Singapore

now browsing by tag

 
 

#deepweb | Stolen credit card data from Singapore banks worth more on Dark Web, Tech News & Top Stories

Source: National Cyber Security – Produced By Gregory Evans

Stolen credit card data from Singapore banks is valued higher on the Dark Web than that from other countries because of the robust cyber security measures protecting it and the difficulty in obtaining such data, according to new research from cyber security firm Group-IB.

The Singapore-based firm yesterday said that for cards from the United States, the average price for raw payment card data, which includes credit card number, expiration date, cardholder name and CVV number, is between US$8 (S$11) and US$10 on Dark Web shops.

Please subscribe or log in to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST’s best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content

Source link
——————————————————————————————————

The post #deepweb | <p> Stolen credit card data from Singapore banks worth more on Dark Web, Tech News & Top Stories <p> appeared first on National Cyber Security.

View full post on National Cyber Security

#nationalcybersecuritymonth | Singapore government pledges to improve data security with new measures

Source: National Cyber Security – Produced By Gregory Evans The Singapore government has pledged to adopt new measures to bolster its cybersecurity posture and improve the way it safeguards public data. The move comes after a series of security breaches involving agencies from the public sector, including one just this week, that compromised personal data […] View full post on AmIHackerProof.com

#cybersecurity | More women needed in cyber security to meet high industry demand: Sim Ann, Singapore News & Top Stories

Source: National Cyber Security – Produced By Gregory Evans

SINGAPORE – The Republic needs more women to take up positions in cyber security, a sector that is facing a shortfall of talent.

On Thursday (Oct 3), Senior Minister of State for Communications and Information Sim Ann said more women can be encouraged to join the cyber-security industry and thrive in it.

“Given the high demand for cyber security talent, it would be a pity to draw from only half the population,” she said, noting that estimates of the proportion of women in cyber security globally range from as low as 10 per cent to about 25 per cent.

“Effective strategies to tackle cyber security… must integrate the perspectives of all people – both men and women – so that the technologies deployed and the process implemented are practical and inclusive.”

In her opening address to audience members at the Women in Cyber event during the Singapore International Cyber Week (SICW), Ms Sim outlined three ways to get more women to join the cyber-security industry and thrive in it.

First, by engaging young people to raise awareness of the opportunities in cyber security. She said this is important as people often make career choices early in life.

One such initiative is the Singapore Cyber Youth Programme, which reaches out to secondary school-level students for boot camps and career mentoring sessions.

The other two ways are for women to constantly update and deepen their skills to take advantage of emerging trends in a fast-paced sector, and to have a strong community network, she added.

“Women support networks shed light on women role models who can inspire young aspiring professionals. They also serve as a comfortable launch pad for women to plug into broader industry and community networks,” Ms Sim said.

Ms Sim’s call for more women to join the industry follows a warning by the Cyber Security Agency of Singapore (CSA) in July that the industry potentially faces a shortage of up to 3,400 professionals by 2020.

Ms Alina Tan, 26, was among the many female cyber-security professionals in the audience for the Women in Cyber event.

Combining her twin interests in cyber security and car modifications led Ms Tan to specialise in automotive cyber security.

She started working in the Land Transport Authority’s Cyber Division last month, after spending about two years in cyber-security consulting.

“What I enjoy most about working in cyber security is that I’m always learning something new,” said Ms Tan, who in her free time organises weekly meet-ups for like-minded individuals in the local community to conduct their own research in car cyber security.

“I get a sense of satisfaction from discovering vulnerabilities in a system and then finding ways to secure it. You never know what you’re going to find in there and that’s very interesting for me.”

Held at Suntec City and Convention Centre from Oct 1 to Oct 3, SICW 2019 is the fourth edition of the annual event organised by CSA.

Source link

The post #cybersecurity | More women needed in cyber security to meet high industry demand: Sim Ann, Singapore News & Top Stories appeared first on National Cyber Security.

View full post on National Cyber Security

Infosec in the City – Singapore

General Cybersecurity Conference

 May 21 – 25, 2018 | Singapore

Cybersecurity Conference Description

Infosec in the City, Singapore (IIC-SG) will be featuring two conference tracks: a dedicated ‘High-Tech’ track — where speakers reveal cutting-edge techniques and more, and an ‘Education’ track where more speakers give insights on how to effectively enter the cybersecurity job market in their area of specialisation.

IIC-SG will also be featuring complimentary embedded short training courses at the event where conference attendees can take away a new skill or set of knowledge to kickstart or further develop their career. There will also be Career Guidance, featuring CV workshops and more.

