Worldwide

BT to create 172 cybersecurity jobs in Sydney with new operations centre

A new survey from Vodafone has discovered a strong link between how cyber security is used and business success.

It also engages with various industries, and stakeholders to heighten cyber security awareness as well as to ensure the holistic development of Singapore's cyber security landscape.

According to Teo, the Singaporean government is thus developing a new Cybersecurity Bill, to provide regulatory powers to strengthen the resilience of critical information infrastructure and essential services.

Besides, cybersecurity is perceived as a customer loyalty and trust enhancer and a reputation booster.

"We should continue stepping up similar efforts within each of our countries, so that we can collectively create a safer and trusted cyberspace, and combat cyber threats with better capabilities", Yaacob said. "I believe that the most successful companies will be the ones which design in security from the start and use it as springboard". It can help businesses attract new customers as it becomes a "competitive differentiator".

A growing number of cloud and IoT adopters see cyber security as a means of establishing new opportunities and a source of financial benefits, as opposed to a barrier to progress.

Vodafone's Cyber Security: The Innovation Enabler report has identified that companies understand just how important cyber security is, with 87% of 1,434 respondents anticipating an increase in their security budget over the next three years.

The biggest problem for businesses is - who to turn to when looking for solutions.

Despite this awareness around the need to cyber security almost half (41%) of security decision makers admitted to not knowing where best to find the help needed to deal with cyber security challenges.

Interestingly, attitudes to the likelihood of cyber-threats impacting an organization vary across geographies.

Taking into account the increasingly inter-connected global economy and the transboundary nature of cyber threats, the special session highlighted the critical importance of worldwide dialogue on cybersecurity, as well as regular and robust inter-regional dialogue and cooperation between Asean and its dialogue partners, said CSA. Smaller businesses are most concerned about permanent loss of data, while larger organizations are most concerned with regulation and compliance issues.



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