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"Leading experts forecast that cyber security risks associated with quantum will materialize in the coming decade," reasoned [PDF] the MAS. Cryptographically relevant quantum computers "Would break commonly used asymmetric cryptography, while symmetric cryptography could require larger key sizes to remain secure," it added. The monetary authority warned that the security of financial transactions and sensitive data financial institutions process could be at risk, thanks to quantum computers that can "Break some of the commonly used encryption and digital signature algorithms."
Google has unveiled a new pilot program in Singapore that aims to prevent users from sideloading certain apps that abuse Android app permissions to read one-time passwords and gather sensitive...
Sponsored The cyber attack which culminated in the personal details of 1.5m patients being compromised after hackers broke into the databases of SingHealth in 2018 provides a stark illustration of why organizations in Singapore need to remain vigilant and well protected against further incidents. Fostering the knowledge and expertise to do precisely that is the intention behind the Exercise Cyber Star program.
Last week the internet was abuzz with talk that Singapore's commercial Changi airport was no longer going to require passports for clearance at immigration. The news came through as Singapore passed its Immigration Amendment Bill which, among other things, enables the use of end-to-end biometric clearance at airports and checkpoints, beginning in the first half of 2024.
Singapore officials announced on Monday that next month they will deliver a consultation paper detailing a split liability scheme that will mean both consumers and banks are on the hook for financial losses flowing from scams. "There are some views that banks can easily absorb losses arising from individual scam cases. However, full restitution without due consideration of culpability is neither fair nor desirable," he told Parliament on Monday.
In measures floated in October 2022 and to be enacted by the end of 2023, Singapore's Monetary Authority will require operators to hold customer assets under a statutory trust segregated from their own assets. Crypto outfits are also barred from facilitating retail customer lending and staking - the term for locking up crypto assets for a set time to support blockchain validation.
Criminals have targeted datacenter operators in Singapore and China, tapping into their CCTV cameras, accessing their tenant lists and then attacking those customers. That lateral movement included accessing a list of the datacenter operator's CCTV cameras "With associated video stream identifiers used to monitor datacenter environments, as well as credential information related to operators and customers."
A report published by Deloitte in 2020 - Building cyber security into critical infrastructure: Protecting industrial control systems in Asia Pacific - concluded that critical infrastructure operators in Asia Pacific are being increasingly targeted by cyber espionage and sophisticated attacks which can severely disrupt essential services, including energy and water supplies. APAC cyber security professionals cannot afford to drop their guard for a second, but ICS/OT systems present some unique challenges when it comes to making sure they are safeguarded from unauthorized access, data theft and disruption.