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A cyber-attack is a real possibility. Cyber-attacks have increased dramatically in the last year, particularly with remote working due to the COVID-19 epidemic. The Cyber Security Agency of Singapore released its 2020 report on July 8, 2021, reporting a 154% increase in recorded ransomware attacks – a total of 89 cases compared to 35 in
Upholding Privacy by Design principles Privacy by Design is a framework that focuses on incorporating privacy into the Design and operation of IT systems, networked infrastructure, and business activities from the beginning of the project. It is an approach applied when creating new systems and technologies. With this, privacy is incorporated into the technology and
The Monetary Authority of Singapore (MAS) is establishing a framework for equitable sharing of scam losses or for the distribution of damages from scams among consumers and financial institutions. The regulator also stated on February 4, 2022, that it is working with the banking industry on “longer-term measures” to improve digital banking security. Legal experts
Protecting your business against cyberattacks With cybercrime accounting for 43 percent of overall crime in Singapore in 2020, protecting personal data has become a top priority for businesses across industries. From phishing to data breaches and ransomware attacks, individuals, ICT personnel, and companies must remain vigilant and informed on guarding against such crimes. To help