Singpass is the national digital identity, providing a convenient and secure platform for users. All Government agencies will accept the Digital Identity Card (IC) on the Singpass app as an alternative means to prove an individual’s identity for in-person agency services. This marks a significant milestone for Smart Nation, in…
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Digital cross-border trade trials completed. The Ministry of Communications and Information (MCI) and Infocomm Media Development Authority (IMDA) announced four new MOUs and early achievements of Phase 1 Projects from the Singapore-China (Shenzhen) Smart City Initiative (SCI). The meeting reaffirms Singapore and Shenzhen’s commitment to develop digital connectivity and test policy…
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Continued rise in security breach incidents at enterprises. The total addressable market size of enterprise security in Singapore, in terms of spending opportunity, is poised to reach about US$2.2bn in 2025, mainly led by the huge demand for managed security services, identity & access management and endpoint security platforms, says…
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Choosing flexible recruiting solutions. With its highly educated and multiskilled workforce, world-class infrastructure, and strategic location in the Asia-Pacific region, such is Singapore’s potential as a tech talent ecosystem that the nation has acquired the moniker ‘Silicon Valley of Asia’. The past year has been marked by an influx of…
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Embracing secure access service edge (SASE) technologies to overcome work-from-home challenges. Singapore companies are struggling to repel network attacks, falling victim to dangerous ransomware assaults, and having to deal with deadly consequences, according to a new report from Barracuda, a trusted partner and leading provider of cloud-enabled security solutions. Taking in 750 global…
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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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Reducing the cost and inefficiencies of remittances between the two countries. The Monetary Authority of Singapore (MAS) and the Reserve Bank of India today announced plans to link Singapore’s PayNow and India’s Unified Payments Interface (UPI) real-time payment systems by July 2022. The PayNow-UPI linkage will enable users to make…
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Growing businesses focus on technology strategy and recruitment. Singaporean businesses were more likely to adopt technologies and develop a long-term technology strategy than their Asian region counterparts in the past 12 months, according to a survey by one of the world’s largest professional accounting bodies, CPA Australia. CPA Australia surveyed 725 professionals…
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Heng Swee Keat, Deputy Prime Minister and Coordinating Minister for Economic Policies talks up fintech. Some analysts are projecting the revenue of FinTech companies tripling in the next 5 years, to around $US240 billion by 2026. In the first half of this year, the sector attracted a record $US98 billion,…
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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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