Techzu and ICE71 start-up Aires Applied Tech Join Forces to Propel SMEs into a Secure Digital Future

Congratulations to ICE71 Accelerate 2023 start-up, Aires Applied Tech on signing a new partnership with fellow home-grown software development company, Techzu!
Read the official announcement below.

A Strategic Partnership for Affordable and Advanced Digital Solutions for Singapore SMEs
Singapore, [24 Jul 2023] – Techzu Ichicode Pte Ltd (Techzu), a leading Singapore-based software development company, and Aires Applied Tech Pte Ltd (AAT), a trailblazing research & development firm, have officially signed an MOU agreement at ICE71, cementing their commitment to revolutionize SMEs in Singapore. This strategic collaboration aims to deliver cost-effective and cutting-edge digital solutions, fortified with the latest security technology, to empower SMEs on their digitalization journey and elevate their business potential securely.

Techzu Ichicode Pte Ltd: Enabling SME Digitalization with Tailor-Made Software Solutions
Techzu has established itself as a prominent player in the software development industry, dedicated to empowering SMEs with customized enterprise software. Leveraging available government grants, Techzu facilitates seamless digitalization for SMEs by providing them with tailored Enterprise Resource Planning (ERP), Customer Relationship Management (CRM), Project Management Systems, and more.

Aires Applied Tech Pte Ltd: Pioneering Innovation in Cybersecurity and AI
Aires Applied Tech has become a key player in research & development, focused on exploring cutting-edge technologies. With a strong emphasis on Cybersecurity, Artificial Intelligence (AI), and Data Encryption, Aires Applied Tech enjoys the support of Enterprise Singapore and NUS. As a member of ICE71, the firm is committed to elevating security standards in the digital landscape.

A Collaborative Mission for Enhanced Security and Digital Transformation

The formalization of the MOU heralds the start of a promising partnership between Techzu and Aires Applied Tech. The primary objective of this collaboration is to empower SMEs in Singapore with transformative digital solutions, reinforced by state-of-the-art security technology. By merging Techzu’s expertise in software development with Aires Applied Tech’s cutting-edge research in cybersecurity, this partnership offers a dynamic blend of innovation and security to propel SMEs towards unparalleled digital growth.

Empowering SMEs with Enhanced Investment Opportunities
This collaboration offers Singapore startups a competitive edge in attracting investment opportunities. Through the fusion of Techzu’s bespoke digital solutions and Aires Applied Tech’s advanced cybersecurity measures, startups can confidently attract potential investors. The emphasis on innovation and security not only enhances their market appeal but also instils trust and confidence in the protection of sensitive information, bolstering the overall operations of SMEs.

Empowering SMEs with Robust Digital Solutions
At the heart of this alliance is the shared vision to empower SMEs in Singapore with seamless digital transformation. By harnessing the latest security technology, businesses can confidently navigate the digital landscape while fortifying themselves against potential cybersecurity threats.

Empowering SMEs: Embrace a Secure Digital Future
The strategic collaboration between Techzu and Aires Applied Tech lies a potent solution to mitigate ransomware incidents, especially for visionary SME owners eager to embrace digitalization and future-proof their businesses. Given the resource limitations most SMEs face in countering cyber threats (“Phishing and Ransomware,” 2023), this partnership empowers SMEs to proactively protect against ransomware attacks, effectively reducing the risk of successful breaches. Furthermore, with the availability of possible government grants, SMEs can confidently embark on their digitalization journey, knowing they have the necessary assurance and support.

Take the first step towards securing your business’s future. Explore the transformative solutions offered by Techzu and Aires Applied Tech today. Together, let’s unlock your business’s full potential in the digital era.

For inquiries and more information on available digital solutions and government grants, reach out to us and embark on a secure and prosperous future for your business.

Nominations for the ‘Top 20 Women in Cyber Security in Singapore’ to be announced on Thursday, 13 August 2020

The ‘Top 20 Women in Cyber Security in Singapore is to be announced this Thursday as part of the global ‘Top Women in Cyber Security’ initiative established to recognize women who have advanced the security technology industry.

The winners represent women in cybersecurity in Singapore for 2020 who have made significant contributions, advanced the industry and shaped the path for future generations of professionals among other vital contributions.

Amongst the winners are representatives of leading government and industry firms, from banking, finance, automotive, consulting and includes the Cyber Security Agency of Singapore, with judges also representative of leading cybersecurity identities in Singapore, Malaysia and Australia.

ICE71 presents ten startups at its second ICE71 Accelerate demo day

  • ICE71 is a partnership between Singtel Innov8 and NUS Enterprise
  • ICE71 Accelerate is now officially open to applications for their third cohort

ICE71 unveils the region’s next generation of cybersecurity startups at ICE71 Accelerate’s 2nd Demo Day

INNOVATION Cybersecurity Ecosystem at BLOCK71 (ICE71) has officially unveiled the region’s next generation of cyber-security startups at its second ICE71 Accelerate Demo Day in Singapore.

Coming from Singapore, India, Turkey, Vietnam, the UK, and US, the latest cohort of startups was chosen to participate in the three-month ICE71 Accelerate programme, supporting the development and acceleration of their growth.

The programme culminated in Demo Day, where they  pitched to an audience of over 150 investors and cyber-security leaders, seeking investment and business development opportunities.

ICE71 is a partnership between Singtel Innov8, the corporate venture capital arm of the Singtel Group, and NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS).

Singtel Innov8 chief executive officer Edgar Hardless, said, “Increasingly, enterprises and governments need to work more closely with startups to address the frequency, scale, and sophistication of cyber-threats globally. By bringing together these promising startups and connecting them with leading investors, enterprises and  government agencies, we aim to accelerate their growth to the next stage.

“This strengthens Singapore’s cyber-security ecosystem and positions the country as the leading regional cyber-security hub. This also creates a conducive environment for the roll-out of new and innovative technologies which can power Singapore’s Smart Nation goals.”

The latest batch of cyber-security startups builds on the success already achieved by the startups from ICE71 Accelerate’s first cohort unveiled in October 2018, of which two have already raised additional funding and expanded their operations internationally, while three are in discussions to secure further funding.

Professor Freddy Boey, deputy president (Innovation and Enterprise) of NUS said, “Cyber-security is among the key pillars supporting Singapore’s Smart Nation ambitions. It is therefore crucial for our people, businesses and enterprises to be well protected in today’s digital environment.

“The key to supporting the nation’s ambitions lies in driving cyber-security innovation and encouraging more enterprising cyber-security entrepreneurs and startups to make Singapore their home.”

“NUS welcomes the second cohort of startups under ICE71 Accelerate. We are heartened by the progress and achievements of the programme in the past year and look forward to attracting more cyber-security entrepreneurs and startups from across the region,” added Prof Boey.

ICE71 aspires to attract the best global cyber-security talent and foster cyber-security innovation in Asia.

Supported by the Cyber Security Agency of Singapore (CSA), the Info-communications Media Development Authority (IMDA) and corporate partners such as Cisco, ICE71 aims to strengthen Singapore’s growing cyber-security ecosystem by attracting and developing competencies and new technologies in the region.

ICE71 partners with CyLon, which delivers the ICE71 Accelerate programme and brings to the table a wealth of global experience as the leading global cyber-security accelerator and early stage investor in cyber-security startups.

After Demo Day, ICE71 will continue to guide and support these startups through further fundraising, product development and commercial expansion. It will also provide access to community events with ecosystem partners, thought leadership programmes, engagements with enterprises and government entities, and opportunities to present at regional cyber-security conferences.

ICE71 has three ongoing programmes: ICE71 Inspire, a week-long boot camp for entrepreneurs seeking to conceptualise their ideas and learn about starting their own cyber-security companies, ICE71 Accelerate, a three-month programme to develop and accelerate the growth of early-stage cyber-security startups, and ICE71 Scale, a launch pad to help mature cyber-security startups establish themselves and scale in the region.

ICE71 develops the cyber-security ecosystem of startups, corporates, government bodies, and institutes of higher learning with community events to create learning, business development and networking opportunities.

ICE71 Accelerate is now officially open to applications for their third cohort. Interested applicants may apply directly via www.ranosys.net/client/ice_71.

Startups from ICE71 Accelerate’s second cohort include:

689Cloud: Uses rights management technology to protect, track, and control access rights on externally shared digital documents, preventing data leaks and unauthorised redistribution of confidential data. Its chairman is a serial entrepreneur with over 30 years of experience including successful exits in the technology industry in the US, Japan, and Vietnam.

Aversafe: Provides a first-line-of-defense against credential fraud. Aversafe’s credential issuance and verification network connects employers, individuals and credential issuers together to prevent forgery and counterfeiting of credentials and licenses. It is already in talks with NUS for a proof-of-concept.

Blue Phish: Provides an online platform to drive cyber-security awareness and play a part in reducing the number of cyber-attacks that, 95% of the time, are created due to human error. E-learning modules are customisable and allow clients to align the learning objectives with their organisation’s risk policies. Blue Phish is founded by two female entrepreneurs from India.

GuardRails: Makes open-source security tools easily available in GitHub Pull Requests. The solution has been tuned to keep noise low and only report high-impact and relevant security issues. Its founder, a professional hacker for the last 15 years, was able to access over two million credit card details with only 10 minutes of engagement with one of the largest train operators in the world.

INFRA: Builds automated solutions for assessment and intelligence without the need for security analysts, eliminating human error and maximising reliability. Its founder identified the perpetrators of one of the largest cyber-attacks on the Middle East’s oil industry.

KEYLESS: Provides a privacy-first platform for authentication and identity management driven by user-friendly, secure biometrics that makes data privacy and security the rule, not the exception. Its co-founders all met while getting their INSEAD MBA.

