Singapore has seen a 47% increase in the number of data investigations since 2017 handing out over one and a half million dollars in fines, affecting companies from almost every industry
A recent notification from the Personal Data Protection Commission (PDPC) of Singapore outlined a number of penalties incurred by six Singaporean companies for breaching the Personal Data Protection Act.
The past few years have seen many organisations embark on their digital transformation journey, with organisations looking to move their systems onto third platform technologies, such as mobile computing, social media, big data & analytics and the cloud.
I recently spoke on the topic of artificial intelligence’s (AI) role in the future of banking and financial services at a conference in Singapore that attracted stakeholders from many of the major banks.
The rising prominence of artificial intelligence (AI) in our conversations, the way we work and do business, protect communities against crime and even the way news is reported to us on television is unprecedented.
Although Singapore was ranked as the safest country in the world based on a report by the World Justice Project in 2018, cybersecurity breaches are increasingly threatening the safety of our digital world.
The underlying narrative of the 21st century has been underscored by technological advancements, whether it be in smartphones and tablets, the advent of social media, machine learning, and artificial intelligence, to name a few.
In the moments after a security breach is detected, moving quickly is incredibly important for Singapore businesses, especially now that the Personal Data Protection Commission (PDPC) plans to revise the Personal Data Protection Act (PDPA) to require companies to notify it of breaches within 72 hours.
Rapid technology innovation in Singapore has made digital disruption the new normal as once safe, stable, and secure industries begin to fully acknowledge the scale, speed, breadth and depth of digital transformation.
Small to medium sized enterprises (SMEs) are the lifeblood of all economies across Asia Pacific, however, technological disruption of industries and the need to innovate and change business models are key challenges that need to be addressed.
With the global increase in data breaches, like the biggest data fiasco of Facebook and locally the massive cyber attack on SingHealth’s database, the simple question of “Where is my data?” now requires answers that derive from the complex universe of data governance.
In Singapore in particular, the most serious breach of personal data, where 1.5 million SingHealth patients’ records were compromised, prompted the government to beef up its cyber defences whilst it continues with digital transformation as part of the Smart Nation initiative.
When the internal network of a local commodities trading firm was hit by a Distributed Denial of Service (DDoS) attack in early 2018, the network's performance dropped for several hours and lost millions in daily revenue due to the network performance issue as daily trades came to a standstill.
The recently announced Payment Services Act by the Singapore government seeks to address the balance between supporting the shift to a cashless society, enabling technology companies to run fast and develop innovative new solutions, whilst at the same time protecting the public.