Did you know that a cyber-attack is bound to happen every 39 seconds? Did you also know that a business that has experienced a data breach is likely to lose its market reputation and its consumers? Indeed, security breaches can be devastating for small and established brands.
Some time back, cybersecurity was left to IT gurus to worry about. Global brands delegated it to their IT departments. A majority of businesses thought that firewalls and antivirus protections were good enough to secure a company’s sensitive data. However, the game has changed, given the ever-evolving and complicated threat landscape.
The rising cases of cyberattacks on systems, devices, and networks have pushed organisations to look at cyberattacks from a new perspective. Cybersecurity has become an essential function in the running of businesses big and small.
What is Cybersecurity?
Cyber security refers to the process and techniques applied to protect internet-connected systems, hardware, or data from cyber attacks.
It’s a repetitive process that involves progressive tools, technologies, best practices, risk management strategies, and training. All these are meant to safeguard data, networks, or devices form unauthorized access.
Cybersecurity is your last line of defence that protects your digital existence. The primary intention is to deter attackers from accessing, extorting, tampering, deleting, or stealing a user’s or an organization’s sensitive data. Generally, cyber-attacks can be engineered to:
- Tamper with systems, networks and the data in transit
- Exploit the company or individual resources
- Gain unauthorized access into systems to steal sensitive information
- Disrupt normal business processes and functions.
- Deploy ransomware to encrypt data and demand money form victims
To forestall the above, companies need to formulate impenetrable systems and definitive cybersecurity plans. Such a plan needs to cover:
- Pc, desktop or tablet protection
- Mobile device protection
- Identity theft protection
- Wi-Fi VPN protection
- Home network and IoT device protection
Cybersecurity is highly essential, given the comprehensive approach it takes to keep sensitive data safe. It can be implemented to safeguard industry information systems, personally identifiable information (PII), intellectual property, Critical Information Infrastructure (CII), and other types of data.
Three Pillars of Cybersecurity
Robust cybersecurity is hinged on three pillars. These are people processes and technology. Businesses need to focus on these to safeguard from external and internal threat actors.
Users or employees need to realise the importance of primary data security measures. These can be using strong passwords, data back up, and caution with suspicious emails or links.
Businesses need to establish protocols on how to deal with attempted or already executed cyber attacks. It’s important to have frameworks detailing how to identify threats, protect systems, reporting attacks, and how to respond and recover from attacks.
Technology provides businesses with applications and security tools to fight cyber attacks. Technology should protect endpoint devices, networks, and the cloud. Companies can use malware protection, DNS filters, and high fidelity firewall and email security programs.
What is a Cyberattack?
A cyber-attack is a deliberate process of exploiting computer systems and web-dependent networks and entities. Cyber attackers leverage malicious software and bots to alter the core code, data, or logic.
This triggers disruption that compromises entire networks, data, and the infiltration of systems. Cyber attackers can launch an attack using phishing scams, malware, ransomware, DDoS, social engineering, among others.
There are three distinct cyber-attacks categories, namely attacks on confidentiality, integrity, and availability.
Attacks on confidentiality
They involve stealing personal info regarding your finances, personal data, or sensitive social status.
Attacks on integrity
These attacks work around personal or business sabotage. Cyber attackers access and leak sensitive information meant to disparage an individual or a brand. It causes the public to lose trust in the person or business.
Attacks on availability
This version blocks users from accessing their data until they pay money that an attacker demands. A cybercriminal infiltrates a network, takes over, and requires to be paid to allow a business to resume activities.
Types of Cybersecurity
For a business to formulate and deploy a robust cybersecurity plan, it’s essential to know the different types of cybersecurity.
Critical infrastructure security
Refers to securing cyber-physical assets, systems, and networks, including power grids, traffic systems, industrial plants, or air traffic systems.
It involves securing internal networks from attackers by intruders by fortifying infrastructure. This can be done through the use of robust passwords and two-factor authentication.
It’s the use of software and hardware to ward off external attacks. This can be done through encryption, applying firewalls or antivirus programs in the applications development stage.
It refers to the process of securing hardcopy and softcopy data. It denies an attacker the chance to access, modify, disclose, delete or use data.
Data loss prevention
It refers to the process of creating policies and protocols that circumvent data loss. Additionally, it entails the development of data recovery processes in the event of a cyber-attack. Defining network permissions for data storage is part of the process.
Cybersecurity system integrity is indeed as reliable as its weakest component; the people using them. End-user education upskills users and teaches them how to handle suspicious links or emails.