LOKI: Provides cloud-based, single point management cyber-security and network management services for SMEs using SD-WAN technology in SaaS model. Its Turkish founder learned to code at the age of 10 and, by 21, developed cloud platforms for large MNCs and government institutions.

oneKIY: Addresses data privacy and security and runs on a decentralised, user-controlled security system. Coupled with an applications marketplace, users can download relevant apps to take full advantage of their KIY token. It was started by a Singaporean entrepreneur who has over 20 years of experience in hardware cryptographic solutions.

PhishBase: A mail transfer agent, sitting between the organisation and the internet, analysing emails flowing in and out of the system; preventing data loss, quarantining messages and using fuzzy logic to detect bad emails. Its founding team has diverse holdings in telecom services, ocean technologies, gaming/lottery, sport, print media, augmented reality, medical technologies as well as cyber-security.

SECONIZE: Enterprise IT risk assessment product that identifies cyber-risks and translates to continuous business impact. Its CEO has 20 years of experience at Honeywell, Philips and Cisco and is the holder of three patents.

Content retrieved from: https://www.digitalnewsasia.com/startups/ice71-presents-ten-startups-its-second-ice71-accelerate-demo-day.

10 promising startups to be featured in acceleration programme by NUS Enterprise and Singtel Innov8

Innovation Cybersecurity Ecosystem at BLOCK71 (ICE71) has unveiled ten promising cybersecurity startups at its second ICE71 Accelerate Demo Day, held on Wednesday, May 8, in Singapore.

Coming from Singapore, India, Turkey, Vietnam, the UK, and the US, these early-stage startups have been chosen to participate the ICE71 Accelerate programme.

The programme culminated in Demo Day, where they pitched to an audience of over 150 investors and cybersecurity leaders, seeking investment and business development opportunities.

Innovation Cybersecurity Ecosystem at BLOCK71 (ICE71) Accelerate Demo Day on Wednesday, May 8. Photo courtesy: ICE71
Innovation Cybersecurity Ecosystem at BLOCK71 (ICE71) Accelerate Demo Day on Wednesday, May 8. Photo courtesy: ICE71

CE71 is a partnership between Singtel Innov8, the corporate venture capital arm of the Singtel Group, and NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS).

Edgar Hardless, Chief Executive Officer, Singtel Innov8. Photo courtesy: ICE71
Edgar Hardless, Chief Executive Officer, Singtel Innov8. Photo courtesy: ICE71

“Increasingly, enterprises and governments need to work more closely with start-ups to address the frequency, scale, and sophistication of cyber threats globally,” said Edgar Hardless, CEO of Singtel Innov8. Bringing together promising start-ups and connecting them with leading investors, enterprises and government agencies will help to strengthen Singapore’s cybersecurity ecosystem, he added. “This also creates a conducive environment for the roll-out of new and innovative technologies which can power Singapore’s Smart Nation goals.”

The latest batch of cybersecurity start-ups builds on the success already achieved by the start-ups from ICE71 Accelerate’s first cohort unveiled in October 2018.

Professor Freddy Boey, Deputy President (Innovation and Enterprise) of NUS. Photo courtesy: ICE71
Professor Freddy Boey, Deputy President (Innovation and Enterprise) of NUS. Photo courtesy: ICE71

Professor Freddy Boey, Deputy President (Innovation and Enterprise) of NUS, said, “Cybersecurity is among the key pillars supporting Singapore’s Smart Nation ambitions. It is therefore crucial for our people, businesses and enterprises to be well protected in today’s digital environment. The key to supporting the nation’s ambitions lies in driving cybersecurity innovation and encouraging more enterprising cybersecurity entrepreneurs and start-ups to make Singapore their home.”

Supported by the Cyber Security Agency of Singapore (CSA), the Info-communications Media Development Authority (IMDA) and corporate partners such as Cisco, ICE71 aims to strengthen Singapore’s growing cybersecurity ecosystem by attracting and developing competencies and new technologies in the region.  ​

After Demo Day, ICE71 will continue to guide and support these start-ups through further fundraising, product development and commercial expansion. It will also provide access to community events with ecosystem partners, thought leadership programmes, engagements with enterprises and government entities, and opportunities to present at regional cybersecurity conferences.

Content retrieved from: https://www.connectedtoindia.com/10-promising-startups-to-be-featured-in-acceleration-programme-by-nus-enterprise-and-singtel-innov8-5476.html.

ICE71 advances cybersecurity innovation in Asia, presenting ten start-ups at its second ICE71 Accelerate ‘Demo Day’

Cyber Security

Innovation Cybersecurity Ecosystem at BLOCK71 (ICE71) has officially unveiled the region’s next generation of cybersecurity start-ups at its second ICE71 Accelerate Demo Day in Singapore.

Coming from Singapore, India, Turkey, Vietnam, the UK, and the US, the latest cohort of start-ups were chosen to participate in the three-month ICE71 Accelerate programme, supporting the development and acceleration of their growth.

The programme culminated in Demo Day, where they pitched to an audience of over 150 investors and cybersecurity leaders, seeking investment and business development opportunities. ICE71 is a partnership between Singtel Innov8, the corporate venture capital arm of the Singtel Group, and NUS Enterprise, the entrepreneurial arm of the National University of Singapore (NUS).

Edgar Hardless, CEO of Singtel Innov8 said, “Increasingly, enterprises and governments need to work more closely with start-ups to address the frequency, scale, and sophistication of cyber threats globally. By bringing together these promising start-ups and connecting them with leading investors, enterprises and government agencies, we aim to accelerate their growth to the next stage.

“This strengthens Singapore’s cybersecurity ecosystem and positions the country as the leading regional cybersecurity hub. This also creates a conducive environment for the roll-out of new and innovative technologies which can power Singapore’s Smart Nation goals.”

The latest batch of cybersecurity start-ups builds on the success already achieved by the start-ups from ICE71 Accelerate’s first cohort unveiled in October 2018, of which two have already raised additional funding and expanded their operations internationally, while three are in discussions to secure further funding.

Professor Freddy Boey, Deputy President (Innovation and Enterprise) of NUS said, “Cybersecurity is among the key pillars supporting Singapore’s Smart Nation ambitions. It is therefore crucial for our people, businesses and enterprises to be well protected in today’s digital environment. The key to supporting the nation’s ambitions lies in driving cybersecurity innovation and encouraging more enterprising cybersecurity entrepreneurs and start-ups to make Singapore their home.”

“NUS welcomes the second cohort of start-ups under ICE71 Accelerate. We are heartened by the
progress and achievements of the programme in the past year and look forward to attracting more cybersecurity entrepreneurs and start-ups from across the region” added Prof Boey.

ICE71 aspires to attract the best global cybersecurity talent and foster cybersecurity innovation in Asia. Supported by the Cyber Security Agency of Singapore (CSA), the Info-communications Media Development Authority (IMDA) and corporate partners such as Cisco, ICE71 aim to strengthen Singapore’s growing cybersecurity ecosystem by attracting and developing competencies and new technologies in the region. ICE71 partners with CyLon, which delivers the ICE71 Accelerate programme and brings to the table a wealth of global experience as the leading global cybersecurity accelerator and early stage investor in cybersecurity start-ups.

After Demo Day, ICE71 will continue to guide and support these start-ups through further fundraising, product development and commercial expansion. It will also provide access to community events with ecosystem partners, thought leadership programmes, engagements with enterprises and government entities, and opportunities to present at regional cybersecurity conferences.

ICE71 has three ongoing programmes: ICE71 Inspire, a week-long boot camp for entrepreneurs seeking to conceptualise their ideas and learn about starting their own cybersecurity companies, ICE71 Accelerate, a three-month programme to develop and accelerate the growth of early-stage
cybersecurity start-ups, and ICE71 Scale, a launch pad to help mature cybersecurity start-ups establish themselves and scale in the region. Most importantly, ICE71 develops the cybersecurity ecosystem of start-ups, corporates, government bodies, and institutes of higher learning with community events to create learning, business development and networking opportunities.

ICE71 Accelerate is now officially open to applications for their third cohort. Interested applicants may apply directly via www.ranosys.net/client/ice_71.

Start-ups from ICE71 Accelerate’s second cohort include:

  • 689Cloud: Uses rights management technology to protect, track, and control access rights on externally shared digital documents, preventing data leaks and unauthorised redistribution of confidential data. Its chairman is a serial entrepreneur with over 30 years of experience including successful exits in the technology industry in the US, Japan, and Vietnam.
  • Aversafe: Provides a first-line-of-defence against credential fraud. Aversafe’s credential issuance and verification network connect employers, individuals and credential issuers together to prevent forgery and counterfeiting of credentials and licenses. It is already in talks with NUS for a proof-of-concept.
  • Blue Phish: Provides an online platform to drive cybersecurity awareness and play a part in
    reducing the number of cyber-attacks that, 95% of the time, are created due to human error. E-learning modules are customisable and allow clients to align the learning objectives with their organisation’s risk policies. Blue Phish is founded by two female entrepreneurs from India.
  • GuardRails: Makes open-source security tools easily available in GitHub Pull Requests. The
    solution has been tuned to keep noise low and only report high-impact and relevant security
    issues. Its founder, a professional hacker for the last 15 years, was able to access over 2 million credit card details with only 10 minutes of engagement with one of the largest train operators in the world.
  • INFRA: Builds automated solutions for assessment and intelligence without the need for security analysts, eliminating human error and maximising reliability. Its founder identified the perpetrators of one of the largest cyber attacks on the Middle East’s oil industry.
  • KEYLESS: Provides a privacy-first platform for authentication and identity management driven by user-friendly, secure biometrics that makes data privacy and security the rule, not the exception. Its co-founders all met while getting their INSEAD MBA.
  • LOKI: Provides cloud-based, single point management cybersecurity and network management services for SMEs using SD-WAN technology in SaaS model. Its Turkish founder learned to code at the age of 10 and, by 21, developed cloud platforms for large MNCs and government institutions.
  • oneKIY: Addresses data privacy and security and runs on a decentralised, user-controlled
    security system. Coupled with an applications marketplace, users can download relevant apps to take full advantage of their KIY token. It was started by a Singaporean entrepreneur who has over 20 years of experience in hardware cryptographic solutions.
  • PhishBase: A mail transfer agent, sitting between the organisation and the internet, analysing emails flowing in and out of the system; preventing data loss, quarantining messages and using fuzzy logic to detect bad emails. Its founding team has diverse holdings in telecom services, ocean technologies, gaming/lottery, sport, print media, augmented reality, medical technologies as well as cybersecurity.
  • SECONIZE: Enterprise IT risk assessment product that identifies cyber risks and translates to continuous business impact. Its CEO has 20 years of experience at Honeywell, Philips and Cisco and is the holder of three patents.

