Beyond financial and government sectors, all industries across the region need to step up their investment in cybersecurity and do better in identifying and prosecuting cybercriminals.
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 For the full article click here
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