For an optimal site experience, we recommend using a different browser.
Using Internet Explorer may prevent you from accessing, and some site features may not function as expected.

skip to main content
Singapore SME Cyber Preparedness Report 2019

The second annual Chubb SME Cyber Preparedness Report - ‘Ignorance is Risk’, revealed that Small and Medium enterprises (SMEs) in Singapore remain unprepared to deal with potential consequences of cyber risks, despite the rising threats. Nearly two-thirds (65%) of SMEs reported experiencing a cyber incident in the past 12 months. Worryingly, more than half (54%) of the incidents were caused by a risk SME leaders had already identified, thus showing a clear gap between perceived and actual preparedness.

The report also examined the common types of cyber breaches, concerns among SMEs post-breach, as well as the incident response plans. 

Key Findings

a drawing of a person


53% of the cyber incidents suffered in the past 12 months were caused by employees.


The most commonly breached data files were email traffic of the senior team. 

a close up of a logo
Key concerns after a cyber incident:
  • relationship with customers (55%)
  • revenue and sales (51%)
  • public reputation (49%)
  • cost of the incident (from 46%).  
a close up of a device
60% of SME leaders believe insurance has a role to play in protecting against cyber risk, but only 34% of SMEs are currently insured.

Have a question or need more information?

Contact us to find out how we can help you get covered against potential risks