Content retrieved from: https://www.ibtimes.sg/ice71-advances-cybersecurity-innovation-asia-presenting-ten-start-ups-its-second-ice71-30704.

Interview @ICE71 with Head of Innovation & Partnerships at Singtel Innov8 – developing cybersecurity innovation and talent globally

Jane Lo, Singapore Correspondent speaks with Paul Burmester, Head of Innovation & Partnerships of Singtel Innov8, about their role on developing the cybersecurity innovations and talents in the region, and globally in Europe and North America. Interview highlights include discussion on venture capital strategy versus other financial alternatives, mentoring, due diligence, and the investing process. And what success means, in Asia Pacific and other regions.
Paul is leading a team responsible for identifying and engaging with innovative startups globally, supporting their growth and driving engagement, in support of the Singtel Group strategy. The team also build and drive various Innov8 programmes and partnerships to activate and grow awareness in the startup ecosystem, such as the Innov8-Connect programme; ICE71, Asia’s first cybersecurity startup hub and ecosystem; and the Go-Ignite alliance, an initiative that offers startups access to over a billion customers through engagement with the Singtel Group, Telefonica, Orange and Deutsche Telekom.
Paul brings many years of experience from within the technology industry and continues to be amazed and excited by the new innovations and opportunities the industry presents.  His career has seen Paul drive six successful exits, effectively building and/or turning around early stage technology businesses to the point of global market success, lading to over $4.7B in increased shareholder value gained through profitable exits via IPO and/or acquisition.
Amongst his most notable recent successes in the technology sector was the exit of SpinVox, a leading developer of “Speech to Text” technology, that was acquired by Nuance for $103M;  the exit of ViAir, the first company to develop real time mobile access to Exchange and Notes, which was sold to Visto for $65M; Paragon Software, the inventor of SyncML, was acquired by Phone.com for $515M; and Mobile Systems international, the leading designer of mobile phone networks, sold to Marconi for $618M.
Currently based in Singapore, Paul has lived and worked in various countries across Europe, Asia and the Americas. In his spare time, Paul can be found climbing mountains, exploring jungles, diving under the oceans and seeking out new adventures.
Recorded in Singapore on Monday 25 March 2019 in recognition of ICE71 supporting the Cyber Risk Meetup, held at ICE71 on November 1, 2018 – event wrap-up is available here (https://australiancybersecuritymagazine.com.au/a-cyber-risk-meetup-exclusive-special-speaker-event-with-ice71/)

Content retrieved from: https://podcasts.apple.com/us/podcast/interview-ice71-head-innovation-partnerships/id1305527038?i=1000436941430.

Singapore: Response by Dr Janil Puthucheary, Senior Minister of State, Ministry of Communications and Information, at the Committee of Supply Debate, on 4 March 2019

Mar 05, 2019 (Contify via COMTEX) — March 4 — Ministry of Communications and Information, Government of Singapore issued the following Statement:

– Working with citizens and businesses to embrace digital transformation

1. Mr Chairman, as technology becomes part of our lives, we need to strengthen our digital readiness and cybersecurity. We must ensure that all Singaporeans have access to the tools and knowledge to benefit from technology; and that workers and businesses will thrive in a cyber-secure environment.

Ensuring that all Singaporeans have access to the tools and knowledge to benefit from technology

2. Several Members have expressed concerns about segments of our society that may be slower or less likely to benefit from our digital transformation journey.

3. We must ensure that the benefits of digitalisation are enjoyed by all. Digital readiness is a whole-of-nation effort. It requires the combined effort of Government, businesses, and the community.

4. Last year, we launched the Digital Readiness Blueprint and set up a Digital Readiness Council. The Council will provide strategic direction, guide the implementation of our digital readiness initiatives, examine the needs of the community in terms of digital inclusion, literacy and participation. Importantly, we have received significant support from the wider community and businesses to serve on the Council and its working committees.

5. Our efforts can be categorised into the areas of digital participation, digital inclusion, and digital literacy.

6. For digital participation, we will launch two new initiatives, to mobilise organisations from the private, people and public sectors to drive digital readiness efforts, and bring more citizens on board the digital readiness movement.

7. First, the Digital Participation Pledge is a voluntary, online pledge to encourage organisations to promote digital participation and inclusion. The primary focus is on businesses, and already 270 organisations from a wide range of industries – not just the tech industry, not just the online industry, but any industry that can make use of these digital technologies – have done so and pledged their commitment to expand their digital readiness efforts. Our target is to have 3,000 organisations on board this Pledge by 2021.

8. In another round, also for digital participation, but focusing on the community, we have partnered with MCCY to create Our Singapore Fund for Digital Readiness. This encourages community efforts to promote digital readiness, and enlarge the social commons – the non-profit sector around digital readiness. Projects can receive funding of up to $20,000, to support up to 80% of project costs.

9. Moving on to Digital Inclusion, and to answer Mr Cedric Foo, Ms Tin Pei Ling, and Ms Rahayu Mahzam about how we are helping everyone benefit from technology – Digital inclusion requires access to technology, as well as the skills and knowledge to use it safely and confidently.

10. We have organised over 90 Digital Clinics since 2017. Those digital clinics were by appointment, or irregular, adhoc, and often organised together with events. To provide this as a permanent service to residents, we launched the Tech Connect service at eight community centres last November. This service provides residents with personal assistance in a language they are comfortable with, on how to use digital devices and applications like Facebook and WhatsApp, so that they can connect with friends and family, and build stronger social networks, see how to use technology in everyday aspects of our lives. But they can also seek help for very practical issues like how to reset a password, This service will be rolled out to all community centres progressively as a permanent service.

11. We are encouraged by the large number of seniors who have picked up basic digital skills through our Silver Infocomm Initiatives. Collectively, our Silver Infocomm Initiatives have reached over 270,000 seniors.

12. To Mr Ong Teng Koon’s query on how we are ensuring that that digital connectivity remains affordable, the Home Access Programme and the NEU PC Plus programme provide subsidised infocomm devices and internet access to low-income households. To date, more than 70,000 households have benefitted from these programmes. This type of effort is not new. These sorts of programmes have existed as public sector programmes since 1999 – for more than 20 years – trying to find ways to make sure that the vulnerable, the lower income households that will benefit from that type of connectivity, will have access to the connectivity, as well as the devices to make use of that connectivity. And we have different programmes depending on whether or not there are school-going households.

13. In addition, MCI is working with IMDA and PA to run a pilot programme for elderly residents in MacPherson and Radin Mas constituencies. We plan to provide 200 residents who do not have mobile devices or internet connectivity with data-equipped smartphones. Grassroots volunteers will provide guidance, to help residents build skills and confidence in using this technology. This is part of a study to find out how we can encourage and support the adoption of digital technology among the digitally less ready.

14. Ms Lim Sun Sun asked how we can help individuals acquire the necessary skills, and ascertain what competencies are needed to function effectively in the digital economy. Her questions address the third component of Digital Readiness, after Participation and Inclusion, which is Digital Literacy. IMDA has developed a Basic Digital Skills Curriculum to ensure that citizens can pick up these skills in a structured manner.

15. The skills identified in the curriculum correspond to everyday activities, with an emphasis on prevailing technology trends such as the use of e-payments and mobile applications. The curriculum is being offered as a one-day course. Those who are keen to pick up Basic Digital Skills at their own pace can also do so online at the IM Silver portal. We will periodically refresh the curriculum and curate relevant content for seniors, taking into account emerging trends, and feedback from stakeholders.

16. In the longer term, we are also developing an information and media literacy framework that pulls together relevant information, media and cyber literacy skills that Singaporeans need to use social media and digital technology responsibly and safely. The framework will spell out a set of desired outcomes, and include content guidelines for programme owners to reference. We aim to roll it out later this year, and to refresh it regularly.

17. Mr Vikram Nair, Mr Darryl David and Ms Rahayu Mahzam asked how Singaporeans can navigate an increasingly complex cyberspace, given the threat of deliberate online falsehoods (DOFs), cybercrime, and cyber-attacks. Technology offers us greater convenience and connectivity. But it can be stressful to navigate the complex web of websites, apps, and services. Online threats worsen anxiety, reduce trust and undermine public confidence in institutions. This threatens national security. We have seen this happen in other countries. Singapore is not immune.

18. A well-informed and discerning public is Singapore’s first, and most important line of defence against online threats. The Government is improving public education to tackle the serious and pervasive problem of deliberate online falsehoods (DOFs). For example, the National Library Board’s Source. Understand. Research. Evaluate. (or S.U.R.E.) programme raises awareness of the dangers, and how to discern fake news. MOE’s New Media Literacies toolkit supports teachers’ efforts to help students navigate the digital environment. This includes learning how to detect falsehoods on social media, and how to interact responsibly with others online. Over the past two years, organisations like the Media Literacy Council has also supported ground-up projects to help the public become better informed media consumers through its Better Internet x Youth Call-for-Proposals.