Types of Cyber Attacks in the Singaporean Marketplace
In Singapore, cyberattacks take more forms than one. They can be overt or covert ransomware-type attacks. Businesses big and small are now conscious of the ever-changing threat attack surface. To implement a robust cybersecurity plan in Singapore, it’s crucial to know the different types of cyberattacks.
Phishing refers to sending emails that appear to be authentic or coming from a trusted source. The emails mimic the style, names, text of a trusted source. They intend to trick a user into clicking, which gives cybercriminals access to sensitive data and information.
Social engineering refers to the crafty process of manipulating people to disclose information. Phishing scams leverage an individual’s feeling of trust or familiarity. For instance, Phishing emails persuade users that they’re from legit sources in an attempt to get the user to divulge the tiniest bit of personal or company information.
Some of them take the shape of funny or thought-provoking videos. Phishing has evolved into Vishing, where cybercriminals use voice calls instead of traditional phishing elements.
Man-in-the-Middle attacks are when cybercriminals hijack a two-way transaction. They can use Wi-Fi to waylay communication coming from a personal device. Without a protected Wi-Fi route, they can view a victim’s PII, and it’s difficult to trace them.
Zero-day attacks happen between the time a company announces a vulnerability issue and the time they get to patch it. Malicious attackers can exploit such a loop to unleash an attack before the company patches it up.
Brute force attack
Brute force attack refers to the repetitive activity of trying password combinations to break into a site. Attackers employ bots to harness the power form other computers during the attack. This is the easiest attack method of gaining access to a system or a network that is password protected.
The Role of the National Cyber Security Agency
As a globally acclaimed business hub, Singapore relies heavily on technology to drive its economy and attract global brands. Authorities have long emphasised the establishment of robust cybersecurity frameworks to forestall sophisticated cyberspace threats.
This is what led authorities to establish the National Cyber Security Agency in 2015. Its mandate was to protect the cyberspace industry in the Lion State.
Upon inception, CSA’s core mission touched on areas such as powering Singapore’s digital economy, consolidating national security, and supporting the country/s transition into a smart nation.
While CSA undertakes a comprehensive cybersecurity approach, its primary roles include monitoring cyberspace for threats and protecting Singapore’s Critical Information Infrastructure (CII)
Even though the CSA operates proactively, cyber-attacks are commonplace in the business and social fraternity. The authority partners with incident response units that are highly equipped to handle, contain, and resolve cyber-attacks. Also, CSA conducts preparedness mockups to ensure critical players and enterprises can handle consequences if an attack occurs.
In Singapore, CSA creates a safe playing ground for enterprises and individuals. It emphasizes security by design and offers consultancy services to government and private sector agencies. Additionally, it censors security products and validates the system’s security assurance.
Singapore’s Cyber Security Agency is charged with driving the country’s digital economy. It’s responsible for incubating an up to date cybersecurity ecosystem. CSA nurtures skilled IT experts and incubates in-depth research and development expertise. At the same time, the authority encourages the creation of businesses with cutting edge cybersecurity capabilities.
Trends to Watch in the Cybersecurity Sector in Singapore
Here are possible trends that are likely to shake up the Singaporean cyberspace.
Phishing Gets More Sophisticated
Phishing attacks that use charm messages to get users to click on a malware-laden link are becoming more complicated. Attackers are aware that employees are aware of their ploys. As such, criminals are polishing their tactic by employing machine learning to create highly appealing but fake messages to try and compromise company systems through their personnel.
Ransomware Strategies Evolve
Ransomware attacks cost organisations vast fortunes annually. The evolution of ransomware attacks has been fuelled by the advent of cryptocurrencies with attackers asking for the ransom to be paid incognito.
Cyber Security Automation
In 20 20, AI is likely to be the go-to application as cybersecurity experts seek foolproof strategies to protect businesses and personal information. As networks expand, they will require intensive processes to boost security on the web. Ai and automation will play a massive role in helping monitor networks, identify threats, and create robust enterprise security products.
Mobile Devices expanding Threats surface
Globally, businesses are investing in mobile devices-smartphones and tablets. This will increase the number of devices that a business needs to secure. The Bring Your Own Device may end up being a security challenge for some organisations.
Hackers will target IoT
2020 will see hackers targeting devices that aren’t critical in the course of securing a network. Devices on the IoT platform are rich sources of personal information given that they are connected to the internet. Some devices include smart TVs, personal health devices, security systems, and home appliances.
