Cybersecurity

MAS, Mastercard sign MoU to enhance cooperation in cybersecurity

The Monetary Authority of Singapore (MAS) and global payment firm Mastercard have on Tuesday signed a Memorandum of Understanding (MoU) to enhance cooperation in cybersecurity, with the aim to strengthen cyber resilience in the financial services sector in Singapore.

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Cybersecurity: A business imperative for today’s leaders

In the rapidly evolving digital landscape, cybersecurity has emerged as a critical business issue that leaders across all sectors must grapple with. The increasing sophistication and frequency of cyberattacks have made it clear that #cybersecurity is no longer just a technology concern, but a business one. Leaders who fail to recognize this are at risk of…

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It’s a love scam, not a love story: Navigating cyber red flags in 2024

Organizations need to remain vigilant against romance schemes, especially as employees are increasingly using corporate-owned devices for personal use. This exposes the company to higher risks of #CyberSecurity threats such as #Phishing #Scams, identity theft, and #Malware attacks.

MAS launches COSMIC to strengthen financial system’s defence against money laundering, terrorism financing

The Monetary Authority of Singapore (MAS) has on Monday launched COSMIC, the first centralized digital platform to facilitate sharing of customer information among financial institutions (FIs) to combat money laundering (ML), terrorism financing (TF) and proliferation financing (PF) globally.

Singapore’s StealthMole bags $7M in Series A funding round led by Korea Investment Partners

StealthMole, a Singapore-based cybersecurity firm, has bagged $7 million in a Series A funding round led by Korea Investment Partners (KIP). The round was also joined by Hibiscus Fund, a multinational joint venture between RHL Ventures, Penjana Kapital, and KB Investment) and Smilegate Investment.

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Navigating the challenges of data sharing in the age of connectivity

Data sharing within applications serves as the lifeblood of modern organizations, facilitating seamless communication and enabling cross-functional workflows. Whether it's sharing data between departments to streamline operations or integrating third-party services to enhance functionality, the exchange of data fuels organizational growth and drives…

NEXTGEN and Claroty team up with new distribution agreement

Singapore-based technology services firm NEXTGEN Group Asia and United States-based cyber-physical systems (CPS) protection company Claroty have announced a new distribution partnership extending across Singapore, Indonesia, and Philippines.

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Roadmap for 2024: Infrastructure growth, cyber threat vigilance, and sustainable monitoring practices

As businesses increase the number of systems in their IT networks, improved visibility, customization, and greater levels of control across IT infrastructures will become progressively more important. Given that it is impossible to keep up with every new product launch in today’s age of technological innovation, the ability to extend the capabilities of…

SentinelOne completes acquisition of Indian cloud security startup PingSafe

SentinelOne, a global leader in artificial intelligence (AI)-powered security, has on Monday announced that it has completed its acquisition of Singapore-based cloud-native application protection platform (CNAPP) PingSafe, ushering in a new era of cloud security which it is in pole position to lead.

Malaysia’s Techna-X acquires 51 percent stake in IT firm Netsec

Malaysia-based energy storage and digital transformation enabler Techna-X Bhd (Techna-X) and information technology (IT) firm Netsec Sdn Bhd (Netsec) have on Wednesday announced the formation of a groundbreaking joint venture that aims to revolutionize the cybersecurity landscape in Malaysia and beyond. This strategic partnership will see Techna-X acquiring…