19. To educate citizens and businesses on good cyber hygiene, CSA launched a cybersecurity awareness campaign in May 2018, called “Cyber Tips 4 You”. It reaches out to businesses on good cybersecurity practices through a variety of channels, such as talks, conferences, and an online portal called “GoSafeOnline”. CSA and IMDA are also working with schools, to help students pick up essential cybersecurity knowledge, and learn to effectively protect themselves from an early age.

20. We have launched Digital Defence as the sixth pillar of Total Defence. Like our battle against terrorism, we need everyone to play their part. That means being secure, alert and responsible online.

21. There are five things we can all do, including members of this House, to make vigilance against DOFs and good cyber hygiene a matter of personal responsibility. I will take this opportunity to remind all:

a. Please don’t post or forward dubious information, without checking

b. Use a strong password and two-factor authentication

c. Install, use, and update antivirus software

d. Update software as soon as possible

e. Watch out for signs of phishing.

22. These 5 practices go a long way to help all of us guard against fake news, and stay safe online.

Helping workers and businesses to thrive in a cyber-secure environment

23. Mr Vikram Nair asked how we assess the cybersecurity of our government systems. A safe and trusted cyberspace is essential for Smart Nation. This includes strengthening partnerships between the Government and industry, to achieve a higher level of collective cybersecurity. We will need the combined efforts of our stakeholders – industry, academia, and the community – to achieve this.

24. One of the many ways we can do this is through the Government Bug Bounty Programme. From December last year to January, 400 “white hat” hackers – “white hat” hackers are people who have hacking skills and use them for positive reasons, for good, as compared to “black hat” hackers who are doing so for criminal reasons – took part in the Government Bug Bounty Programme, organised by GovTech and CSA. They have “stress-tested” the defences of five Internet-facing government systems, and identified 26 vulnerabilities – all of which have been remediated.

25. This process raised our cybersecurity standards. We gained insights into potential attack vectors, better secured our web applications, and improved our mechanisms for patching vulnerabilities effectively and comprehensively. Seven out of the top 10 awarded bounty participants were from Singapore. I am happy to see our local cybersecurity community contribute to improving the security of our systems. We will conduct more of such programmes in the future. And I hope some of the participants have applied for jobs here at CSA.

26. Mr Teo Ser Luck asked about our targeted efforts to seize new opportunities in the digital economy. Cybersecurity is an area of economic opportunity that complements Singapore’s existing strengths – strong connectivity, a digitally savvy workforce, and a reputation for trust and transparency. A strong cybersecurity ecosystem will provide expertise and solutions that contribute to a more resilient digital infrastructure.

27. We are helping cybersecurity start-ups scale, and establish their credentials through the Innovation Cybersecurity Ecosystem at Block71 (ICE71), which brings together a community of entrepreneurs, investors and corporate partners. This community has done well since its launch last year. It has reached out to more than 50,000 people through various events. We are starting to see a growth of local cybersecurity start-ups.

28. One such company is The Cyber Assembly, a home-grown start-up that connects people to cyber skills through an active learning cyber range, bootcamp programmes, and even a mobile game called “What the Hack”. ICE71’s Scale programme provided opportunities for Mr Ng Pan Yong, the company’s founder, to connect with the right audience, and grow his business.

29. In September 2018, CSA launched an Industry Call for Innovation to catalyse the development and adoption of innovative cybersecurity solutions. CSA received more than 70 proposals to develop solutions for 10 cybersecurity challenge statements. In 2019, the Government will expand the Call for Innovation into the Cyber Security Innovation and Growth Programme to support local cybersecurity companies to create innovative and relevant cybersecurity solutions, to meet the changing needs of industry.

30. Mr Low Thia Kiang asked how we are meeting Singapore’s cybersecurity manpower needs. Building a strong cybersecurity workforce is important – not only for the development of our cybersecurity industry, but also for our national security.

31. As our world becomes more connected and new cyber threats emerge, demand for cybersecurity talent has grown exponentially. Across the public and private sectors, the total number of jobs for cybersecurity professionals tripled from 2012 to 2017, to 5,300. At the same time, the actual number of cybersecurity professionals in employment quadrupled, to 4,900, or about 3 per cent of the ICT workforce. We expect the strong demand for cybersecurity professionals to continue.

32. Our agencies are working closely with each other, and the cybersecurity ecosystem, to strengthen the pipeline of cybersecurity professionals; deepen their skills and technical expertise; and improve the career progression and recognition for the professionTo meet industry needs, IMDA and CSA drive targeted efforts under the TechSkills Accelerator (TeSA) initiative. This includes the Cyber Security Associates and Technologists Programme (CSAT), which develops and upskills fresh and mid-career professionals for cybersecurity jobs through on-the-job training. Eight companies have committed to develop more than 900 professionals by 2021. In addition, over 3,000 individuals have benefitted from 50 cybersecurity courses supported under TeSA’s Critical Information Technology Resource Programme (CITREP+).

33. To attract, develop and retain cybersecurity practitioners in the public sector, CSA works closely with GovTech and other agencies to build a core of cybersecurity specialists who will be deployed across agencies to support the Government’s cybersecurity needs.

34. Mr Douglas Foo asked how we are developing products that contribute toward a safe and trusted cyberspace for Singapore. As part of MCI’s work to ensure our standards and regulations support the growth of the digital economy, we have made progress in building a strong cybersecurity standards regime in Singapore.

35. I am pleased to announce that this has resulted in Singapore attaining the status of a Common Criteria Certificate Authorising Nation as of January 2019. This Common Criteria is the de facto standard for cybersecurity product certification around the world. So today, 30 nations, including Singapore, are part of the Common Criteria Recognition Arrangement (CCRA) for the mutual recognition of certifications. But not all countries are authorising nations where you can produce the product. There is an ecosystem of 30 countries that recognise this, but we have now attained the status of an authorising body to produce the product and extend it globally.

36. Being a Certificate Authorising Nation allows local companies to develop globally -recognised products within Singapore. There are estimated cost and time savings – because you do not have to send your product overseas for evaluation or bring the testers and evaluators here to Singapore. We can do it all within our economy -It is a step towards becoming a regional hub for product evaluation and certification. We are attracting global evaluation laboratories to anchor their operations in Singapore. These developments will accelerate Singapore’s exports of world-class cybersecurity products, and create good jobs for Singaporeans.

37. To encourage SMEs to build more secure products and adopt Common Criteria certification, we have new SecureTech track under the Accreditation@SG Digital programme. This Accreditation@SG programme helps local SMEs to improve their business practices, engage with the local community, and be considered by government agencies for procurement of their products.

Closing

38. Digital transformation is not about hardware or software. It is about citizens, workers and businesses who innovate, utilise, and benefit from these technologies.

39. Our efforts spanning digital readiness and cybersecurity will help these important stakeholders, so that we can embrace the potential of a common digital future together.

Content retrieved from: https://www.marketwatch.com/press-release/singapore-response-by-dr-janil-puthucheary-senior-minister-of-state-ministry-of-communications-and-information-at-the-committee-of-supply-debate-on-4-march-2019-2019-03-05?mod=mw_quote_news.

Innovation key as Cisco unveils centre of excellence in Singapore

L-R: Irving Tan (Cisco); Chng Kai Fong (EDB); Miyuki Suzuki (Cisco) and Bee Kheng Tay (Cisco)L-R: Irving Tan (Cisco); Chng Kai Fong (EDB); Miyuki Suzuki (Cisco) and Bee Kheng Tay (Cisco)

Credit: Cisco

Cisco has launched a cyber security centre of excellence in Singapore together with a new co-innovation centre, the first in Southeast Asia.

Both facilities are designed to spur further digital innovation and development in line with Singapore’s focus on digital innovation.

To achieve this, the networking vendor plans to leverage its ecosystem of partners and alliances through closer collaboration and innovation to tackle challenges unique to the region.

The launch of its co-innovation centre – the 14th globally – is a major effort in that direction, bringing together customers, industry partners, start-ups, application developers, accelerators, government organisations and universities.

“Cisco’s co-innovation centre and cyber security centre of excellence will not only build new digital capabilities in Singapore for the Asia Pacific region, but also provide opportunities for Singaporeans to work with the best minds in Cisco and its partners to create new and innovative solutions that enable and secure digital transformation in different industries,” said Chng Kai Fong, managing director of Singapore’s Economic Development Board.

“We welcome global technology leaders like Cisco to deepen their presence in our ecosystem and we look forward to a fruitful partnership with Cisco,” added Chng, who inaugurated the launch of both centres at the firm’s new Mapletree Business City office.

Furthermore, highlighting the need for continued cyber security investment, a recent Cisco study, ‘ready, steady, unsure – technology perspective into Asia Pacific’s readiness for digital transformation’, found that cyber security and the Internet of Things (IoT) are top of mind for business leaders.

To illustrate this, the report found that 65 per cent of leaders in APAC consider cyber security paramount to succeed in digital transformation, particularly in financial services, which came in at 80 per cent.

Furthermore, 85 per cent of companies regionally have adopted the technology and 42 per cent indicated they had made security upgrades due to a breach.

Read more MSP mania is upon the channel, but can Asian partners prevail?

“At Cisco, we build the bridge between hope and possibility,” said Irving Tan, senior vice president and chief of operations at Cisco. “This is only possible when innovative technology and imaginative people come together around a common purpose.

“Innovation no longer happens behind the closed doors of research and development labs, but in open ecosystems.

“By fostering local and global partnerships, Cisco is leading innovation in cutting edge technology solutions that will create a better future for the region.”

Cisco has strong regional partnerships and global alliances such as that with Interpol, as well as the cyber security agency of Singapore, and with the government of Indonesia, which was the first country in Southeast Asia to be part of the vendor’s country digital acceleration (CDA) program.

