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Asian Investor: With cybersecurity challenges set to keep mounting, investing into the area seems a sensible move, not least because it offers asset owners a potential inside track to protecting themselves.
But Asia-based investors looking to do so face several hurdles, in addition to the high current valuations, something Singapore state investor Temasek is well aware of.
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Asian Investor: Cyber criminals continue to develop a variety of smart tools to plot hacking schemes and data breaches in today’s intricately connected digital world, in which almost everyone’s data is stored, processed and accumulated. Anybody can become a target.
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Hubbis: The first key observation raised by the discussion was the acknowledgement of the potential for poor risk culture to contribute to occurrences of cyber incidents. Members of the Cyber Security Advisory Panel (CSAP) advised that the board and senior management of financial institutions should set clear expectations for cyber risk culture, and subsequently monitoring and assessing how well the desired risk management culture is operating across the organisation.
The Strait times: Global cyber security firms, large and small, that set up base in Singapore to grow their businesses and capabilities can tap the Republic's technical prowess, skilled manpower and networks, Senior Minister Teo Chee Hean said.
Business Standard: The 'Digital India' and 'New India' mission has been offered an essential impetus by an Indian Ethical hacker, Khushhal Kaushik. His passion, drive and burning desire to 'go the extra mile', has helped him strengthen India's stature in the global cyber security industry. Conventionally, western countries have always ruled the cyber security domain.
Asian Investor: The Singaporean state investor remains on the lookout for promising cybersecurity assets to complement its existing platform and provide more than just healthy investment returns.
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MAS: The Monetary Authority of Singapore (MAS) today issued a set of legally binding requirements to raise the cyber security standards and strengthen cyber resilience of the financial sector. The Notice on Cyber Hygiene sets out the measures that financial institutions must take to mitigate the growing risk of cyber threats.
CNN: North Korea earned as much as $2 billion dollars through large-scale cyber attacks to help fund its weapons programs, a United Nations panel alleges in a new report.
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