Japan Times — SINGAPORE – Singapore is working on how to cut off web access for public servants as a defense against potential cyberattacks — a move closely watched by critics who say it marks a retreat for a technologically advanced city-state that has trademarked the term “smart nation.”
BD Live — CHINA is taking a more inclusive tack in instituting cybersecurity standards for foreign technology companies, allowing them to join a key government committee in an effort to ease foreign concerns over the controls. The committee under the government’s powerful cyberspace administration is in charge of defining cybersecurity standards.
Enterprise Innovation — Singtel announced on Friday that it is partnering with the Singapore Institute of Technology (SIT) to train cyber security talents. The work-study program will support SIT students in the areas of Information Security and Software Engineering, which is expected to lead to career pathways such as cyber security R&D, product development, and management, cyber analysis and forensics, operations and cyber architects.
Enterprise Innovation — The South Australian government has welcomed NEC Australia’s $4.38 million investment in a new Global Security Intel Center (GSIC) in Adelaide to address the growing global demand for cyber security. Adelaide is home to the South Australian government’s Smart City initiative.
Times of India — Google together with Lookout, a mobile security company, has successfully taken down the auto-rooting malware app that was said to be silently rootingAndroid device and install other apps without user permission.
ZDNet — NEC has announced plans to establish a AU$4.38 million Global Security Intel Centre (GSIC) in Adelaide that will focus on Internet of Things (IoT) security. The IT services firm expects the cost of cyber attacks against enterprise and government IT systems to rise as the adoption of smart technologies and connected devices that make up the IoT accelerates.
Insurance Journal — Zurich Insurance has launched DigitalResolve, a coordinated incident response service to help businesses in Asia Pacific (APAC) mitigate and recover from cyber attacks. Offered through Zurich’s partner Crawford & Co., DigitalResolve helps organizations coordinate and manage resources so they can recover from damaging cyber attacks with minimum disruption, Zurich said in a statement.
Network Asia — NEC Corporation has announced the development of a “system operations-visualization and anomaly-analysis technology” that uses artificial intelligence (AI) to automatically detect unknown cyber-attacks against social infrastructure and enterprise systems.
China Business News — Alibaba Cloud, the cloud computing arm of Alibaba Group Holding Ltd, has expanded its Singapore’s data center operations by developing a new availability zone, the Chinese e-commerce giant announced on Wednesday.According to an official release by China’s largest e-commerce network, Alibaba Cloud data center in Singapore is responsible for providing superior data services across the Southeast Asian region.
Telecom Asia — Five banks in Singapore may have been quick to announce their respective credit and debit cards’ compatibility with Apple Pay last month, but Citibank Singapore appears to be going against the tide. The bank has yet to announce when its card offerings will be Apple Pay-supported, but instead appears to be focusing on mobile e-wallet payments via the Android platform in its bid to grow its credit card business.
NZ Herald — New Zealand is one of the least affected countries in Asia Pacific when it comes to cyber attacks, but harmful software is circulating around the globe in massive numbers. Microsoft revealed the top markets in Asia Pacific under malware threats today at its second Cyber Trust Experience held in Singapore.
CSO — Telstra’s venture capital arm has flagged fresh rounds of investment in cyber security in Asia after revealing details of a new cloud computing security investment. Telstra Ventures partner Marcus Bartram said that there was still scope for more investment in cyber security companies despite announcing a large investment in vArmour – a California-based company that has developed policy-based software theoretically capable of securing so-called “East-West” network traffic moving within a company’s network perimeter.
Japan Today — Fujitsu Laboratories Ltd has developed new technology that, in response to targeted cyberattacks on specific organizations, rapidly analyzes damage status after an attack has been detected. In the event of malware attacks, which infect organizations to cause a great deal of damage, including information leaks, it was previously necessary to analyze a range of logs on networks and devices to clarify attack status.
Times of India — HONG KONG: Hong Kong’s central bank has a launched a new programme to strengthen lenders’ ability to protect their critical technology systems after recent attacks by unidentified groups on a global messaging system used by the financial community.
CE Asia Mag — Fujitsu Laboratories Ltd. has announced the development of new technology that, in response to targeted cyber attacks on specific organizations, rapidly analyzes damage status after an attack has been detected. In the event of malware attacks, which infect organizations to cause a great deal of damage, including information leaks, it was previously necessary to analyze a range of logs on networks and devices to clarify attack status.
Enterprise Innovation — IBM said it plans to collaborate with eight universities to expand the collection of security data for IBM Watson. The company unveiled on Tuesday Watson for Cyber Security, a new cloud-based version of its cognitive technology trained on the language of security as part of a year-long research project.