Read more How can partners capitalise on the new data centre agenda?

The firm is also playing an active role in ICE71 ‘innovation cyber security ecosystem at Block71’, the region’s first cyber security startup hub in partnership with Singtel Innov8 and NUS Enterprise.

“Singapore joins our global network of co-Innovation centres, with the mandate to identify, collaborate and co-engineer innovative solutions beyond Cisco’s traditional offerings that move the dial for our customers and partners,” added David Ward, senior vice president engineering, CTO and chief architect at Cisco.

“Singapore is a world-leader in innovation, and we are excited to work with local government, start-ups, partners and customers to extend that spirit of innovation and drive new, digital solutions that improve economic and social conditions.”

The co-innovation centre aims to provide physical and virtual laboratories for proof of concept development, experimentation and testing.

Furthermore, the centre’s customer innovation rooms, which offer a space to co-create and prototype new solutions, will be located within the vendor’s new office 80,000 square foot office space at Mapletree Business City II.

Content retrieved from: https://sg.channelasia.tech/article/657819/innovation-key-cisco-unveils-centre-excellence-singapore/.

Cisco opens co-innovation centre in SG to drive data-driven marketing for brands

Cisco

Technology leader Cisco has launched its “Co-Innovation Center” in Singapore, making it the first in Southeast Asia and 14th globally. The centre, with a focus in the Internet of Things (IoT) and cybersecurity space, will bring together industry players, accelerators, universities and start-ups to co-create and prototype new solutions to problems unique to the region. Physical and virtual laboratories will be available at the facility for proof of concept development, experimentation and testing.

In a statement to Marketing, a Cisco spokesperson said, “Data-driven marketing is becoming increasingly important for brands to reach their right audience. As one of the leading companies in networking, Cisco is reinventing the way data is collected, protected and analysed. There is no limitation on type of partners given the limitless number of challenges we could collaborate on and solve at the Co-Innovation Center.”

The spokesperson added that the centre is focused on building solutions that are connected and secure. This means
“tremendous amount of anonymised data” can be driven from the success of these solutions which is absolutely relevant for marketers today. Types of data Cisco can currently generate include crowd analytics, traffic analytics, behavioural analytics, security analytics and queue analytics. They can also track cameras, WiFi, and videos.

Cisco will be investing around SG$25 million dollars in the Co-Innovation Center as well as the Cybersecurity Center of Excellence that the company has also launched to expand Cisco’s threat intelligence research and security incident response capabilities in the Asia Pacific region. Cisco said the money will go to the real estate for the centres’ laboratories, deploying the requisite technologies, and hiring people across a range of roles.

“The Co-Innovation Center will aim to provide local organisations access to a global network to scale ideas, share success stories, best practices, and market expertise,” added Cisco’s spokesperson.

Cisco’s recent partnerships include a global alliance with INTERPOL and a Memorandum of Collaboration with the Cyber Security Agency of Singapore. It also plays an active role in ICE71 “Innovation Cybersecurity Ecosystem at Block71”, the region’s first Cybersecurity startup hub in partnership with Singtel Innov8 and NUS Enterprise.

According to a recent Cisco study titled “Ready, Steady, Unsure – Technology Perspective into Asia Pacific’s Readiness for Digital Transformation”, Cybersecurity and IoT are top of mind for business leaders. 65% of leaders in Asia Pacific consider cybersecurity paramount to succeed in digital transformation, particularly in financial services. 85% of companies regionally adopted cybersecurity technologies and 42% indicated that they had made security upgrades due to a breach. Among those surveyed, 33% of business leaders consider IoT a priority and almost all of those have adopted it.

Content retrieved from: https://www.marketing-interactive.com/cisco-opens-co-innovation-centre-in-sg-to-drive-data-driven-marketing-for-brands/.

Cisco Launches Innovation Center for Cybersecurity and IOT in Singapore

Cisco has today announced the launch of its Co-Innovation Center and Cybersecurity Center of Excellence in Singapore.

The two centers are designed to catalyze digital innovation and development in line with the focus areas of Singapore’s Digital Economy Framework for Action.

The Cisco Co-Innovation Center, the company’s first in Southeast Asia, and 14th globally, will bring together customers, industry partners, start-ups, application developers, accelerators, government organizations and universities to work on problems unique to the region, with a particular focus on Cybersecurity and the Internet of Things (IoT).

The Cisco Cybersecurity Center of Excellence (CCX) will expand Cisco’s threat intelligence research and security incident response capabilities in the Asia Pacific region. The CCX comprises a new Talos threat intelligence headquarters and Cisco Security Operations Center (SOC) that will partner with government, industry, and universities to improve national cybersecurity posture and grow regional talent.

The two centers, located at Cisco’s new office in Mapletree Business City, were inaugurated by Chng Kai Fong, Managing Director of Singapore’s Economic Development Board.

“Cisco’s Co-Innovation Center and Cybersecurity Center of Excellence will not only build new digital capabilities in Singapore for the Asia Pacific region, but also provide opportunities for Singaporeans to work with the best minds in Cisco and its partners to create new and innovative solutions that enable and secure digital transformation in different industries. We welcome global technology leaders like Cisco to deepen their presence in our ecosystem and we look forward to a fruitful partnership with Cisco,”

Mr Chng said.

Speaking on Cisco’s commitment to drive innovation and digitalisation in Singapore and across Southeast Asia, Irving Tan, Senior Vice President and Chief of Operations at Cisco said,

Irving Tan

“At Cisco, we build the bridge between hope and possibility. This is only possible when innovative technology and imaginative people come together around a common purpose. Innovation no longer happens behind the closed doors of R&D labs, but in open ecosystems. By fostering local and global partnerships, Cisco is leading innovation in cutting edge technology solutions that will create a better future for the region”.

Cisco is a strong partner to governments and businesses driving innovation in Cybersecurity and preparing local talent for IT jobs of the future. Recent partnerships include a global alliance with INTERPOL, a Memorandum of Collaboration with the Cyber Security Agency of Singapore and playing an active role in ICE71 ‘Innovation Cybersecurity Ecosystem at Block71’, the region’s first Cybersecurity startup hub in partnership with Singtel Innov8 and NUS Enterprise.

According to a recent Cisco study titled ‘Ready, Steady, Unsure – Technology Perspective into Asia Pacific’s Readiness for Digital Transformation’, Cybersecurity and IoT are top of mind for business leaders. Sixty-five percent of leaders in Asia-Pacific consider Cybersecurity paramount to succeed in digital transformation, particularly in financial services (80 percent). Eighty-five percent of companies regionally have adopted the technology and 42 percent indicated they had made security upgrades due to a breach. IoT is equally relevant. Among those surveyed, 33 percent of business leaders consider IoT a priority and almost all of those (32 percent) have adopted it.

The Co-Innovation Center will provide physical and virtual laboratories for proof of concept development, experimentation and testing. The Center’s Customer Innovation rooms which offer a space to co-create and prototype new solutions will be located within Cisco’s new office 80,000 square foot office space at Mapletree Business City II. With an open plan designed for the collaborative future of work, the Cisco Singapore office is designed to facilitate creative “accidental collisions” to ensure that it delivers on its innovation promise.

Content retrieved from: http://fintechnews.sg/28848/iot/cisco-launches-innovation-center-for-cybersecurity-and-iot-in-singapore/.

A Cyber Risk Meetup Exclusive & Special Speaker Event with ICE71

Incognito war stories

Breaking into a building, accessing the hidden world of a rogue intruder, and other “war stories” were shared at the third edition of the Cyber Risk Meetup held on 1st November, 2018 at JustCo in the heart of Singapore’s Central Business District. Co-organized with ICE71, the region’s first cybersecurity entrepreneur hub founded by Singtel Innov8 (corporate venture capital unit of Singtel), and NUS (National University of Singapore), the sell-out event of security practitioners and enthusiasts networked and shared best practices, thoughts and experiences on defending against the rapidly growing cybersecurity risks in the region.

 

Cyber Risk Meetup 1

 

“Privasec’s Chief Offensive Officer, and leader of the Red Team Karan Khosla sharing real life case studies with the audience. Photo Credit: ICE71”

Keynoting the event was lessons learned from Red Teaming exercises. As opposed to traditional assessments such as Penetration Testing, which may be scoped to focus only on technical risk. Red teaming assesses the organisation’s business risk and its ability to detect and respond to incidents

Privasec’s Chief Offensive Officer, and leader of the Red Team Karan Khosla, revealed two real-life case studies and the role social engineering played in gaining unauthorised access to buildings and secured areas

Most non-practitioners may over-estimate the effort and time spent on the actual attack phase, but in fact, he said, “most of the cases, reconnaissance takes up the 90% of time”.

 

Cyber Risk Meetup 2

 

“Panelist (Steve Ng (Lead, Digital Operations & Platforms, Mediacorp), David Robinson (CTO, STT Connect) and Viktor Pozgay (CISO,Avaloq Sourcing APAC), moderated by Shamane Tan (APAC Cyber Security Advisor). Photo Credit: ICE71”

Typical techniques to bypass physical access controls include looking legitimate (e.g. putting on officious looking uniforms), tailgating (following smokers back into the buildings via fire-exit doors), claiming false credentials in requesting for information such as access cards (and replicating them).

Another common technique is phishing, to extract confidential information such as user ID and passwords.  In a case recounted by Karan, the password opened up access to a master mailbox that led to several inboxes of the senior executives.

The key to defend and protect against these social engineering attacks is identifying the weakest link – and usually this means enhancing security awareness of staff.

This was one of the key messages of the discussion panel.