Top 20 Cyber Security Firms in Singapore
They have been a cyber security startup since 2012 that creates innovative solutions in the area of web, logs and cloud security. Our flagship product, WebOrion®️, uses our own patented technologies to provide our clients with a unique set of counter measures against web hackings including defacements, data breaches, drive-by downloading, Blackhat SEOs, etc.
83 Science Park Drive, #02-01C, The Curie, Singapore 118258
(65) 9626 4242
Mon-Fri 9.15 am-6.15 pm
Tech Security is a pioneering cybersecurity and IT engineering firm in Singapore. It relies on a team of dedicated cybersecurity experts with cutting-edge IT Security credentials. Tech Security excels in the provision of penetration testing, high fidelity system protection, and compliance services.
· Web Application Penetration Test
· Mobile Application Penetration Test
· Vulnerability Assessment
· Network Penetration Test
· IT Security Audit
Wintech Centre, 6 Ubi Road 1, #04-08, Singapore 408726
(65) 9438 5437
Mon-Fri 9.30 am-6.30 pm
Since 2004, ITSEC Asia has been a thought leader in the information security field. It’s renowned for providing 360-degree services touching on information and cybersecurity solutions. It offers clients a rich portfolio of security services and Managed security solutions.
· Penetration testing
· Application security
· Information security analysis
· Architecture and process development
· Risk assurance and compliance
71 Robinson Road, #14-01, Singapore 068895
(65) 3159 1145
· Singapore police
· British telecommunications
Imperva Data creates and deploys cloud-based and onsite data security frameworks. It offers a single dashboard that controls large data frameworks, company data, relational databases, and information security. It enables businesses to identify threats even before an attack is launched.
· Cloud Data Security
· web Application Firewall
· DDoS Protection
· Runtime Application Self-Protection
· API Security
Suntec Tower 1, 7 Temasek Boulevard, #15-01, 038987
(65) 6835 7104
· Frontier Airlines
Fujitsu Asia helps businesses to leverage cybersecurity best practices. It employs the best IT security experts with exceptional cybersecurity innovations. It emphasises on the use of cutting edge cyphers, authentication restriction, and significant data security. Fujistu prioritises on Intelligence-led security to help businesses anticipate attacks.
· Application Services
· Client Computing Devices
· Managed Infrastructure Services
One North, 1 Fusionopolis Link, #04-01, Singapore 138542
(65) 6512 7555
Mon-Fri 8.30 am-5.30 pm
Assure IT offers cybersecurity solutions software development, compliance, and risk management services. The firm adopts a holistic approach on People, Process, and Technology to develop integral cybersecurity risk solutions. It priorities on a Protect, Detect and Respond method to repel cybersecurity threats.
· Security Design & Review
· Cybersecurity Solution Advisory
· Security by Design
· Enterprise Risk Management
· Business Impact Analysis
28 Genting Land, #08-07, Singapore 349585
(65) 6638 9038
Mon-Fri 9 am-5.30 pm
IT Solution helps businesses to adopt proven and active data security solutions. It creates custom solutions that lower the consequences of an attack. The firm works with seasoned cybersecurity experts and data risk assessment frameworks.
· IT Auditing
· Ransomware Protection
· Prevention Services
· Managed Security Services
· Cyber Risk Management Services by IT Solution
51 Goldhill Plaza, #07-07, Singapore 308900
(65) 6690 3275
Mon-Fri 9 am-6 pm
Century Link presents rich cybersecurity, compliance, and risk management services to its Singaporean clientele. It helps to implement security solutions to identify threats, vulnerabilities, and system flaws at all levels.
· Cloud Infrastructure Security
· DDoS and Web Application Security
· Analytics and Threat Management
· Email and Web Security
· Risk and Compliance
Singapore Land Tower, 50 Raffles Place, #36-01, Singapore 048623
(65) 6768 8000
Mon-Fri 8.30 am-6 pm
Tenable IT specialises in the Vulnerability Management discipline. It enables businesses to preview their threat landscape using their proprietary Tenable.io platform. The firm is the first to engineer a visibility platform of its kind across the globe.
· Application Security
· Cloud Security
· Web Application Scanning
· Container Security
Parkview Square Road, 600 North Bridge Road, #11-06/07/08, Singapore 188778
+65 3159 0836
Apvera leverages deep threat landscape analytics to provide businesses with robust cybersecurity risk management solutions. It provides clients with analytical tools that help to anticipate and circumvent threats and data risks.
· Cyber Security
· Threat and Risk management
· Security as a Service
20 Maxwell Road, #09-17, Singapore 069113
(65) 3158 8697
Mon-Fri 9 am-6 pm
CheckPoint Software Technologies
CheckPoint Software is a fully integrated IT security outfit in Singapore. It specialises in foolproofing business it systems onsite and in the cloud. Check Point cybersecurity solutions deliver solid security pillars and protects over 100,000 clients.
