Microsoft has opened two facilities in Singapore to allow governments in Asia-Pacific to check its source code as well as provide access to its cybersecurity resources. The launch of its integrated Transparency Centre and Cybersecurity Centre would offer the public and private sectors access to the vendor's security professionals and technologies, including machine learning threat intelligence analytics. Microsoft operates three other regional Transparency Centre in the US, Belgium, and more recently, Beijing, China, all of which allow participating government bodies in their respective region to review the source code of all Microsoft products. Offered under the vendor's government security programme, these agencies also have access to data on cybersecurity risks and its security specialists. According to Microsoft, some 40 countries and global organisations currently are part of the programme, including 10 from the Asia-Pacific region.
This ebook, based on the latest ZDNet/TechRepublic special feature, offers a detailed look at how to build risk management policies to protect your critical digital assets. Cybercriminals who use the'anonymity' of the dark web to carry out illegal activities ranging from hacking and malware distribution to selling drugs, firearms, and people, face a crackdown as part of plans to bolster law enforcement's ability to take the fight to crooks who use underground forums. The Home Office says that only 30 percent of UK police forces currently have the minimum capabilities required to investigate and pursue cybercriminals. In order to aid the fight against crime on the dark web, the government has announced that a £9m fund is being made available to specialist law enforcement units who deal with cybercrime and dark web activity. UK home secretary Amber Rudd is set to announce the funding during a speech at CYBERUK, the National Cyber Security Centre's conference in Manchester.
All businesses must step up their investment in cybersecurity, which is currently inadequate in several industry sectors, and countries need to do better in prosecuting cybercriminals, the majority of which are getting away scot-free. While some industries traditionally had higher impetus to invest in cybersecurity, such as banking and financial institutions, other organisations also would face high risks as they moved to digitise their systems and processes. Speaking at the Financial Times' Cyber Security Summit held in Singapore Wednesday, Minister for Communications and Information Yaacob Ibrahim said cybersecurity should not be seen as a cost, but as an investment to manage risk. Weak cyber defences suffering from underinvestment could be breached more easily, leading to disruption of business activities and significant losses," said Yaacob, who is also Minister-in-Charge of Cyber Security. He referred to the 2015 cyberattack on French television network, TV5Monde, which disrupted its broadcasts and social media platforms.
Singapore is setting up a panel comprising global experts to offer advice on safeguarding its operational technology (OT) systems and has unveiled the country's latest cybersecurity blueprint, focusing on digital infrastructures and cyber activities. It also is hoping to rope in other Asean nations to recognise a Cybersecurity Labelling Scheme (CLS) that rates the level of security for smart devices, such as home routers and smart home hubs. Singapore's latest cybersecurity masterplan builds on its 2016 cybersecurity strategy and looks to boost the "general level of cybersecurity" for its population and businesses. It focuses on the need to secure the country's core digital infrastructure and cyberspace activities, as well as drive the adoption of cyber hygiene practices amongst its connected citizens. Caught by the sudden onslaught of COVID-19, most businesses lacked or had inadequate security systems in place to support remote work and now have to deal with a new reality that includes a much wider attack surface and less secured user devices.
Caught by the sudden onslaught of COVID-19, most businesses lack or have inadequate security systems in place to support remote work and now have to deal with a new reality that includes a much wider attack surface and less secured user devices. Many also have had to adapt and adopt digital tools quickly, taking on new technology that may not be adequately secured. Already, 21% of organisations in Singapore revealed they had seen an increase in attacks on their IT systems due to the pandemic, according to a HackerOne report released this week. Some 58% of these businesses believed they were more likely to encounter a data breach as a result of the global pandemic, found the survey, which polled 200 respondents in the city-state. Conducted by Opinion Matters in July 2020, the HackerOne study polled 1,400 security professionals in Singapore, Australia, France, Germany, Canada, the UK, and the US.