Cybersecurity: a strategic investment in a dangerous, uncertain world

[SINGAPORE] As digital transformation accelerates, the need for cybersecurity has become more critical than ever. The rise of cloud-based services, advanced technologies such as generative artificial intelligence (GenAI), and intensifying geopolitical tensions have all contributed to a more complex and dangerous threat environment.

Data from Check Point Research shows that the global average number of weekly cyberattacks per organisation has more than doubled from 818 in the second quarter of 2021 to 1,984 in Q2 2025. Data breaches have also become more costly, with the average cost climbing 26 per cent from US$3.9 million in 2020 to US$4.9 million in 2024.

As threats intensify, businesses and governments are stepping up their cybersecurity spending. According to Grand View Research, the global cybersecurity market is projected to grow from US$245.6 billion in 2024 to US$500.7 billion by 2030, at a compound annual growth rate (CAGR) of 12.6 per cent.