· Cyber Security Management
· Cloud Network Security
· Mobile Security
· Next-Generation Firewall
· IoT security
Keppel Towers 2, 240 Tanjong Pagar Road, #13-00, Singapore 088540
(65) 6435 1318
Mon-Fri 9 am-5 pm
ST Engineering is committed to the provision of secure networks and communication systems. It relies on highly skilled cybersecurity and threat anticipation experts. These specialists empower businesses to handle attacks, whether simple or advanced.
· Cyber Security Management
· Endpoint Protection
· Threat Intelligence
· Business Security Software
· Remote Cloud management
Electronics Park Road, 1 Ang Mo Kio, #07-01, Singapore 567710
(65) 6722 1818
Mon-Fri 8 am-5.30 pm
EyeD Infocomm Security Solutions helps businesses to grow by leveraging cutting edge technologies. It operates as a one-stop provider of state of the art IT security solutions and applications in the ASEAN market.
· Auditing & Assessment
· Penetrating Testing
· Security as A Service
· Customized Software Solutions
22 Sin Ming Lane, #06-76 Midview City Singapore 573969
(65) 6752 6183
Weekdays 9 am-6 pm
INStream is a well-known IT Security System provider I Singapore. It facilitates the implementation of cybersecurity products and solutions. It helps small and established businesses to beat the challenges of a disrupted Cyberspace.
· End Point Security
· Application Security
· Network Security
· Database Protection
37 Lorong 23 Geylang #05-05 Yu Li Industrial Building Singapore 388371
(65) 6744 0794
(65) 6258 6551
Weekdays 9 am-6 pm
ACE Pacific is a highly reputable cybersecurity integrator in the Asia Pacific region. ACE empowers Singaporean businesses with progressive cybersecurity and analytical solutions. It relies on modern-day technology to provide value-added cybersecurity services.
· Endpoint Security,
· Network Security,
· Web Security,
· Application Security,
· SAP Oracle Security,
Kewalram House, 8 Jalan Kilang Timor, #04-15/16, Singapore 159305
(65) 6513 0018
Mon-Fri 9 am-6 pm
Secure Age enjoys a heritage of excellence in the Singaporean cybersecurity sector. It deploys whitelisting and software linking solutions to thwart malware and sophisticated ransomware attacks. It helps clients to forestall the consequences of persistent cyber threats.
· AI-Powered Endpoint Protection
· Point-to-Point Network Security
· Protection from Malware
· Centralized Security Management
3 Fusionopolis Way, Singapore 138633
(65) 6873 3710
Mon-Fri 9 am-6 pm
Synopsys is at the leading edge of cybersecurity solutions and integration in Singapore. It prioritises on IP integration, system validation, and security testing technologies. It assists businesses in leveraging competitive software and hardware solutions to safeguard their interests, networks, and systems from attacks.
· Data Protection Solution
· Security Consulting and Training
· Managed Security Testing
· Network Security
· Data Encryption
300 Beach Road, Singapore 199555
(65) 6296 7433
NTT Security integrates Web Security Services with progressive risk intelligence and threat detection to help businesses to identify and fend off attacks. NTT presents globally managed security options to Singaporean and overseas clients.
· Business Intelligence and Analytics
· Advisory Services
· Application Development and Management
· Enterprise Application Services
· Cyber Security
8 Kallang Avenue, Aperia Tower 1 #15-01 to 09 Singapore 339509
(65) 6322 6688
ProofPoint helps clients to handle cybersecurity issues and threats conveniently. They enable companies to identify the most probable threats and how to manage them. It presents businesses with solutions that help to consolidate and secure sensitive data.
· Firewalls services
· Web security,
· Intrusion prevention
· Security analytics
Location: Beach Centre, 15 Beach Road Level 3, Singapore 189677
(65) 6559 6128
Mon-Fri 9 am-6 pm
Soverus Consultancy provides cybersecurity services to secure sensitive IT infrastructure in different verticals. Soverus offers strategic security solutions in line with the client’s needs. It creates bespoke security solutions for local and overseas clients.
