Singapore the top nation in the expanse to apply two-factor verification solutions: ESET Study

SINGAPORE, September 13: ESET, creator of prize-gaining cybersecurity software, unveiled data from the ESET 2017 SMBs study revealing that SMBs in Singapore were most expected to have accepted two-factor authentication (2FA) safety solutions. 

Over one-third (42%) of those who participated in the study in Singapore have embraced 2FA solutions, the utmost rate among nations reviewed in Asia Pacific comprising Hong Kong, Japan, India as well as Thailand. Additionally, Singapore had the least amount of businesses (40%) affected by cyber violations because of 2FA, signifying that the accomplishment of 2FA might have been comparatively useful.

The enthusiasm of Singapore SMBs to embrace 2FA could be credited to the nation’s tough cybersecurity infrastructure. A great preponderance of Singapore SMBs (81%) showed that they have a devoted IT team, which stands for businesses' importance on spending in and devoting assets to IT. Nevertheless, there is still a lot to be achieved in Singapore SMBs with 54% being affected by cyber violations within the preceding three years, which cost them a normal of US$36,690 per contravention.

"Given the evolving threat landscape, businesses should understand the importance of multiple layers of security to protect their confidential data," stated Parvinder Walia, Sales and Marketing Director for Asia Pacific and Japan, ESET, adding, "It is heartening to see that Singapore is taking strides towards 2FA adoption and strengthening its cybersecurity framework as it advances towards becoming a Smart Nation where almost everything will be connected."

The newest results from ESET reflect the statistics on the general opinions and actions around cybersecurity for the expanse. Businesses in the expanse seem to be increasing attempts in the battle against cybercrime given that a preponderance of companies, regardless of size or market region, reported using cyber safety solutions for example antivirus software as well as firewalls.  

The study questioned 1,500 respondents with 300 respondents from small and medium companies in each of the following markets: Singapore, Hong Kong, India, Thailand as well as Japan. The aim of the study was to get a superior knowledge of the awareness and actions linked to cybersecurity of small and medium-sized companies in the expanse. Specifically, it made an effort to reveal what high-level business executives and IT experts in Asia Pacific considered about topics for example the significance of cybersecurity to business action, the accessible strategies as well as techniques they had in position, and their views on the requirement for sophisticated cybersecurity expertise for example 2FA and encryption.


For 30 years, ESET® has been evolving industry-leading IT safety software and facilities for trades and customers globally. With solutions varying from endpoint and mobile safety, to encryption and two-factor verification, ESET's high-performing, effortless-to-utilize creations provide clients and businesses the calm of mind to relish the entire capability of their expertise. 

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