Digital Transformation

Most businesses struggle with and never fully complete their digital transformation (DX).According to research by Everest Group, 73% of businesses fail to generate any value from their digital transformation strategy.

Compliance and security are difficult to distinguish from one another. They can occasionally seem like a moving target.

At this month’s annual partner conference, Microsoft CEO Satya Nadella spoke about the digital imperative for every organisation.

The modern workplace is constantly evolving with the advent of new technologies. The use of digital communications has revolutionized the way we work by allowing us to connect with each other and our clients in ways never before possible.

Digital transformation (DX) is challenging enough for corporates with scale-appropriate budgets. The complexity of technology integration, the stakeholder hills to climb, and the constant push-pull between market-driven needs and operational stability make any digital transformation agenda exasperating.

A recent Microsoft study indicates that APAC experiences a higher-than-average encounter rate for malware and ransomware attacks – 1.6 and 1.7 times higher respectively than the rest of the world. Regional financial hubs Singapore and Hong Kong recorded the highest drive-by download attack volume in 2019, over 3 times the regional and global average.

Our increasingly digital world is opening up business opportunities like never before. With exponential growth comes an unprecedented transaction volume that inevitably opens up security risks. The Cyber Security Agency of Singapore (CSA) reports that attacks involving ransomware, malicious command &control servers and botnet drones have increased drastically, and phishing, website defacements and cybercrime continue to plague the region.

With Singapore’s extended circuit breaker in place, it may be the first time in many years that your business has had to close for an extended period. This has serious implications for many businesses, who need to manage lost revenue and decreased footfall in the face of still-rolling costs, and much more. For some businesses out there, this creates severe cashflow setbacks that could make or break the company.