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Singapore to Enhance SME Cybersecurity 

Senior Minister of State Dr Janil Puthucheary expressed his appreciation for the Singtel Cyber ELEVATE programme, highlighting its focus on bolstering cyber resilience among Small and Medium Enterprises (SMEs). This initiative demonstrates the importance of collective efforts in nurturing a strong cybersecurity ecosystem.

SMS Janil emphasised the critical role cybersecurity plays in realising Singapore’s Smart Nation vision. Trust in digitalisation and technology is paramount for individuals, businesses, and the nation as a whole. Maintaining this trust hinges on robust cybersecurity measures, as one breach can erode confidence and deter digital adoption.

The article underscores the significance of cybersecurity for businesses, both large corporations and SMEs. Just as individuals rely on technology for convenience and efficiency, companies harness digitalisation to reduce costs and explore new opportunities. However, poor cybersecurity can undermine trust, dissuading customers and employees from engaging with a business’s digital tools.

While SMEs may perceive cybersecurity as a daunting challenge due to limited resources, they possess an advantage in their relatively smaller attack surface. Implementing basic cybersecurity measures, such as antivirus software and data backups, can significantly improve their security posture. The government, through the Cyber Security Agency (CSA), offers resources and support to help SMEs enhance their cybersecurity.

The article also highlights CSA’s Chief Information Security Officers (CISOs)-as-a-Service scheme, which provides SMEs with funding support and tailored cybersecurity plans. The Cyber Essential and Cyber Trust marks, part of a certification scheme, enable organisations to demonstrate their commitment to cybersecurity, differentiating them in the market.

SMS Janil encourages businesses to adopt these cybersecurity initiatives, emphasising that cybersecurity is a collective effort that involves the government, industry, and the community. The Singtel Cyber ELEVATE Programme is cited as a prime example of such collaborative efforts. The programme offers workshops and incident response assistance to SMEs, with substantial funding support through SSG grants.

By stressing that cybersecurity is fundamental for Singapore’s digitalisation journey and calling on all stakeholders to contribute to strengthening the nation’s cyber defences. The Minister emphasises that active participation and commitment to cybersecurity are essential for collective advancement and a secure digital future.

Further, OpenGov Asia recently reported that the enduring warmth between Singapore and Canada finds new purpose in their robust bilateral cooperation, now extending to the realm of cybersecurity through the renewed Canada-Singapore Cybersecurity Memorandum of Understanding (MoU). This partnership underscores the paramount importance of a secure cyberspace.

One key aspect of this agreement is the facilitated exchange of critical cybersecurity information, enabling both nations to swiftly share threat intelligence, indicators, and best practices. This real-time sharing equips them to respond effectively to emerging cyber threats.

Also, the MoU places a strong emphasis on skill development, recognising the rapidly evolving nature of cybersecurity. By investing in the growth of their cybersecurity professionals, Canada and Singapore ensure they stay well-prepared and up-to-date with the latest techniques and technologies, fortifying their cyber defences.

Capacity building is another significant facet of the MoU. It empowers both nations to develop the necessary capabilities for rapid cyber incident response, including tools, processes, and expertise.

Beyond national borders, this collaboration has global implications, strengthening both countries’ positions in international cybersecurity discussions and partnerships. It underscores the importance of international cooperation in addressing the borderless challenge of cybersecurity.

The MoU also protects important assets and business interests in both countries, which is important for keeping the economy stable and safe in today’s digital, interconnected world.


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