With projections of closing out at $1 to $2 trillion by the end of the present decade and making up about a third of total regional GDP, ASEAN's rapid digital economy growth is poised to put it at the center of global conversations about cyber rights and regulations in the very near future.
Fraudsters stole at least S$8.5 million from OCBC Bank customers through fake SMS impersonating the bank. OCBC warned of increased phishing scams in December 2021.
Singapore’s free student computers will come packed with a potentially unwelcome addition: a monitoring app that allows teachers to view and control the screens remotely.
Singapore government is providing a free contact tracing wearable that logs close contacts offline and will only make the data available if tested positive for COVID-19.
With the prevalence of phishing and watering hole attacks, companies in Singapore are advised to adopt AI learning models in their cyber defense to keep up with malicious codes.
Singapore has recently introduced a discussion paper on data portability to will not only improve options and outcomes for consumers, but will also improve transparency in data collection. Will the ease of proliferation of this personal data among more companies lead to a simple statistical increased likelihood of data and identity theft?
As personal data protection continue to challenge companies it is becoming apparent that the commissions and other structures that police these issues have become impatient with organisations that are not complying with recommendations. For the first time those companies which have suffered a data breach and been found not in compliance are feeling the wrath of governing bodies.