In support of the local and regional community, free admittance will be granted to the first conference night event (24 May 2018) — ‘Singapore Community: Division Zero (Div0) Night’. Conference attendees will have even more content to enjoy.

Read More….

advertisement:

The post Infosec in the City – Singapore appeared first on National Cyber Security Ventures.

View full post on National Cyber Security Ventures

Singapore #passes new #Cybersecurity Bill: Here’s what you #need to #know before it comes into #force

Source: National Cyber Security News

The Singapore Parliament passed the much discussed Cybersecurity Bill (the Bill) on 5 February 2018 and it is anticipated that the new law will come into force soon.  The new law creates a regulatory framework for the monitoring and reporting of cybersecurity threats to essential services in Singapore through the appointment of the Commissioner of Cybersecurity.  It also creates a licensing regime that will require certain data security service providers in Singapore to be registered.

We set out below four key points that you should know about this new Bill.

1. Creation of a cybersecurity regulator

The Bill provides for the appointment of a Cybersecurity Commissioner (the “Commissioner”) as a regulator for the sector.

The Bill confers on the Commissioner significant powers to respond to, and prevent, cybersecurity incidents affecting Singapore. These powers include the powers of investigation such as the power to examine persons, require the production of evidence and to seize evidence. In addition, where satisfied that a cybersecurity threat meets a certain specified severity threshold, the Commissioner may require a person to carry out remedial measures or to cease certain activities.  These powers apply to all computer or computer systems in Singapore and are not limited to only Critical Information Infrastructure (CII) which is described in further detail below.

Read More….

advertisement:

View full post on National Cyber Security Ventures

CIFI APAC Singapore

Source: National Cyber Security – Produced By Gregory Evans

General Cybersecurity Conference

 March 7 – 8, 2018 | Singapore

Cybersecurity Conference Description

The Annual CIFI Security Summit takes place all over the world, Asia, Europe, Australia & North America. These summits are both conferences and exhibitions bringing together leading security experts from around the globe to discuss Cyber Intelligence, Digital Forensics, Cyber Security and Cyber Investigations.

Read More….

The post CIFI APAC Singapore appeared first on National Cyber Security Ventures.

View full post on National Cyber Security Ventures

Far-reaching #cyber-security #Bill not uncommon in other #countries, say #Singapore experts, #industry players

Source: National Cyber Security – Produced By Gregory Evans

Singapore is not alone in proposing a far-reaching Bill to beef up cyber security, said experts, even as it wins the support of stakeholders following a recently concluded public consultation on the issue.

Concerns about the Cyber Security Agency (CSA) of Singapore’s far-reaching powers had surfaced during the consultation. Firms must surrender any information requested when CSA investigates a suspected cyber attack, as its proposed Bill would take precedence over bank and privacy rules that prohibit data sharing.

Convinced that Singapore should not have it any other way, lawyer Gilbert Leong, senior partner at Dentons Rodyk & Davidson, said: “The far-reaching Bill is justifiable in the light of the potential damage from state-sponsored cyber espionage.”

CSA’s powers, like those of the police, are calibrated and are strictly meant to keep the lights on for essential services, Mr Leong said.

In announcing on Monday (Nov 13) its decision to keep most of its proposed ideas in the Bill, CSA responded to public feedback received during the consultation, and said the designation of a computer as critical information infrastructure would no longer be an official secret under the Official Secrets Act.

The proposed Bill, to be tabled for debate in Parliament next year, also mandates that owners of critical information infrastructure, such as those in banking, telecom and energy sectors, report security breaches and attacks “within hours”.

Similar mandatory data breach reporting requirements have been in place in the US, Europe, Japan, Australia and South Korea for years.

Mr Shlomo Kramer, founder and chief executive officer of Israeli cyber-security start-up Cato Networks, said Singapore is, in fact, playing “catch-up” with these nations in this respect.

“Such regulation will move the needle in a positive way and make organisations feel accountable,” said Mr Kramer, who also co-founded what was the first firewall solutions provider Check Point in 1993.

He spoke to The Straits Times three weeks ago when he was in Singapore to meet local cyber-services resellers ViewQwest and Quann.

Checks and balances – which are included in the proposed Bill – prevent the abuse of disclosed information, Mr Kramer noted. For instance, CSA officers may be held criminally liable if they are found to have misused the information.

Mr Bryce Boland, chief technology officer for Asia-Pacific at cyber-security firm FireEye, said laws are generally stronger in countries with a high dependence on technology. Thus, the far-reaching aspects of Singapore’s cyber-security Bill could be compared to similar laws in the United States and Britain, said Mr Boland.

Said lawyer Koh Chia Ling from law firm OC Queen Street: “The general global trend is that countries are enacting such laws and Singapore is essentially doing the same.”

