Singapore banks must provide a self-service kill switch that enables consumers to suspend their accounts in a suspected breach and beef up their fraud surveillance systems, as part of new security measures to safeguard against increasing online scams.
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Digital Trust Centre will provide a sandbox for businesses to test trust technologies that address challenges with data-sharing as well as train 100 research and development experts in digital trust.
Chinese officials describe the Indo-Pacific Economic Framework, which has 12 participating Asia-Pacific nations, as the US government's attempts to "contain" China as well as create divisions, arguing that the initiative ultimately will fail.
Acknowledging that 2021 was a tough year, SolarWinds CEO says it has bolstered its build model and expanded its systems monitoring capabilities so customers can better manage the complexities of hybrid cloud environments.
Manufacturers and developers will be able to test and certify their products at the new SG$19.5 million ($13.99 million) facility, which is launched by Cyber Security Agency of Singapore and Nanyang Technological University.
Some 65% of organisations in Singapore have experienced at least six cybersecurity incidents in the past year, but just 49% are able to respond to threats within a day, compared to an average of 70% across 11 global markets.
Assessing e-commerce marketplaces based on their anti-scam measures, the scheme gives Facebook Marketplace the lowest rating while Lazada and Amazon are amongst those that received the highest.
While they have shared more personal data now than they did two years ago, 50% of consumers in Singapore and Australia will stop using services from companies that suffer a security breach, higher than the global average of 43%.
Vendors providing penetration testing as well as managed SOC monitoring services have up to six months until October to apply for a licence from Singapore's Cyber Security Authority, or cease the provision of such services.
Cybersecurity vendor inks partnership with Singapore's Autism Resource Centre to roll out an employment programme designed for individuals on the autism spectrum, catering to their cognitive strengths.