By Jane Lo, Singapore Correspondent
Cyber Attacks on businesses by sophisticated hackers demand organisations to embed security principles in the design of digital systems, but also to build capacity and resiliency to recover from these attacks.
Two conferences held in Singapore during August address these topics.
The Asia Risk & Resilience Conference (ARRC) 2017 (24th – 25th August, Marina Bay Sands Convention Centre), a collaboration between BCP Asia (Business Continuity Asia Pte. Ltd, Organiser for ARRC), RIMAS (Risk and Insurance Management Association of Singapore) and IAEM (International Association of Emergency Manager), focused on the theme of “Risk and resilience – From Strategy to Reality”. The conference aimed to enhance the awareness and promote the growth of ERM, BCM and Emergency Management in the region.
The dynamism and complexity of the digital financial ecosystem and security considerations were a focal point at the FinTech Security Summit. The event, held at Shangri-La Hotel (25th August), was an opportunity to debate on topics such as building a safe Financial Center, strengthening Cloud and IoT security, and reducing the surface for Cyber Attacks and crime through a Security-by-Design approach.
Business Recovery and Continuity from Cyber Attacks: Most businesses plan for recovery from hazardous events or natural disasters that cause physical damage to buildings, transportation, infrastructure or critical facilities. However, increasingly, Cyber related: Cyber Attack, Data Breach and Unplanned IT and Telecom Outages are cited as Top 3 Areas of Concern by respondents in a 2017 survey conducted by BCI (Business Continuity Institute).
In his Welcome Address, Mr. Sean Chan (President, RIMAS, Singapore) cited the growth of Cyber Attacks, in particular Ransomware, which reached more than 4000 per day in 2016, a 300% increase since 2015…Click HERE to read full article.