Banking and telecommunication systems not compromised. The Infocomm Media Development Authority (IMDA), Monetary Authority of Singapore (MAS), and Singapore Police Force (SPF) said that malicious actors overseas had diverted and used SMS one-time passwords (OTPs) to perform fraudulent credit card transactions affecting 75 bank customers in Singapore. These transactions, amounting…
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Providing leading mental health researchers with secure access to anonymised. Lifeline supports people in their toughest moments. With its crisis support line taking a call every 30 seconds, it strives to ensure that no-one faces their most difficult times alone. The Australian non-profit service provides round-the-clock access to trained volunteers…
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Increasing cybercrime sophistication and a boom in monetization and hacking tools. There has been a significant increase in the frequency and sophistication of cybercrime activity, including a 65 per cent rise in the use of hacking tools downloaded from underground forums and filesharing websites from H2 2020 to H1 2021.…
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Strong performance for the security appliance market. Another strong performance for the security appliance market in Q2 2021, fueled by double-digit growth in the UTM market and APAC region. According to the International Data Corporation (IDC) Worldwide Quarterly Security Appliance Tracker, vendor revenue in the overall security appliance market grew 12.2…
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Expected to maintain its strong growth momentum. Frost & Sullivan’s recent analysis of the Asia-Pacific (APAC) network security (NWS) market finds that the increasing acceptance of remote work and adoption of cloud, the remote workplace, collaboration, and security are driving growth. The emergency adoption of remote work due to the pandemic has led…
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Recent milder DDoS cyber compared to 2020. A recent cyberattack – which affected ANZ, Kiwibank, NZ Post, and possibly MetService – were distributed denial of service (DDoS) attacks. Such attacks were unsophisticated and the effect appears limited, according to a number of media sources. These attacks were milder compared to…
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Complex challenges faced in securing networks and systems for remote workers in the post-pandemic era. A new poll by MIT Technology Review Insights, in association with Palo Alto Networks, uncovers the complex challenges Asia-Pacific companies face in securing networks and systems for remote workers in the post-pandemic era. In this new cybersecurity landscape, conducting…
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Secretary for Innovation and Technology, Alfred Sit discusses the the Data Security Law of the PRC. The Hong Kong Government has formulated a set of comprehensive government information security incident response mechanism and related measures. Established by the Security Bureau, the Security Regulations include dedicated chapters governing information security for…
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Accelerated digitalisation, cloud migration, security transformation, and cyber-attacks driving the spend. Investment in security-related products and services to grow at a robust rate of 14.1 per cent (CAGR) over the forecast period (2020-25) and reach USD 39 billion by 2025. According to the latest (IDC) Worldwide Semiannual Security Spending Guide,…
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New vulnerability rewards programme by the Singapore Government. The Government Technology Agency (GovTech) has launched a new Vulnerability Rewards Programme (VRP) to augment the existing Government Bug Bounty Programme (GBBP) and Vulnerability Disclosure Programme (VDP). Together, the three crowdsourced vulnerability discovery programmes supplement GovTech’s suite of cybersecurity capabilities to safeguard…
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