Files on the Accellion FTA system were accessed illegally during the breach and which stakeholders have been impacted. Singtel has completed its initial investigations into a recent breach on a third-party file sharing system and has begun reaching out to affected stakeholders. Based on investigations and analysis conducted so far…
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Lloyd’s and reinsurance broker Guy Carpenter finds vulnerabilities for industrial and manufacturing businesses. As cyber threats continue to evolve and become more sophisticated, it is crucial for insurers to understand these emerging risks in order to keep pace with their clients’ exposures. The recently released report, The Emerging Cyber Threat to…
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Asia-Pacific region accounted for 25 per cent of all cyber attacks Cyberattacks evolved in 2020 as threat actors sought to profit from the unprecedented socioeconomic, business, and political challenges brought on by the COVID-19 pandemic. In the recently released report, IBM Security X-Force 2020 found attackers pivoting to businesses that…
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The need to integrate security into business and IT systems comes as a top-level priority. Japanese telecommunications company, NTT has completed its first Microsoft Security Project for a cellular operator in Indonesia. The engagement with NTT includes consulting, implementation, and managed services to enhance the client’s data security and privacy…
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Hires Singapore-based CISO for Digital Ventures. Media outlets have reported that Standard Chartered has hired Jerome Walter as its Singapore-based chief information security officer (CISO) for digital ventures. According to various reports Walter unit, SC Ventures, provides a platform for the bank to promote innovation, invest in disruptive financial technology and…
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Changing landscape of trust was set against a backdrop of global economic uncertainty. Over the course of 2020, organisations had to trust their employees to work from home, and consumers had to trust businesses with their information amidst a huge spike in online threats, states a recently released report by…
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Monetary Authority of Singapore states there’s an analytical approach to assess and monitor cyber risk to the financial sector Cyber risk is an emerging source of systemic risk in the financial sector, and possibly a macro-critical risk too. It’s therefore important to integrate it into financial sector surveillance. According to…
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Health organisations have accelerated their cloud adoption because of the pandemic. Global healthcare organisations (HCOs) have accelerated their spending on cloud migration, but many may be over-estimating their ability to protect these environments. According to a survey by Sapio Research, commissioned by Trend Micro about 2,500 IT decision makers in…
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Accellion’s file sharing system called FTA has been illegally attacked. Singaporean multinational telecommunications conglomerate Singtel has been informed by its third-party vendor Accellion that it has suffered a cyber attack. According to Singtel, Accellion’s file sharing system called FTA has been illegally attacked by unidentified hackers. This is a standalone…
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Australian bank implements technology to stop against abusive messages sent via payment transactions Westpac has taken measures to make digital banking safer for customers, including giving customers the ability to report abusive messages via online and mobile banking, and blocking inappropriate language from outgoing payments. The changes have been introduced…
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