cybersecurity

New programmes encouraging public participation will also be introduced.

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. 

The company plans to boost cybersecurity post-incident.

Only half are confident they could detect a deepfake of their CEO.

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

Fewer SMEs were affected by cyber events this year.

Illegal streaming sites raise scam risk by 3.5 times.

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

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

This was the first time amendments to the cybersecurity law were proposed.

As a partner, NTT made a  $13.5m investment for nurturing talent.

The government tasked Singtel to develop the first QSN by mid-2024.

They believe AI will help in the early detection of potential cyber threats.

Singaporeans are concerned about the rise in online scams.

In support, SG will extend its $30m cyber capacity-building commitment to 2026.

The parties will facilitate cyber threat intelligence sharing amongst others.