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Cybersecurity


The Cyber Security Agency of Singapore (CSA) released its Singapore Cyber Landscape (SCL) 2020 publication today, revealing an increase in cyber threats such as ransomware and online scams in 2020. CSA’s SingCERT (Singapore Computer Emergency Response Team) handled a total of 9,080 cases in 2020, marking the second consecutive year of increase, compared to 8,491 …

Cybercrime is globally disruptive and economically damaging, causing trillions of dollars in financial losses and operational impacts to individual and business victims. It threatens national security and diminishes trust in the digital economy and the Internet. Additionally, APAC continues to experience a higher-than-average encounter rate for malware and ransomware attacks – 1.6 and 1.7 times higher respectively …

The Monetary Authority of Singapore (MAS) issued revised Technology Risk Management Guidelines (578.7 KB) (Guidelines) to keep pace with emerging technologies and shifts in the cyber threat landscape. The revised Guidelines focus on addressing technology and cyber risks in an environment of growing use by financial institutions (FIs) of cloud technologies, application programming interfaces, and rapid …

The fifth edition of the Singapore International Cyber Week (SICW), the region’s most established cybersecurity event, successfully concluded with more than 6,000 participants from across 60 countries. This was Singapore’s first hybrid MICE event held in a physical-virtual format at the Sands Expo & Convention Centre from 5 to 9 October 2020. Organised by the …

router

The Infocomm Media Development Authority (“IMDA”) published enhanced security requirements for new home routers sold in Singapore. The finalised Technical Specifications for Residential Gateways (“RG”), commonly known as home routers, take into account feedback from the public and industry, following an earlier consultation exercise. The Technical Specifications will come into effect in six months, on 13 April 2021. Home routers …

Deputy Prime Minister Heng Swee Keat announced Singapore’s Safer Cyberspace Masterplan 2020 at the opening ceremony of the virtual Singapore International Cyber Week. Building on the 2016 Singapore Cybersecurity Strategy[1], the Masterplan outlines a blueprint for the creation of a safer and more secure cyberspace in Singapore. Developed in consultation with industry and academic partners, it …

Singapore and Australia have renewed the 2017 Memorandum of Understanding (MOU) on cybersecurity cooperation, to further strengthen and expand cooperation and information sharing. The MOU was signed by Mr David Koh, Chief Executive, Cyber Security Agency of Singapore, and Dr Tobias Feakin, Ambassador for Cyber Affairs and Critical Technology, Department of Foreign Affairs and Trade, …

Singapore Exchange Regulation (SGX RegCo) is making its surveillance and regulation of the securities market more targeted and effective with the application of artificial intelligence (AI) enhancements to its real-time monitoring system. The introduction of AI can help to better isolate unusual activity, by learning from historical trading patterns and filtering out noise caused by …

When you flip a coin, you’re used to thinking about the outcome in terms of heads or tails. But have a chat over coffee with a quantum physicist and you’ll probably come away convinced that a third scenario is possible—that heads and tails can occur at the same time; it happens while the coin is …

Singapore and the Republic of Korea have signed a Memorandum of Understanding (MOU) to enhance cooperation and information sharing on cybersecurity. The MOU was signed by Mr David Koh, Chief Executive, Cyber Security Agency of Singapore (CSA) and Mr Kim Seok-hwan, President, Korea Internet and Security Agency (KISA), and was exchanged by Singapore’s Ambassador to …