With cyber security increasingly becoming critical in the tech industry, the SGTech Cyber Security Chapter organised an online webinar with Kaspersky for a robust discussion on this topic. The attendees gained insights on cyber security predictions that will reshape IT priorities over the next five years, how the data revolution has exacerbated the risk of cyber security threats, and most importantly, how their organisations can fight against these threats effectively.
Mr Ng kickstarted the session with an introduction of SGTech, a premier trade association for the tech industry in Singapore.
As the Cyber Security Chapter Chairman, Mr Ng was enthused to have this opportunity to pick the minds of fellow cyber security experts on how cyber security trends will likely impact the business landscape in the near future.
As an expert in market intelligence and advisory services for the ICT industry, IDC Asia / Pacific’s Mr James Sivalingam kickstarted the session with an exciting preview of the future business landscape – with IDC’s Futurescape predictions:
At the core of many of the developments, data is key. With technology becoming increasingly democratised and affordable, data utilisation technology that is deployed in large organisations are slowly trickling down to Small and Medium-sized Enterprises (SMEs). We are witnessing a reality that amidst the pandemic, more organisations are shifting their spending priorities to focus more on data programmes.
On the flip side, Mr Sivalingam also acknowledged that the data revolution has also brought about its own set of security challenges that continue to plague organisations worldwide. In discussing security challenges that organisations are facing and will continue to face in the future, Mr Sivalingam narrowed down on 4 main areas:
Rounding up his sharing on a positive note, Mr Sivalingam shared some guidance on how business leaders can future-proof their organisations amidst this challenging and evolving climate.
As an established technical sales professional in the IT security industry, Mr Leonard Sim provided invaluable insights into how organisations can find tangible solutions to plug their security gaps.
Giving local context, Mr Sim shared how cyber security challenges are getting more commonplace, with data breaches, security breaches, and ransomware for large and small enterprises right here in Singapore making the headlines every other week. Successful attacks can lead to significant losses – for SMEs that could be in the range of $101k and for larger enterprises, from $1.09 million onwards.
In hindsight, he pointed out that many of such breaches were linked not directly to the organisations’ action or inaction but rather due to errors on their third-party vendors. He cautioned that hackers are increasingly using smaller, less secure organisations as a potential source of intrusion into the larger organisations. Hence they need to beef up their security or risk being cut off by the larger organisations as potential liabilities.
Mr Sim also took the opportunity to showcase how Kaspersky’s suite of solutions can help organisation fight against these threats effectively. He touched on the different permutations of varying levels of Kapersky’s solutions targeted at various stages of potential threat activity:
To wrap up, Mr Sim highlighted how Kaspersky offers a wide suite of security solutions for clients looking for different levels of security - from commodity threats, evasive threats to targeted threats.
During the Q&A session, the audience took the opportunity to pose a range of questions to the respective expert panellists – from the necessity of multi-layer security solutions, how to handle the variety of solutions without sufficient manpower in house, the accessibility and affordability of machine learning solutions to the effectiveness of cyber security awareness training.
SGTech's Cyber Security Chapter brings together vendors, resellers and integrators of cyber security products, solutions and services, as well as auditors, consultants, practitioners and legal and compliance organisations in the cyber security ecosystem. The Chapter aims to promote awareness and adoption of cyber security among organisations in Singapore, and boost a pipeline of talent to ensure the continued viability of Singapore's cyber security industry.
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