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As the de-facto productivity enhancer, cloud solutions have become truly indispensable. Adopting the right crowd solutions in today’s business climate has become vital for businesses large and small, with a 2024 study stating that 94% of companies worldwide will utilise some sort of cloud platform as part of their operations on a day-to-day basis. This number has grown since 2020, when only 80% of companies leveraged cloud solutions as part of business workflows.
In line with Singapore’s Digital Enterprise Blueprint (DEB), the Infocomm Media Development Authority (IMDA) has recently launched two new solution categories under the Advanced Digital Solutions (ADS) scheme – Omnichannel Retail Management (OCRM) and Integrated Security Management (ISM). These two schemes are targeted at small and medium-sized enterprises (SMEs) from the retail and security industries and aim to equip SMEs with solutions to deepen their digital capabilities and build business resilience for growth in a digital economy.
Artificial Intelligence (AI) has become increasingly integrated with cybersecurity, both as a threat vector and a means for defence. This was the core message shared at the inaugural Singapore AI Security Summit held by the Association of Information Security Professionals (AiSP) on 3rd July 2024. Attended by stakeholders of the cybersecurity industry, the AI Security Summit served as a gathering of minds for members to discuss the future and outlook of Singapore’s cybersecurity environment in relation to AI.
Within these ads, however, lie wolves in sheeps’ clothing. Armed with nefarious intent, a rising trend of malvertising has emerged where cyber criminals spread malware through digital ads on reputable websites. These ads, which exploit the user’s trust in familiar brands, steal sensitive information by luring victims to deceitful websites and directing them to download malware disguised as harmless content.
In the early 1980s, the Open System Interconnection (OSI) model was devised to outline the seven layers of network communication. It served as the early model for network communications and paved the way for modern Transmission Control Protocol/Internet Protocol (TCP/IP) systems, which were developed in the 1970s and upon which the 21st-century Internet is founded. Within the OSI model, Layer 2 specifically refers to how data links are set up and defines the data format on each network.
In the latest addition to the concerning trend of local cyberattacks, well-known F&B brand Jumbo Group has reportedly fallen victim to a ransomware attack. This marks the second consecutive month a notable Singaporean company has been targeted by cyber criminals.
The advent of cloud computing has changed how we approach technology, offering unprecedented scalability, flexibility, and cost-efficiency. By providing on-demand access to computing resources via the internet, cloud services eliminate the need for businesses to handle physical resources themselves, reshaping the management of IT resources for businesses. In this article, we discover the three key types of cloud computing services that are transforming IT infrastructure management.
Singapore has emerged as the undisputed regional headquarters of choice in Southeast Asia, according to a 2024 report by the Business Times. Home to approximately 4,200 multinational firms, Singapore has sailed ahead of long-time rival Hong Kong to establish itself as the business gateway to the region. With many businesses choosing the Little Red Dot as their homestead to build an international presence in neighbouring countries, cross-regional collaboration has become a hot topic for many key decision-makers.
The Internet of Things (IoT) is a network that links physical devices embedded with sensors, software, and diverse technologies to collect and exchange data over the internet. It has reshaped our lifestyles and industries by opening up a new era of convenience and efficiency across our daily lives. Within the IoT ecosystem, a diverse array of objects and devices work to collect data to improve processes, operations, and quality of life. In this article, we delve into the profound impact of IoT solutions, exploring how they have revolutionised modern lifestyles.
Earlier this year, the Singapore Tourism Board projected that tourism receipts for 2024 would hit a record high of $29 billion. Driven by events like Formula 1 and concerts by star performers such as Taylor Swift, Coldplay, and Ed Sheeran, tourists worldwide continue flocking to local shores in droves. This influx of visitors has also had the added benefit of contributing to Singapore’s gross domestic profit by the way of spending. The biggest beneficiaries? Companies in retail, hospitality and F&B industries.
On 7 May 2024, the Singapore Parliament passed a new bill to bolster the nation’s cybersecurity defences to account for new and evolving technological threats. Dubbed the “Cybersecurity (Amendment) Bill'', it outlines that owners of Critical Information Infrastructure (CII) are now required to report cybersecurity incidents, including those that happen within their supply chains.
On 7 May 2024, the Singapore Parliament passed a new bill to bolster the nation’s cybersecurity defences to account for new and evolving technological threats. Dubbed the “Cybersecurity (Amendment) Bill'', it outlines that owners of Critical Information Infrastructure (CII) are now required to report cybersecurity incidents, including those that happen within their supply chains.