· Cyber Security Consultancy
· Cyber-Security systems
· Big-data Analytics
· Private Investigations and IT Forensics
38 Alexandra Terrace, Singapore 119932
(65) 6813 9500
· Pathway School
· Marina Bay Sands
· Premium Blenders
|About||Established in 2004, VISTA InfoSec is involved from Day one in providing vendor-neutral consulting services in the areas of Information Risk Compliance and Infrastructure Advisory Services.|
20 COLLYER QUAY,#09-01, Singapore 049319
|Telephones||(65) 3129 0397|
Monday – Saturday 9AM – 7PM
Sunday : Closed
Why Is It Important To Invest In Cybersecurity In Singapore?
A majority of Singaporean businesses have moved their business-critical infrastructure to the web. This makes them possible targets to hackers. Without a practical cybersecurity approach, your venture loses sensitive data, reputation, and customers. Here are the reasons why cybersecurity is critical more than ever.
The phenomenal cost of breaches
Even the most established business experience unconceivable difficulties coping with the consequences of an attack. A data breach can cost tens of thousands of dollars. But that isn’t all; there are additional costs of remediation and reputation management. Also, losing client trust can mean tapering returns in the future.
Increasingly refined hackers
The modern hacker has evolved thanks to the various tools and technology at their disposal. Hackers benefit from breaching enterprises. It’s logical to view your business as a possible target, regardless of its size or reputation. You need to invest in cybersecurity to curtail highly adept and relentless attackers from disrupting your operations.
Multiplied hacking tools
Today, it’s not uncommon for hackers to be funded. They sport highly refined skills backed up by a federation of hacking tools. Programs, tools, and resources facilitate the cyber-attack space that a non-tech person can purchase to launch an attack on your company.
Proliferated IoT devices
There’s a countless array of devices that are increasingly getting connected to the Internet of Things. This presents a security challenge in the social and commercial sectors. Hackers can exploit these devices to gain entry if they’re not managed and secured. Given that IoT devices augment the threat landscape, you need to consider cybersecurity options.
How Your Business Benefits from a Cyber Security Solution
Protects Your Business
Investing in the best in IT cybersecurity solutions and strategies offers complete online protection. Your staff can navigate the internet safely. It’s easy to identify possible threats and phishing scams.
Safeguards Personal Info
Critical personal information is hosted online. Cybersecurity solutions protect personally identifiable information through updated antivirus software.
A Virus in your network can slow down your hardware to a snail’s pace. This wastes times, and it results in dismal productivity.
If an attacker manages to infiltrate your website, the chances are that your site may go down. If you haven’t deployed the best cybersecurity programs, an attack will render your site useless and deny you customers and profits.
Useful Steps to Protect Yourself from Cyber Attacks
Whether you’re using the internet for businesses or personal use, there are steps you can take to protect your activities from the mutating range of cyberattacks.
Invest in a comprehensive internet security suite
Choose a proven security package to protect your interests from existing and new ransomware and viruses.
Use strong passwords
It’s foolhardy to use the same passwords over and over. Always avoid using the same password on different sites and profiles. Reinforce your passwords with letters, symbols, and characters and ensure it contains more than ten characters.
Update your software
Your operating systems and internet security programs need constant patching. Cybercriminals can exploit software flaws to manipulate and hijack your network. Updated software makes it difficult for attackers to hit your systems.
Manage your social media settings
It’s crucial to keep your social media information under wraps. Social engineering criminals use your social media profile to get personal information. They can later use the same to manipulate you into taking the kind of action that can compromise your network or system.
Benefits of a Cybersecurity Service Provider
From a cybersecurity perspective, installing antivirus software isn’t enough. The modern hacker is skilled enough to bypass conventional security protocols. If you need peace of mind, consider hiring a cybersecurity service provide. Here are some benefits.
Provides Comprehensive Protection against cyberattacks
Reputable cybersecurity providers are charged with safeguarding your business from cyber-attacks. They deploy the best in breed security solutions to keep attackers at bay.
Identifies Network Infrastructure Flaws
Your network will present vulnerabilities from time to time. If left unchecked, attackers will use these vulnerabilities to gain entry. With a reliable cybersecurity provider, it’s easy to maintain high-level integrity throughout your system. The provider monitors, reports, and helps to plug the holes in your network.
Offers Cybersecurity Training
Your staff is the weakest link in your security chain. If you ignore the need to train them, they end up compromising your systems. Cybersecurity providers can train your employee on the best cybersecurity practices.
Update Cybersecurity Defenses
Cybersecurity providers conduct patch management on every network device. Random devices can house security vulnerabilities. With regular patching, cybersecurity providers ensure that these loopholes don’t end up affecting your operations.
Fast Crisis Response
If an attack happens and you have a cybersecurity provider in your corner, they act as first responders to contain the situation. They respond fast to stop the breach while crafting a resilience strategy.
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