 

Cyber Risk Meetup 3

 

“ICE71 organisers welcoming guests to the Cyber Risk Meetup 1st Nov 2018 event at JustCo, Singapore. Photo Credit: ICE71”

Panelist Steve Ng (Lead, Digital Operations & Platforms, Mediacorp), David Robinson (CTO, STT Connect) and Viktor Pozgay (CISO,Avaloq Sourcing APAC), moderated by Shamane Tan (APAC Cyber Security Advisor) emphasised that whilst there are growing sophistication of attackers and number of breaches, there are basic Cyber Hygiene measures that can be adopted by everyone.

Exercising caution over the use of devices such as USBs, and adopting encryption when transmitting confidential and sensitive information are some well-known examples.  Interestingly, while brute-forcing password may be a way to access a google email or Hotmail account, most hackers seek to reset passwords relying on answers found on social media to “what is your pet’s name”.   The lesson is that whilst secure passwords are critical, minimal divulging of personal information on social media or other public platforms is also crucial.

Cyber Risk Meetup 4

“Guests networking to the Cyber Risk Meetup 1st Nov 2018 event at JustCo, Singapore.. Photo Credit: ICE71”

Key best practices for enterprises were also highlighted during the 30-minute panel discussion. (LIVE FEED LINK HERE)

Gaining senior management level buy-in into cyber security polices and strategies is a priority, according to Viktor Pozgay (CISO,Avaloq Sourcing APAC).

Rapid remediation is an important defence when there is an incident.  “When you have an intruder in your network, the question you need to ask yourself is how fast can you remediate”, and “if you find that it takes you weeks to patch, start making changes now”, said David Robinson (CTO, STT Connect).

Engaging a variety of vendors for different parts of security is also part of effective security risk management, to minimize single point of failure whether through legitimate or illegitimate methods, according to Steve Ng (Lead, Digital Operations & Platforms).

Cyber Risk Meetup 5

“Prashant Haldankar, CISO Privasec raising a question to the panel. Photo Credit: ICE71”

“People is your most important asset”, Steve said. Incidents need to be identified as early as possible, and with staff who are knowledgeable with the right skills and experience, they would be able to identify early warning signs and any anomalous behavioural patterns.  “No one does the attack on day 1, there are leading indicators”, David agreed.

So, whilst the weakest link may be the staff, they are also key to protecting the organisation against attacks.

“Educate your people”, said Steve. Indeed, raising awareness of the cyber security landscape and the part that everyone can play in protecting the organisation is the ultimate best defence.

Content retrieved from: http://aseantechsec.com/a-cyber-risk-meetup-exclusive-special-speaker-event-with-ice71/.

NUS Enterprise and Singtel Innov8 launch new hub for cybersecurity startups

NUS Enterprise is the entrepreneurial arm of the National
University of Singapore, while Singtel Innov8 is a corporate venture
capital fund with its own set of decision-making, approval and funding
processes and a fund size of US$250 million.The Innovation Cyber Security Ecosystem at Block 71 (ICE71) aims
to enhance Singapore’s cybersecurity network ICE71 and create a strong regional
cybersecurity ecosystem with links to the global industry.

It intends to attract and develop capabilities and new technologies.
The initiative will provide support services such as access to working space,
funding, domain experts as well as networking events.

Start-ups at ICE71 will also have access to enterprise grade
cybersecurity resources enabling them to develop and test proof-of-concept
solutions in a virtual environment.

ICE71 will open in April at Block 71 Ayer Rajah Crescent
where BLOCK71 Singapore is also located.

ICE71 will offer three different startup programmes. ICE71
Inspire is a one-week programme developed for individuals from academia and
industry, to test their theories and ideas, qualify feasibility and commercial
viability, and develop their entrepreneurial skills. The programme is a
platform to develop workable business models. It is run by CyLon, a leading
European accelerator.

There is a three-month accelerator programme for early-stage
cybersecurity start-ups. During this programme, start-ups will participate in a
curriculum run by CyLon to sharpen their company’s value proposition,
go-to-market strategy, commercial model and business strategy. Participants
will receive capital funding and have access to a co-working space within
ICE71.

The third programme, called ICE Scale, is designed to help
international and local start-ups grow their business within the Asia Pacific
region. Under this programme, participants will take up residence in ICE71,
establishing their Asia Pacific operations.

An initiative by NUS Enterprise with strategic partners,
BLOCK71 Singapore offers a thriving ecosystem for the start-up community,
providing them with mentorship and growth opportunities both locally and
overseas.

ICE71 is supported by the Cyber Security Agency of Singapore
and the Info-communications Media Development Authority.

Speaking at the Committee of Supply Debate, Singapore
Minister for Communications and Information Dr Yaacob Ibrahim talked
about ICE71 as an example of an initiative to grow a strong cybersecurity
ecosystem in Singapore.

“As a founding partner of ICE71, NUS is excited to help
expand the cybersecurity ecosystem. We have a vibrant community comprising some
of the country’s top cybersecurity expertise at the National Cybersecurity
R&D Laboratory, the Singapore Cybersecurity Consortium, and the NUS-Singtel
Cyber Security Research and Development Laboratory. We are pleased that ICE71
will be part of this thriving network,” said Dr Lily Chan, CEO of NUS
Enterprise.

“We see the new cybersecurity track in the Lean
LaunchPad Singapore programme to be launched by NUS Enterprise as a move to
strengthen the University’s ability to further nurture home-grown competencies
and start-ups in the cybersecurity space.”

The Lean LaunchPad Singapore programme, piloted by NUS
Enterprise as the first entrepreneurial education programme for researchers,
helps research scientists and engineers turn their inventions into commercially
viable products and feasible business ventures.

Mr Edgar Hardless, CEO of Singtel Innov8 said that the launch of
ICE71 highlights the urgency of developing innovative solutions to address the
rapid increase in the frequency, scale and sophistication of cybersecurity
threats.

“Through ICE71, we aim to nurture and groom suitable Singaporean and
foreign cybersecurity start-ups to help bring their ideas to life. With our
combined resources, we can help these start-ups fine-tune and market their
cybersecurity solutions globally,” he added.

Content retrieved from: https://www.opengovasia.com/nus-enterprise-and-singtel-innov8-launch-new-hub-for-cybersecurity-startups/.

Singtel Innov8 and NUS to create Singapore’s first regional cyber-security startup hub

  • ICE71 aims to strengthen Singapore’s growing cyber-security ecosystem
  • Positions Singapore as a sustainable hub for cyber-security in the region
Singtel Innov8 and NUS to create Singapore's first regional cyber-security startup hub

SINGTEL Innov8, the corporate venture capital unit of Singtel, and the National University of Singapore (NUS), through its entrepreneurial arm NUS Enterprise, on March 6 joined forces to launch Innovation Cyber Security Ecosystem at Block 71 (ICE71).

This will be the country’s first integrated regional cyber-security hub to spawn and support early stage and growing startups, entrepreneurs and academics from around the world.

Supported by the Cyber Security Agency of Singapore (CSA) and the Infocommunications Media Development Authority (IMDA), ICE71 aims to strengthen Singapore’s growing cyber-security ecosystem by attracting and developing competencies and new technologies. Singtel and NUS have been deepening their partnership to support Singapore’s transformation into a Smart Nation and help enable the country’s digital economy.

Through the NUS-Singtel Cyber Security Research and Development Laboratory that was set up in 2016, the partners are jointly developing advanced cyber-security solutions that could help mitigate the rapid rise in cyber-security risks.

“ICE71 is a natural transition for the Singtel and NUS partnership and highlights the urgency of developing innovative solutions to address the rapid increase in the frequency, scale and sophistication of cyber-security threats,” said Singtel Innov8 chief executive officer Edgar Hardless (pic, above).

“Through ICE71, we aim to nurture and groom suitable Singaporean and foreign cyber-security startups to help bring their ideas to life. With our combined resources, we can help these startups fine tune and market their cyber-security solutions globally. This comprehensive programme strengthens our cyber-security ecosystem and positions Singapore as a sustainable hub for cyber-security in the region.”

ICE71 is teaming up with London-based CyLon, Europe’s leading cyber-security accelerator, to provide a range of open learning platforms and support to cyber-security startups through three initial programmes – Inspire, Accelerate and Scale.

Singtel Innov8 and NUS to create Singapore's first regional cyber-security startup hubInspire is a five-day pre-accelerator boot-camp for researchers, students and aspiring entrepreneurs to test and qualify cyber security business concepts.

Accelerate, is a three-month accelerator programme to equip early stage startups with financial, business structure and go-to-market strategies to progress their business.

Scale is a landing pad designed to provide market access to help growing global and local startups to scale their businesses into the Asia Pacific region.

“As a founding partner of ICE71, NUS is excited to help expand the cyber-security ecosystem. We have a vibrant community comprising some of the country’s top cyber-security expertise at the National Cybersecurity R&D Laboratory, the Singapore Cybersecurity Consortium, and the NUS-Singtel Cyber Security Research and Development Laboratory. We are pleased that ICE71 will be part of this thriving network,” said NUS Enterprise CEO Dr Lily Chan (pic, top right).

ICE71 will create a strong regional cyber-security ecosystem with solid foundations and links to the global industry.

Beyond providing support services such as access to working space, funding, subject matter experts and networking events, ICE71 also provides startups with enterprise grade cyber-security resources such as Singtel’s cyber-range to test and build proof-of-concept solutions in a virtual environment.

Singtel Innov8 and NUS to create Singapore's first regional cyber-security startup hubCSA deputy chief executive (Development) Teo Chin Hock (pic, right), said: “The cyber-security domain offers opportunities for innovation and economic growth. This partnership highlights our shared commitment to bolster cyber-security innovation in Singapore’s startup ecosystem. By working together with the industry, we aim to prepare entrepreneurs, equip them with the know-how as well as help them, grow and scale up by bringing their ideas and solutions to the global market.”

