Ransom! Tan Teck Seng Electric (Co) Pte Ltd

About Country: Singapore (SG) – Cybersecurity Perspective and Ransomware Cases

– Strong Cybersecurity Framework: Singapore has established a robust cybersecurity framework, including the Cybersecurity Act 2018, which enhances the protection of critical information infrastructure.

– Dedicated Cyber Agency: The Cyber Security Agency of Singapore (CSA) oversees national cybersecurity initiatives, providing guidance and support for both public and private sectors.

– Public Awareness Campaigns: Regular campaigns are conducted to raise awareness about cybersecurity threats, including ransomware, targeting individuals and organizations.

– Ransomware Incidents: While Singapore has a relatively low incidence of ransomware attacks compared to global averages, there have been notable cases affecting businesses and public services.

– Response and Recovery Plans: The country has developed comprehensive incident response strategies to address ransomware attacks, including coordination with international partners.

– Focus on Education and Training: Initiatives to enhance cybersecurity skills and knowledge among the workforce are prioritized to combat emerging threats like ransomware.

– Legislative Support: Ongoing efforts to update laws and regulations keep pace with evolving cyber threats and ensure stringent penalties for cybercriminals.

– Collaborative Approach: Singapore promotes a collaborative environment among government, businesses, and academia to share threat intelligence and best practices in tackling cybersecurity challenges.