Country passes amendments to Act that will see a new digital intelligence unit--including a digital chief--formally established as part of the armed forces, a step the government says is necessary as "cyber intrusions" intensify and threaten critical systems.
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Average cost of a data security breach has hit another record-high of $4.35 million and 60% of businesses have opted to increase the price of their products and services to buffer the loss incurred, reveals IBM's 2022 research.
Twitter and Facebook are amongst five technology giants that have agreed to self-regulate and adhere to the Aotearoa New Zealand Code of Practice for Online Safety and Harms, in a move one industry critic describes as an attempt to preempt regulation and nothing more than "window dressing".
Chinese ride-sharing operator has been ordered to pay 8 billion yuan ($1.18 billion) over 16 illegal practices, including the collection of 107 million pieces of passengers' biometric data.
Tapping open source does not make in-house applications any less secure, but enterprises will need to navigate the complexities of managing such environments so they can quickly respond to new vulnerabilities.
Singapore reiterates the need to safeguard operational technology systems and is looking to expand its cybersecurity labelling scheme to include medical devices that handle sensitive data and connect with other systems.
Details of the enforcement framework that will instruct social media platforms to disable access to "harmful" content will be revealed "in due course", says the Singapore government in several parliamentary responses this week that also cover digital banking service disruptions and cybersecurity measures.
Businesses in China should brace themselves for a potential wave of smishing attacks and identity theft, after hackers claiming to have the personal data of 1 billion residents in the country put the information up for sale online.
Singapore government says it is exploring the possibility of implementing additional rules to safeguard consumer interests, pointing to potential restrictions on retail participation and cryptocurrency transactions.
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.