ICE71 is the second collaboration between Singtel Innov8 and the University’s entrepreneurial division.

In 2011, both parties spearheaded the BLOCK71 initiative in Singapore, a strategic programme to help startups gain one-stop access to the resources they need to effectively develop and market their solutions to customers.

BLOCK71 San Francisco soon followed in 2015 to strengthen ties between the US and Singapore start-up communities and ecosystems.

The combination of Singtel Innov8’s sizable cyber-security investments in the US and Israel, as well as access to the Singtel Group, and NUS’ global presence, network and history of nurturing current and future entrepreneurial leaders, places the team as pioneers in positioning Singapore on the international stage.

Singtel Innov8 and NUS to create Singapore's first regional cyber-security startup hubIMDA assistant chief executive (Industry development) Angeline Poh (pic, bottom right), said: “Cyber-security is a key pillar of the Infocomm Media Industry Transformation Map, and is essential to drive Singapore’s Digital Economy. Through this partnership, we aim to support Singapore’s promising cyber-security start-ups as they accelerate and scale their solutions to address global challenges, from right here in Singapore.”

ICE71 will be opening its doors in April 2018 at Block 71 Ayer Rajah Crescent, the heart of Singapore’s innovation cluster of technology start-ups.

Interested startups and cyber-security entrepreneurs can find more information at ranosys.net/client/ice_71 and register to be a part of the programme.

ICE71 will begin its first call global out to invite the inaugural cohort in April 2018.

ICE71 and its partners began engaging corporations, government agencies, institutes of higher learning, and industry experts to participate in growing and nurturing the cyber-security ecosystem.

Content retrieved from: https://www.digitalnewsasia.com/digital-economy/singtel-innov8-and-nus-create-singapores-first-regional-cyber-security-startup-hub.

Horangi praises Singapore’s initiative on new cybersecurity accelerator programme

Horangi praises Singapore’s initiative on new cybersecurity accelerator programme. In the pursuit of becoming Start-up Nation, Singapore plans to launch its first cybersecurity-centric accelerator programme in April.

The pioneer programme will commence with the support from Singapore’s very own Info-communications Media Development Authority (IMDA) and the Cyber Security Agency (CSA) with aims to accelerate start-ups in cybersecurity sectors.

Under the programme, the cybersecurity entrepreneurs have access to a three month stint at a start-up hub, named Innovation Cybersecurity Ecosystem at Block 71 (ICE71). In that hub, the hopefuls will learn pre-accelerator boot camp, accelerator training programme and landing pad for start-ups with Europe-based cybersecurity accelerator Cylon.

“Government support for cyber security is critical to grow Singapore’s regional expertise and cyber security startups like Horangi will benefit from these programs,” said Paul Hadjy, CEO at Horangi Cyber Security (Horangi).

Hadjy told Hackwarenews team that the state top-down approach is essential in supporting the embryonic state of cybersecurity development in Singapore.

In his opinion, the barrier for growth in the cybersecurity security often pointed down to the shortage of talents in the field. Thus, the accelerator programme will allow the startups to gain access to funding as well as the right mentorship to groom talents and expertise.

Besides the lack of talents, Hadjy highlighted that many Southeast-Asia based firms have downplayed the values of cyber security in their overall corporate strategy.

“Many ASEAN companies view cyber security as an IT task and not an overarching business risk,” opined Hadjy.

This oversight causes many decision-makers to set ineffective budget targets for cyber security spending, which in turn leads to myopic, ineffective spending. However, he noted that corporate companies are gradually changing their mindset on the importance of cyber-security.

“Today, organizations in Singapore and other regions are shifting towards a more holistic view of cyber security; where it has become a pressing concern that affects business processes across all enterprises.” concluded Hadjy.

Going forward, he believed that enterprises should engage a third party cyber security company in helping them to analyse their profile and identify system vulnerabilities. Then, the outcome of the analysis can be used to formulate plan to protect key data and assets from breaches.

Content retrieved from: https://hackwarenews.com/horangi-praises-singapores-initiative-new-cybersecurity-accelerator-programme/.

Cyber-security start-up hub to groom entrepreneurs

MINISTER FOR COMMUNICATIONS AND INFORMATION YAACOB IBRAHIM

Singapore is setting up its first cyber-security start-up incubation hub, with funding to be provided for new inventions, as the country strives to carve out a role for itself in the new digital economy.

Dubbed Innovation Cybersecurity Ecosystem @Block 71 (ICE71), the hub will open its doors to cyber-security entrepreneurs next month.

It will be located in a cluster of industrial buildings in Ayer Rajah Crescent known affectionately and collectively as “Block 71”. The area is currently home to about 700 technology start-ups.

The aim is to hand-hold aspiring entrepreneurs to ensure their business ideas are sound, and to ensure they have the necessary financial and business know-how to take their ideas to the next step. Help will also be given for expansion to overseas markets and access to venture funding.

The Infocomm Media Development Authority (IMDA) and Singapore’s Cyber Security Agency (CSA) are working with Singtel and the National University of Singapore (NUS) to launch ICE71.

The hub will be located within the existing premises of Singtel’s corporate venture arm Innov8 and NUS Enterprise at Block 71, and seeks to groom up to 100 entrepreneurs and 40 start-ups over the next two years.

Minister for Communications and Information Yaacob Ibrahim announced these moves during the debate on his ministry’s budget yesterday.
BOOSTING NATIONAL CYBER SECURITY

A vibrant cyber-security ecosystem is an important factor contributing to robust national cyber security.

MINISTER FOR COMMUNICATIONS AND INFORMATION YAACOB IBRAHIM
“A vibrant cyber-security ecosystem is an important factor contributing to robust national cyber security,” said Dr Yaacob, agreeing with Mr Zaqy Mohamad (Chua Chu Kang GRC) and addressing a point made by Ms Sun Xueling (Pasir Ris-Punggol GRC) that Singapore’s connectedness exposes it to attacks.

Separately, CSA will also roll out a new funding scheme to spur developments that would meet national security needs, believing that innovation is the key to stay ahead in the arms race against cyber attackers.

The areas of focus include forensics, authentication, the Internet of Things and managed security services.

Funding of up to $500,000 will be provided to qualifying projects by Singapore-registered companies. At least 50 per cent of the manpower employed in the project must be Singaporeans or Singapore permanent residents.

The aim is to develop home-grown companies that could own a slice of the lucrative cyber-security market, tipped to attract spending of US$105 billion (S$138 billion) by 2020, according to global estimates by market research firm IDC.

Singapore’s cyber-security market could generate $900 million in revenue by 2020, said Dr Yaacob.

“Cyber security is also a growth engine,” he said, acknowledging Mr Cedric Foo’s (Pioneer) point that technology talent is needed to propel Singapore’s economic expansion in the digital realm.

To prepare the workforce, IMDA will invest an additional $145 million in its technology skills development and job placement initiative, dubbed TechSkills Accelerator (Tesa), over the next three years.

This will create 20,000 training places by 2020, with a focus on company-led courses and emerging areas such as cyber security, data analytics, artificial intelligence (AI) and the Internet of Things.

Since its inception in April 2016, Tesa has trained 27,000 professionals in new technology skills to prepare them for the digital economy. Some $120 million has been spent to date.

To Dr Teo Ho Pin’s (Bukit Panjang) question on regulations to ensure accountability for new developments such as AI, Dr Yaacob said: “Currently, we have no plans to introduce regulations for AI applications as the field is still nascent and (we want) to avoid stifling innovation.”

The Ministry of Communications and Information will also be deferring the review of the Broadcasting Act to study in detail how digital technologies and social media platforms have come together to increase the risk of fake news, Dr Yaacob said in his reply to Mr Ong Teng Koon’s (Marsiling-Yew Tee GRC) question on the challenges brought about by such convergence.

Dr Yaacob added: “As Parliament has just appointed the Select Committee on Deliberate Online Falsehoods to examine the issue, it would be better to study the Select Committee’s recommendations first before making further moves.”

Content retrieved from: https://www.straitstimes.com/politics/cyber-security-start-up-hub-to-groom-entrepreneurs.

In Singapore, a cyber security startup hub will produce new ideas, talents

When it comes to cyber security, you either have it or you don’t. Much like jogging, you have to keep practising constantly. You have to keep fit to stay the pace.

So, the news that Singapore is opening an incubation hub to help grow and groom startups in cyber security is a welcome one. It is another step forward in growing a much-needed talent pool here.

This Innovation Cybersecurity Ecosystem @Block 71 (or ICE71) is a mouthful to pronounce, but when it opens next month at Ayer Rajah Crescent, it will start attracting entrepreneurs with ideas on tackling the next big cyber threats.

Each qualified startup could be funded with up to S$500,000 to develop their technologies, which should focus on forensics, authentication, the Internet of Things and managed security services.

These are familiar areas but the work from small startups could help fill the gaps that larger security firms may have missed, or identify a future need that they can focus on more quickly.

In a field that’s changing constantly, you cannot rely on the same old knowledge and tactics, or even large companies that grow too big and slow to evolve fast enough to respond to the latest threats.

The cyber security startup hub, which is backed by the Infocomm Media Development Authority, Cyber Security Agency (CSA), Singtel and the National University of Singapore, wants to groom 100 entrepreneurs and 40 startups over the next two years.

Minister for Communications and Information Yaacob Ibrahim, who unveiled the plans yesterday as part of his ministry’s budget debate, pointed to the ecosystem as an important factor in Singapore’s cyber security.

This is the right approach against anonymous threats that could come from anywhere. Whether they are small contractors backed by governments or independent hacker groups with their own ideology, the best defence is to draw on the collective knowledge of a large pool of experts.

For the cyber security startup hub, the number of startups that “make it” to the market and post a large profit may not even be the most important. Rather, the impact they will have in terms of being at the forefront of this fast-moving sector is more crucial.

