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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.
International flights delayed, health services disrupted, and banking services frozen. This was the scene on 19th July as the world witnessed one of the worst global IT outages to date. Owing to a faulty software patch uploaded by security company CrowdStrike, global travel and businesses were faced with unprecedented disruptions as approximately 8.5 million computers across the world were rendered unusable by the infamous “Blue Screen of Death” booting error.
According to an October 2023 study, an estimated 94% of all companies globally use cloud software currently. The global mass adoption of cloud technologies was first noted during the COVID-19 pandemic and started as a way to maintain operational continuity during social distancing measures. Today, it’s become a proven way for businesses to generate growth. This pivot towards cloud-based services, driven by an abundance of fiscal and operational benefits, has seen cloud migration becoming the norm in everyday business.
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.
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