OpenAI’s launch of Sora earlier this year marked a historic milestone in the advancement of artificial intelligence. Reminiscent of 90’s science fiction, Sora’s press release was accompanied by hyper-realistic videos that were indistinguishable from actual filmed footage. Unlike large-language AI models such as ChatGPT, generative AI models such as Sora and Midjourney exemplify the new wave of AI tools that promise to revolutionise the tech landscape.
Each year, businesses invest millions of dollars towards upgrading their cybersecurity defences to fend off cyberthreats. According to a recent Cybersecurity Drive report, cyber investments are projected to increase by 14% annually in 2024, with cybersecurity services accounting for the lion’s share at 42%. Despite the latest advancements and upgrades in cybersecurity technology, human vulnerabilities remain the foremost cybersecurity concern globally. Research and marketing firm Cyber Edge Group found that 82% of cyberattacks in 2023 exploited human weaknesses such as email phishing, in which cybercriminals can achieve entry points to access secure networks and hold businesses hostage with ransomware attacks.
Whether you’re a small-medium business struggling to gain a foothold in your industry or a burgeoning organisation geared for rapid expansion, the universal problem of profitability plagues every company regardless of size or industry. Two primary challenges – overhead costs and total cost of ownership for new assets, compel today's key decision-makers to make tough choices between efficiency and profitability. In response, third-party solutions have emerged as the optimal approach for businesses seeking to reduce overhead while establishing a cost-effective IT workforce.
The advent of artificial intelligence (AI) has sparked a rapid evolution in the landscape of cyber security and cyber defence. According to a recent report by the National Cyber Security Centre, AI has lowered the barrier for novice cyber criminals to carry out effective access and information gathering operations, which is likely to result in a global increase in ransomware attacks in the next two years.
Adapt or be left behind, Darwin's blanket approach to biological evolution draws similar parallels to businesses in the 21st century. As technology evolves, companies must learn to adopt and leverage these technological evolutions to come out on top and stay relevant. Businesses that fail to integrate new technologies might find themselves falling behind in the competitive landscape.
In response to the pressures of a tight labour market, businesses need to be competitive and progressive to attract and retain top talent. This imperative drove the launch of Singapore’s latest Tripartite Guidelines on Flexible Work Arrangement Requests, according to members of the tripartite workgroup. Scheduled to take effect on 1st December 2024, the guidelines mandate that all employers in Singapore must fairly consider formal flexible work arrangement (FWA) requests and reply to them within two months. This precedent-setting development signals a push towards prioritising work-life balance, with stakeholders from all sides coming together to advocate for more FWAs within the workplace collectively.
Experiencing a data breach can have severe and long-lasting financial consequences. The costs associated with such incidents often go beyond immediate financial losses. Companies may face expenses related to investigation and remediation, legal actions and settlements, regulatory fines, and the implementation of enhanced security measures.
In November 2023, a ruthless cyberattack led to a 7-hour internet outage in public hospitals and polyclinics across Singapore. The disruption, categorised as a Distributed-Denial-of-Service attack, prevented legitimate users from accessing online services and crippled internal services such as emails and productivity tools. While the entire ordeal was contained without long-term consequences, a survey of local companies found that 86% of small-medium businesses were ill-equipped to defend themselves against a cyber attack. If you find yourself within that demographic, read on to find out how cybersecurity retainers offer round-the-clock protection for your business.
Unforeseen circumstances like natural disasters and cyberattacks can lead to network downtime, preventing business internet and data systems from running smoothly. When the network is down, employees face obstacles in accessing essential tools and data, resulting in lowered productivity. This ultimately brings about revenue loss. Fortunately, crafting a disaster recovery plan (DRP) can help businesses deal with unexpected challenges resiliently, particularly those dependent on commercial broadband, corporate internet, and other solutions. Join us to learn more about the key aspects of implementing a DRP.
Digitalisation has increased the significance of information and introduced new cyber threats that constantly evolve. As such, businesses are now turning to Virtual Private Network (VPN) solutions to safeguard their online presence and sensitive data. This article highlights the role of VPNs in ensuring the confidentiality and integrity of digital communications for businesses.
The question of a cyberattack is not one of "If", but "When". Over a long enough timespan, most organisations will catch the attention of cybercriminals and become the target of a cybersecurity breach. The key is to recognise what to do when it does happen and have the necessary steps put into place to respond to the threat immediately. Don't have an Incident Response Plan (IRP) in place? Here are some simple measures to implement when you find your business face-to-face with a cyberattack.
A Content Delivery Network (CDN) infrastructure comprises strategically positioned servers distributed across various geographical locations to optimise the delivery of digital content. It improves the overall performance of content transmission by reducing latency and the load on single-origin servers. While this infrastructure is essential in supporting business operations, the deployment of ICT tools can help unlock its full potential. This article will delve into some of these tools.
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