Today sees the opening of a new Security Response Center in Singapore. The Center will cost approximately SGD$20 million over five years and will increase cybersecurity threat analysis, intelligence and protection in the region. This is a development that the Economic Development Board (EDB) sees will continue to help Singapore become a hub for business, innovation and global data management.
Yeoh Keat Chuan, Managing Director of the EDB welcomed the move saying that, “In today’s highly connected and rapidly evolving cyber world, identifying and developing effective responses to security threats require the strong technical and domain expertise …. This Center is an example of how leading IT companies are increasingly looking to Singapore as a regional hub to aggregate and analyse data, in order to derive intelligence and develop key solutions.”
Singapore is already one of the most connected cities in Asia with over 67 terabits of submarine cable capacity and hosts over 50 per cent of commercial and area neutral data center space in South East Asia. In addition to this there are over 840 million Internet users in Asia, which accounts for 41 per cent of the world’s Internet users.
To manage these trends, the new Security Response Center is one of the number of initiatives that the EDB is supporting to cultivate Singapore’s position as a global business centre.
One such initiative is the recently established Safety and Security Industry Programme Office, (SSIPO), the result of a partnership between the EDB and the Ministry of Home Affairs. In the area of cybersecurity, the SSIPO aims to support private companies in undertaking R&D in Singapore and build new solutions to detect threats and protect data.
To respond to the global talent shortage in the cybersecurity sector, Mr Yeoh Keat Chuan explained that many Singaporean polytechnics and universities are already providing cybersecurity specific education. The Security Response Center is also expected to attract, develop and contribute to the cybersecurity knowledge pool in Singapore and the region.
The Security Response Center in Singapore is the most recent addition to Symantec’s global network of Security Response Centers located around the world, including Tokyo, Chengdu, Dublin and Culver City.
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