With 42.8 million cyber-attacks recorded in 2014, Cybercrime is becoming the key security issue facing companies. Initially, antiviruses were the main weapon of defense and hacking was unheard of. Businesses today are increasingly networked and vulnerable to cyber-attacks. Spire’s CEO Leon Perera delivered the keynote address to a cyber-security event co-organized by Juniper Networks and LGA Telecom to discuss cyber risks and how to mitigate them. Leon Perera, Chief Executive Officer (CEO) of Spire Research and Consulting group, was privileged to deliver the keynote speech at the Executive Breakfast event organized by Juniper Networks and LGA Telecom Pte Ltd on 22 July 2015 in Singapore. In his presentation, he shared a brief overview on cybercrime and strategies businesses should adopt to mitigate risks. Perera mentioned that, cyber-threats can cause financial and reputational damages as well as shake employee confidence for a company. Significant cyber risks include Data