According to Global Cybersecurity Index (GCI), Singapore took the crown as the most committed player in terms of cyber security, even beating out runner-up the United States. The Global Cybersecurity Index examines the defense capabilities in 134 countries based on five factors: technical, legal, organization, cooperation, and growth potential.
The GCI also makes a fascinating observation that while wealth breeds cybercrime, it does not automatically generate cybersecurity. In the same index, it showed that only half of UN member states had a coordinated national cybersecurity strategy.
Cybersecurity initiatives should be planned and prioritized
For more than a decade, Singapore has taken steps to make cybersecurity a priority in all approaches. Singapore launched its first cybersecurity master place as early as 2005. While Singapore takes pride in its position it should focus on fortifying its digital fortress against crippling attacks.
The recent WannaCry and NotPetya ransomware attack were quickly recognized as a stark reminder of Singapore’s vulnerability to cyber assaults. At the same time, the growing cyberattacks were getting more sophisticated and damaging. In addition, Singapore noted that attacks worldwide specifically targeted transportation networks, healthcare institutions, utility plants, and other important infrastructures.
Singapore has issued a cybersecurity strategy that marked the nation’s efforts to tackle the issue directly and indirectly. The government also announced that it was pumping as much as $528 million into cybersecurity planning as well as setting up a new government security operation center to detect cyberthreats.
Cybersecurity extends to other sectors
While earning the top spot, Singapore does not want to rest on its laurels. According to independent global security expert, Aloysius Cheang, a high ranking does not reflect the cybersecurity readiness.
Singapore seeks to lay a legal framework to monitor and manage the nation’s cybersecurity and empower authorities. In its proposed cybersecurity bill, Singapore has named 11 sectors that own the CIIs such as healthcare, water, maritime, media, infocom, energy, aviation, public, and others.
The bill introduces a licensing model for the regulation of selected cybersecurity service providers and individuals in conducting penetration testing and managing security operations center services. The bill’s focus on leveling the playing field and raise the maturity and preparation of all industries in Singapore. The bill has already been lauded by many key industry leaders that describe it as timely and decisive. As Singapore strives to be “Smart City”, it prioritizes all areas and leaves nothing behind.
Singapore is poised to embrace its standing as a trusted digital hub,as it concretes its resources and efforts. While it is ahead of many nations, it cannot afford to let its guard down lest it will be vulnerable.
This article is from iPrice Group
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