The Singapore government has underscored the need to safeguard critical infrastructures and drive the necessary ecosystem to safeguard the nation’s cyberspace, including pushing ahead with plans to restrict internet access among its employees.
In his opening address Monday at the inaugural Singapore International Cyber Week, Prime Minister Lee Hsien Loong said ICT had enabled the country to develop from a third-world to a first-world economy and continued to play a critical role in its efforts to become a smart nation. However, ICT also opened up new vulnerabilities, introducing cyberthreats and attacks that were increasingly frequent and sophisticated, and resulting in more severe consequences. Lee pointed to the December 2015 attack on Ukraine’s powergrid and and this year’s cyber theft involving Bangladesh Bank, which lost US$81 million. He added that the Singapore government, too, had been a target and had experienced phishing and malware attacks, as well as the defacement of its websites. Government systems also had been compromisedand the financial sector had suffered DDoS attacks, he said. For the full article click here
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