By the end of 2024, approximately 35.9 billion records will have been breached in 9,478 public incidents. The IT services and software sector had the highest number of breaches. The average global cost of a data breach will be around $4.88 million, up 10% from the previous year. The healthcare sector experienced the highest breach cost, averaging $9.77 million. The average time it takes to identify a data breach is 194 days, with human error contributing to 88% of breaches.
Malware scams cost Singaporeans S$625,000 since December 2024
Since December 2024, Singaporean authorities have received reports of 82 malware scams, with victims losing over S$625,000. The scams involved fraudulent ads for travel and
