Singapore cybersecurity

50% of respondents say that the financial impact of these attack were at least $677,060.

Cyber threat actors are constantly adapting to the changing security landscape as they upgrade their tools and amplify their strategies in exploiting network vulnerabilities. With the implementation of remote work, businesses of all sizes have been the target of cybercriminals during the COVID-19 pandemic. Employees connecting to corporate resources from often poorly secured home networks and devices served as an entry point for ransomware attacks and various social engineering techniques such as phishing and CEO fraud target this weakness.

And travel agencies in Singapore expect more queries for Germany travel.

And Marina Bay Sands casino reopens after 2-week closure.

Flexxon CEO Camellia Chan talks about the hurdles faced by smaller businesses when it comes to staying safe online.

And Temasek’s portfolio rises 25%.

And SG sends help to Indonesia as COVID-19 cases surge.

In 2020, one in three people in Southeast Asia experienced online fraud amid a boom in online shopping and activity due to the COVID-19 pandemic. Asia-Pacific already has the highest number of internet users in the world, so the opportunities for scammers were already aplenty before the crisis of 2020.

This is the second consecutive year that cases handled increased.

Around 41% lose trust over an organisation regardless of any real association with the fraudster.

The agency will work with Shopee, Carousell, and NTUC FairPrice to publicise the campaign.

Firms have paid as much as $1.87m when their data was held hostage.