9,080 cases handled by CSA’s SingCERT in 2020, marking second consecutive year of increase. The Cyber Security Agency of Singapore (CSA) released its Singapore Cyber Landscape (SCL) 2020 publication today, revealing an increase in cyber threats such as ransomware and online scams in 2020. CSA’s SingCERT (Singapore Computer Emergency Response…
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Emerging risks monitor report reveals ESG disclosures increasingly top of mind for executives in Q2 2021. Regulatory risk related to environmental, social and governance (ESG) disclosures has rapidly risen to the second overall position in Gartner, Inc.’s latest Emerging Risks Monitor Report. ESG regulatory requirements present organizations with both notable risks…
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David Koh chief executive at Cyber Security Agency Of Singapore gives a speech on the topic. COVID-19 which has affected us all significantly. However my proposition is that COVID-19 has not changed the fundamental challenges and dilemmas faced by the cyber community. It has not created a new situation. It…
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Vulnerabilities affected four TCP/IP network stacks in medical devices The Health Sciences Authority (HSA) in April 2021 discovered a suite of cybersecurity vulnerabilities called “NAME:WRECK”. These vulnerabilities are related to Domain Name System (DNS) implementations and are found to affect the following four TCP/IP network stacks: FreeBSD version 12.1 Nucleus…
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Average total cost of a data breach increased by nearly 10 per cent year over year. Data breaches now cost surveyed companies USUS$4.24 million per incident on average – the highest cost in the 17-year history of IBM’s annual Cost of a Data Breach Report. Based on in-depth analysis of real-world data…
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By Loo Siew Yee assistant MD (Policy, Payments & Financial Crime) at MAS. Technology can be a powerful enabler in the fight against money laundering. The right solutions support financial institutions, and I will refer to them as FIs, to more sharply and quickly detect higher risk customers and activities,…
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Four of the most targeted vulnerabilities in 2020 involved remote work. The US Cybersecurity and Infrastructure Security Agency (CISA), Australian Cyber Security Centre (ACSC), United Kingdom’s National Cyber Security Centre (NCSC) and Federal Bureau of Investigation (FBI) released a joint cybersecurity advisory highlighting the top Common Vulnerabilities and Exposures (CVEs) routinely…
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Has started reaching out to affected customers. StarHub has found that a third-party data dump website, an illegally uploaded file, containing limited types of personal information related to certain individual customers. The hack was discovered during a proactive online surveillance, its cybersecurity team discovered, the personal data appears to be…
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Raising organisational risk Audit organisations should improve their visibility into change but they should also strive to deploy audit resources faster a February 2021 survey of 200 audit business partners by analyst firm Gartner revealed, that over half (56 per cent) of respondents said they were facing more changes in…
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An average organisation is targeted by over 700 social engineering attacks each year. When it came to business email compromise attacks (BEC), a whopping 77 per cent of attacks target professionals outside of finance and executive roles, including personnel working in roles like sales (19 per cent), project management (10…
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