing process to review existing defensive measures, assess what is being monitored, and identify any potential gaps that could leave organisations vulnerable to emerging threats.

"Cultivating a security-first culture, as well as an accurate threat model and understanding of what cyber threats are most dangerous to your organisation, is a constant exercise," says the vice president of Labs, Threat Research and Intelligence at Arctic Wolf.

The role of channels and customer choice

The channel ecosystem in Singapore is diverse, with some partners offering a supermarket-style array of competing solutions. Valenzuela acknowledges that channels that carry multiple competing cybersecurity solutions, and those solutions themselves, all share the same end goal: making cybersecurity more effective and easier to implement for their customers.

While he acknowledges that Aurora Endpoint Security is the vendor's endpoint solution, the company also recognises the importance of providing our customers and partners with the freedom to choose the tools they use.

He points out that the company is committed to supporting—and expanding—our existing integrations via our Aurora Platform, including integrations with over a dozen endpoint security vendors. "Ultimately, our focus is on delivering optimal security outcomes," concedes Valenzuela.

Conclusion

Singapore's cybersecurity landscape in 2025 is defined by rapid digitalisation, regulatory rigour, and a relentless threat environment. AI is both a risk and a remedy, while operational complexity and talent shortages persist.

The way forward lies in thoughtful consolidation, robust regulatory compliance, and a commitment to capacity building. As Singapore continues to lead as a digital and cybersecurity hub, collaboration between government, industry, and academia will be essential to sustaining resilience and trust in the digital economy.

Tags: Arctic WolfcybersecurityThe Game Plan
Allan Tan

Allan Tan

Allan is Group Editor-in-Chief for CXOCIETY writing for FutureIoT, FutureCIO and FutureCFO. He supports content marketing engagements for CXOCIETY clients, as well as moderates senior-level discussions and speaks at events. Previous Roles He served as Group Editor-in-Chief for Questex Asia concurrent to the Regional Content and Strategy Director role. He was the Director of Technology Practice at Hill+Knowlton in Hong Kong and Director of Client Services at EBA Communications. He also served as Marketing Director for Asia at Hitachi Data Systems and served as Country Sales Manager for HDS’ Philippines. Other sales roles include Encore Computer and First International Computer. He was a Senior Industry Analyst at Dataquest (Gartner Group) covering IT Professional Services for Asia-Pacific. He moved to Hong Kong as a Network Specialist and later MIS Manager at Imagineering/Tech Pacific. He holds a Bachelor of Science in Electronics and Communications Engineering degree and is a certified PICK programmer.

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