It may have taken high-profile hacking cases in the past five years for Singapore to finally move to this point, but the direction taken now is the right one.

This cyber security startup hub would complement existing efforts to boost expertise in a field that was sorely lacking because the coding and technical skills needed had been given up by many for seemingly higher-paying jobs in project management in the decade before.

Today, it is heartening to find mid-career folks training to be white-hat hackers in Singapore. Just as well that the private sector is also boosting the talent pool, like how Singtel is working with students to pick up the fundamentals of cyber security through an online portal.

Unlike big infrastructure projects, this is one endeavour that cannot be accomplished through government spending.

Cyber security is a field that requires exposure to real-world situations, so practitioners can build the experience needed to identify and face future threats.

And just like keeping fit, it has to be an ongoing process. The moment you stop training, you will not be able to keep up with the pace set by other runners.

Content retrieved from: https://www.techgoondu.com/2018/03/07/in-singapore-grooming-cyber-security-startups-will-reap-long-term-rewards/.

Innovations wanted: 1st cybersecurity-focused accelerator in Singapore to be launched

IMDA and CSA, collaborating with Singtel Innov8 and NUS, will set up the Innovation Cybersecurity Ecosystem at Block 71 (ICE71) at Ayer Rajah Crescent.

SINGAPORE: Singapore’s first cybersecurity-focused accelerator programme will be launched by the Infocommunications Media Development Authority (IMDA) and the Cyber Security Agency (CSA), in partnership with private sector entities like the National University of Singapore (NUS) and Singtel’s Innov8 venture capital fund.

This was announced by Minister for Communications and Information Yaacob Ibrahim during his ministry’s Committee of Supply debates in Parliament on Tuesday (Mar 6).

According to the ministry’s press release, the start-up hub is called the Innovation Cybersecurity Ecosystem at Block 71 (ICE71) and will be located at Innov8 and NUS’ co-working area at 71 Ayer Rajah Crescent. It aims to help grow cybersecurity innovation in the areas of cybersecurity entrepreneurs, start-ups, accelerators and cybersecurity-focused risk capital, it added.

ICE71, teaming up with Europe’s cybersecurity accelerator Cylon, will offer three programmes: Pre-accelerator bootcamp, accelerator training programme and landing pad for start-ups at various phases of ideation and development.

The bootcamp will be a five-day programme to help participants kick-start their entrepreneurial aspirations by turning their ideas into workable business models. It will be targeted at individuals from academia and industry, giving them the opportunities to network with potential co-founders and get insights from other industry experts, MCI said.

The accelerator training programme, meanwhile, is a three-month stint for early-stage start-ups when they will get access to talent, mentors, funding and local ecosystem events. It will equip them with knowledge in areas such as product design, scaling their businesses and securing investments, the press release said.

As for the landing pad, this is meant for later-stage start-ups, so they will have access to complimentary working space, testing facilities, regional markets and corporate support services. This, the ministry said, will help them scale in size and go to market sooner.

In all, the programme aims to train up to 100 individuals and accelerate up to 40 start-ups over two years. Singtel and NUS said in a separate press release on Tuesday that ICE71 will be opening in April this year, and those interested can find out more on ranosys.net/client/ice_71.

This initiative would also lend itself to other developments aimed at developing the country’s cybersecurity ecosystem.

One of these is the announcement of the Cyber NSF scheme as well as the Cyber Specialist Award, which is a work-learn programme for qualified NSFs to embark on a short-term contract with the Ministry of Defence and earn credits that would go towards an undergraduate degree at the Singapore Institute of Technology.

These skilled national servicemen, who might have intentions to develop their own cybersecurity services or products, could possibly tap on the accelerator to do so, Channel NewsAsia understands.

FUNDING FOR CYBERSECURITY PROJECTS

In addition to ICE71, Dr Yaacob also announced that CSA will introduce a Co-Innovation and Development Proof of Concept funding scheme for cybersecurity projects with the intention of catalysing innovative solutions to meet national and strategic needs, with a view for commercial application.

The scheme, to be managed by CSA, will focus on several aspects:

  • Managed security services
  • Consulting services such as governance, risk and compliance (GRC) and forensic services
  • Internet of Things (IoT) security
  • Identity, authentication and access management
  • Cyber physical systems

The ministry said all Singapore-registered companies that are able to secure commitment from at least one security end-user can apply for the scheme, and CSA will provide funding support up to a maximum of S$500,000 for qualifying costs.

“Solutions from this scheme would help meet national cybersecurity demands, build and anchor advanced capabilities in Singapore, as well as aid the growth of local cybersecurity products and solutions,” MCI said.

Content retrieved from: https://www.channelnewsasia.com/news/singapore/innovations-wanted-1st-cybersecurity-focused-accelerator-in-10016638.

Innovation and support in cyber-security and technology

Innovation Cybersecurity Ecosystem @Block71 (ICE71) – Singapore’s first cyber-security start-up incubation hub – will begin operations next month. The Infocomm Media Development Authority (IMDA) and Singapore’s Cyber Security Agency (CSA) will work with Singtel and the National University of Singapore to launch ICE71.

Pointing out that “Cyber-security is also growth engine,” Minister for Communications and Information Dr Yaacob Ibrahim added that Singapore’s cyber security market could generate $900 million revenue by 2020.

Other than ICE71, CSA will introduce a Co-Innovation and Development Proof of Concept funding scheme for cybersecurity projects. This scheme will focus on managed security services; consulting services such as governance, risk and compliance and forensic science; Internet of Things (IoT) security; identity, authentication and access management; cyber physical systems.

MCI stated in a press release, “Solutions from this scheme would help meet national cybersecurity demands, build and anchor advanced capabilities in Singapore, as well as aid the growth of local cybersecurity products and solutions.”

To build capabilities of Singaporeans in technology, the Tech Skills Accelerator (teSA) programme will be expanded with training expected to be longer and more targeted. $145 million will be invested in TeSA and 20,000 jobs will be created by 2020.

Reiterating that TeSA will also do more for mid-career ICT PMETs, Senior Minister of State for Communications and Information, Dr Janil Puthucheary said they will be supported and equipped for technological changes as all key sectors are undergoing digital transformation.

Another announcement that was made during the MCI COS debate was about an initiative to develop a common electronic invoicing (e-invoice) framework for businesses in Singapore. Invoices are critical functions for businesses, and e-invoicing can help businesses cut costs, ensure companies are paid faster, and open up new financing options said Dr Yaacob.

MCI also added that the ideal framework should meet both Singapore’s domestic needs while having an international outlook. More details of this framework will be shared later this year.

Content retrieved from: https://www.pap.org.sg/innovation-and-support-in-cyber-security-and-technology.

S’pore Wants To Help Cybersecurity Startups Grow With Launch Of Accelerator Hub In April ’18

In the Committee of Supply speech today (6 March), Minister for Communications and Information, Dr Yaacob Ibrahim, said the government will be “supporting the development of the Innovation Cybersecurity Ecosystem at Block 71”.

This is Singapore’s first accelerator programme focusing on cybersecurity according to this report, and the first “cybersecurity start-up hub” in the region according to the accelerator’s website.

The Innovation Cybersecurity Ecosystem at Block 71 (ICE71) is a collaboration between the Info-communications Media Development Authority (IMDA), the Cyber Security Agency (CSA), the National University of Singapore (NUS), and Singtel Innov8.

The Cybersecurity Startup Hub

According to Dr Yaacob, ICE71’s purpose is to “help promising cybersecurity startups scale and internationalise” as the government recognises cybersecurity as a “fast growing sector” that can generate $900 million in revenue by 2020.

That, in turn, will generate more jobs and opportunities for Singaporeans.

ICE71 is located at BLOCK71 Singapore, the coworking started by IMDA, NUS Enterprise, and Singtel Innov8.

Europe’s cybersecurity accelerator, CyLon, will offer three programmes that cater to startups’ different development stages at ICE71.

ICE71 Inspire is a five-day pre-accelerator programme that helps startup owners test their business idea and feasibility, and acts as a “platform” that provides fundamental understanding on topics from startup creation, funding, to collaboration opportunities.

ICE71 Accelerate is a three-months long accelerator programme for early-stage cybersecurity startups. This programme equips startups with the necessary tools and funds to “test and showcase their solutions”.

If the latter programme is considered a launchpad, then the ICE71 Scale is a “landing pad” programme for international and local startups that enable them to establish operations in Asia Pacific.

The programme wants to groom up to 100 business owners and up to 40 startups over the next two years, and will begin in April this year.

Investing In Cybersecurity

Dr Yaacob also announced that the CSA will introduce a Co-Innovation and Development Proof of Concept Funding Scheme.

This scheme will focus on several key areas such as Internet of Things (IoT), forensics, authentication, and managed security systems.

Singapore-registered companies that can score at least one security end-user project can apply for the funding scheme, and receive up to S$500,000 for qualifying costs.

According to this report, at least 50 per cent of employees must be Singaporeans or Singapore permanent residents (PR).

“This will catalyse the commercialisation and adoption of cybersecurity solutions to address emerging needs,” he said.

“As more services and transactions take place online, it becomes even more important that they are digitally secure and reliable. Cybersecurity is thus a cornerstone of trust in our Smart Nation.”

He highlighted a “strong workforce” is the “most important” in enabling Singapore’s digital economy.

So the IMDA will invest an extra $145 million over the next three years in the TechSkills Accelerator (TeSA) initiative to train the workforce in areas like, cyber security, data analytics, and artificial intelligence (AI).

It will create 20,000 training places by 2020 that will include new sectors like manufacturing and professional services.

Content retrieved from: https://vulcanpost.com/634763/cybersecurity-accelerator-hub-singapore/.