cybersecurity

Singapore sees 40% drop in scam losses

Across Asia, total scam losses amounted to US$688.42b.

Singapore sees 40% drop in scam losses

Across Asia, total scam losses amounted to US$688.42b.

MAS, ABS hold exercise to bolster finance sector's operational resilience

Participants simulated various scenarios like cyberattacks to test their response capabilities.

CISOs struggle to keep up with cybercriminals

More than half of security leaders cannot detect data breaches.

ValueMax Group hit by malware attack

The company will conduct a review of the incident and its IT systems.

Bukit Sembawang Estates warns of compromised data in recent cybersecurity breach

The company has implemented measures to boost its cybersecurity.

Deepfake fraud concerns prompt calls for better bank safeguards

Six in 10 consumers seek more robust cybersecurity measures from their banks

Singapore police to launch new vocation vs. cybercrime

New programmes encouraging public participation will also be introduced.

Staying agile: Navigating the evolving cybersecurity landscape in Singapore

All throughout the year, scams continued to rank high on Singapore’s list of major concerns. In 2023, there were several reports of phones being hacked and people losing their hard-earned savings. 

Jumbo Group hit by ransomware attack

The company plans to boost cybersecurity post-incident.

9 of 10 companies made ransomware payments in 2023: ExtraHop

The average cost of ransomware payments was $4.49m (US$3.3m) per company last year.

Singapore SMEs’ cyber risk awareness declines: report

Fewer SMEs were affected by cyber events this year.

Over 100 domains linked to piracy shut down

Illegal streaming sites raise scam risk by 3.5 times.

Only 1% of Singapore firms are fully prepared for cyber threats

Six in 10, however, have achieved a "formative" level of cybersecurity readiness.

Five key practices to boost cybersecurity

More than 60% of firms have yet to achieve a high level of cybersecurity readiness.