Five years from now, cybersecurity will face greater challenges and even higher risks. Currently, the global cybersecurity penetration testing market is worth $4.1 billion, and experts predict it will increase at a strong annual rate of 13.1% until 2033, due to more challenging cyber attacks, broader cloud use, and stronger data privacy rules. Commonly seen in Singapore but happening elsewhere in the Asia-Pacific region as well is a strong increase in the need for advanced testing like CREST penetration testing due to government support, increased digitalization, and the Smart Nation goal.

Data protection and security of their infrastructure are increasingly difficult tasks for Singapore’s public and private sectors. The introduction of CREST in Singapore with the Cyber Security Agency and the Association of Information Security Professionals opens the door to establishing regular, accepted standards for penetration testing worldwide. The timing for Meta’s move is right, considering the market for Penetration Testing as-a-Service (PTaaS) is predicted to reach $2.33 billion by 2025, at a rate of 22.1% CAGR growth. The risk is significant – any data breach can cost Singaporean companies many millions in actual losses and cost them valued clients.

Since then, CREST has made penetration testing the leading method for companies looking for thorough, ethical, and strong security checks. Qualysec Technologies is here to explain what penetration testing through CREST is, outline its approach, and highlight why it matters to Singaporean businesses in the coming years.

Resource: https://qualysec.com/crest-penetration-testing/ 

https://qualysec.com/top-8-cybersecurity-companies-in-singapore/