MIS Asia — It’s no secret that much of the wisdom of the world lies in unstructured data, or the kind that’s not necessarily quantifiable and tidy. So it is in cybersecurity, and now IBM is putting Watson to work to make that knowledge more accessible. Towards that end, IBM Security on Tuesday announced a new year-long research project through which it will collaborate with eight universities to help train its Watson artificial-intelligence system to tackle cybercrime.
IT News — A Bangladesh government-appointed panel investigating the theft of US$81 million from the country’s central bank has found that international banking payments network SWIFT committed a number of mistakes in connecting up a local network. “We have shown that SWIFT made a number of errors that made it easy for the hackers,” Mohammed Farashuddin, a former governor of the Bangladeshi central, said.
World Bulletin — The warning about the second attack came from Swift, which oversees the financial messaging network that underpins global money transfers. Swift said the target was a commercial bank but did not name the organisation or reveal if any cash had been taken. The attack used techniques and tools resembling those used to steal cash from Bangladesh in February, it said.
Channel News Asia — FRANKFURT: The European Central Bank will set up a database to register incidents of cyber crime at commercial banks, aiming to create an early warning and analysis system for big lenders, it told a German newspaper on Thursday. Attackers earlier this year stole US$81 million from a Bangladesh central bank account at the New York Fed in one of the biggest-ever cyber heists, heightening global concerns over cyber security.
Japan Today — SINGAPORE: ESET, a global pioneer in proactive protection for more than two decades, on Wednesday released the ESET Japan Cyber-Savviness Report 2016 showing that while users in Japan are knowledgeable about cybersecurity and take few risks online, they still have some way to go in ensuring that they are adequately protected when they access the Internet.
Enterprise Innovation — Cloud technology has seen continued strong growth in Singapore, with cloud adoption rates growing to about 29 percent in 2015. The use of cloud technology provides many benefits to enterprises, but security remains a major concern.
Networks Asia — The information security threat landscape is constantly evolving. To help you navigate the terrain, each year the Information Security Forum (ISF) — a nonprofit association that researches and analyzes security and risk management issues on behalf of its members — puts out its Threat Horizon report to provide members with a forward-looking view of the biggest security threats over a two-year period.
ars technica — Microsoft’s Windows Defender Advanced Threat Hunting team works to track down and identify hacking groups that perpetrate attacks. The focus is on the groups that are the most selective about their targets and that work the hardest to stay undetected. The company wrote today about one particular group that it has named PLATINUM.
Networks Asia — Despite the best efforts of cybersecurity teams, security breaches continue to plague corporations worldwide. In 2015 alone there were at least 79,000 reported security incidents and 2,122 confirmed breaches. The sheer number of attacks is troubling, but what raises greater concerns is that many of the world’s largest companies, which support well-funded, sophisticated security teams, were among last year’s security breach victims.
Networks Asia — For the past few years, India and its IT teams have been in a constant state of war with malware, hackers, insidious employees and everything that is a threat to their information security. The only strategy applied, and it wasn’t an effective one, was to deal with the after-effects of the attack. But one CIO believed in the age old adage: Prevention is better than cure, and secured the most critical applications of the company from DDOS attacks.
Networks Asia — In 2015 there were 781 publicized cyber security breaches which resulted in more than 169 million personal records being exposed – a number that’s steadily on the rise year over year. And with notable names like BlueCross, Harvard and Target being tossed into the mix, it’s obvious that no company is safe.
Your Story — Earlier this year, hackers took control of computer system of three banks and a pharmaceutical company. They then demanded a ransom in exchange for decryption keys. It was no usual attack, but the dreaded LeChiffre ransomware. To encrypt files, the hackers demanded one bitcoin each (around Rs 30,000) per computer for a total running into millions of dollars.
MIS Asia — Semiconductor company AMD has pointed to using a marriage between AI (artificial intelligence) and silicon as the future of smart data security strategies. “Data security is at an inflection point,” AMD’s chief technology officer and senior vice president, Mark Papermaster, said to Computerworld Malaysia. “As the threats faced by consumers, businesses and countries continue to grow, the need for smart security solutions that incorporate silicon and software becomes even more important.”
Networks Asia — Singapore, Japan and Malaysia have singled out cyber-attack as the risk of highest concern according to the World Economic Forum’s 2016 Global Risk report. Singapore’s Minister for Communications and Information Yaacob Ibrahim also recently announced a new, standalone Cybersecurity Act to be tabled in next year’s Parliament. Once instituted, this Act will provide for stronger and more proactive powers in response to cyber-attacks growing in boldness, speed and sophistication.