Mr Jack Ow, technology partner at law firm RHTLaw Taylor Wessing, said Germany, the Czech Republic and China have similar cyber-security regimes. “The loss or compromise of such computers and computer systems could adversely affect national security or public health, safety and order,” said Mr Ow.

Technology lawyer Bryan Tan of Pinsent Masons MPillay said that debates are ongoing in the United States just like they have taken place in Singapore, arising from an ever-growing tension between security and privacy.

Referring to preserving privacy in the US, he added: “All bets are off when it comes to fighting terror or a national security issue – no one will compromise.”

Owners of critical information infrastructure said the Bill is necessary. They are waiting to work out implementation details with CSA and their sectors’ regulators.

A spokesman for telco Singtel said: “The risk of cyber-security breaches is growing, especially now as Singapore pursues its ambition to become a Smart Nation.”

An M1 spokesman said: “It is important that the powers under the Bill are exercised reasonably.”

Meanwhile, such stringent reporting requirements are not new to the banking sector.

Mr Patrick Chew, OCBC Bank’s head of operational risk management, said: “Under the Technology Risk Management Guidelines introduced in 2013, financial institutions in Singapore are already required to notify our regulator as soon as possible of any critical system failures arising from (technology) and cyber security incidents.”

The post Far-reaching #cyber-security #Bill not uncommon in other #countries, say #Singapore experts, #industry players appeared first on National Cyber Security Ventures.

View full post on National Cyber Security Ventures

Singapore #banks to face new #cybersecurity #regulations

Source: National Cyber Security – Produced By Gregory Evans

Singapore #banks to face new #cybersecurity #regulations

Ravi Menon, managing director of the city state’s central bank, the Monetary Authority of Singapore (MAS), reportedly told The Business Times that MAS will look to introduce new cyber rules in a bid to encourage greater adoption of online and digital banking.

According to The Business Times report, Menon said: “The use of technology is not going to take off if we have not successfully addressed the cybersecurity problem, and assured ourselves and Singaporeans that cyber risks are reasonably well mitigated. MAS has been raising the level of expected standards for cyber risk-management. We want to do some things through regulation, in terms of setting requirements for cyber.”

“Cyber risk is the least known risk of all the major risks facing banks. The models to track, manage and mitigate these risks are not as well developed as the models for the more traditional areas,” he said.

According to the report, there are more than 400 financial technology (fintech) companies now operating in Singapore, while 20 global banks and insurers have also established innovation labs within the country.

In June 2016, MAS announced plans to create a regulatory sandbox to support innovation in fintech. Under the scheme, financial services firms, technology companies and other “non-financial players” in Singapore have the chance to test new fintech products and services in an environment where some regulatory requirements are relaxed. The scheme is similar to others established by financial regulators around the world, including in the UK where the Financial Conduct Authority (FCA) pioneered the concept.

In March this year, MAS approved the first company to participate in its regulatory sandbox.

Menon said MAS has received more than 30 applications in total from businesses seeking to participate in sandbox testing, more than 80% of which have come from fintech startups, according to The Business Times report.

Menon admitted, however, that businesses have faced delays in winning approval from MAS for sandbox testing.

“One would have hoped we could have approved sandbox applications in weeks rather than months. But, we are learning ourselves – we’re in the sandbox, too,” Menon said, according to the report. “We are working out reduced requirements, looking at what are the requirements we can lift.”

The post Singapore #banks to face new #cybersecurity #regulations appeared first on National Cyber Security Ventures.

View full post on National Cyber Security Ventures

Licensed to hack: Singapore looks into registration scheme for ethical hackers

Source: National Cyber Security – Produced By Gregory Evans

thical hackers in Singapore could soon require a license to get their hands dirty, so to speak. The small Asian nation is currently requesting feedback on a proposed cybersecurity bill which will see ethical hackers having to obtain a license to do their work, and although it could seem quite…

The post Licensed to hack: Singapore looks into registration scheme for ethical hackers appeared first on National Cyber Security Ventures.

View full post on National Cyber Security Ventures

Singapore, Germany to work together in new areas such as cyber security: PM Lee

Source: National Cyber Security – Produced By Gregory Evans

Singapore and Germany will embark on new areas of cooperation including cyber security and financial technology, said Prime Minister Lee Hsien Loong on Thursday (July 6) before a meeting with German Chancellor Angela Merkel. Other areas in which the two countries could work together include industrial production in the age…

The post Singapore, Germany to work together in new areas such as cyber security: PM Lee appeared first on National Cyber Security Ventures.

View full post on National Cyber Security Ventures