How does the GDPR affect my business in the UK?

  The General Data Protection Regulation (GDPR) is a framework for data protection laws that have been designed to give greater rights and protection to individuals. The primary aim of the GDPR is to give EU citizens control of their personal information and simplify the regulations for international business. Even though the GDPR has been…

3 Reasons to Have a Cybersecurity Policy

Cybersecurity is the practice of defending computers, servers, mobile devices, electronic systems, networks, and data from malicious attacks. Consequently, cybersecurity policies are needed to protect your business assets. The policy is a formalized set of rules and regulations within an organization, prescribing the use of various devices and software which can lead to cybersecurity breaches…

Firewalls Are No Longer Enough – What Now?

There is a common misconception among most organizations, particularly SMEs, that firewalls should protect them against modern data breaches and cyberattacks. In events of a successful cyberattack, most victimized organizations start raising the question: We have a firewall deployed, why was it unable to protect us? Even though firewalls are an essential component of cybersecurity,…

Phishing Attacks with Multiple Replica Sign-Ins are on the Rise

Organizations have elaborate multi-layer cybersecurity defense mechanisms in place and yet hackers manage to penetrate through to access their data. With these stronger defense mechanisms, the number of machine and direct network exploits have decreased. However, hackers have now turned towards phishing attacks and social engineering.   Reports suggest that more than 90% of data breaches start with a phishing attack. Phishing does not involve…

What should your Cybersecurity budget be?

Cybersecurity has become a matter of great concern for governments, corporations, and SMEs across the globe. The reason is that these organizations collect and store sensitive information from their users that can be breached and accessed by hackers. Data breaches and other cyberattacks have become very common in the last couple of years with over…

“Asia’s Digital Transformation”- Remarks by Mr Ravi Menon, Managing Director, Monetary Authority of Singapore, at the GIC Institutional Investors Roundtable on 31 October 2018

Ladies and gentlemen, good morning.  I thank GIC for the invitation and am pleased to meet all of you. Why FinTech? About three-and-a-half years ago, the Monetary Authority of Singapore (MAS) made a momentous decision – to promote an innovative and dynamic financial sector by working with the industry to harness the power of technology.…