An updated strategy would give businesses and people better tools to deal with cybersecurity, Josephine Teo, the minister for communications and information, said in an interview with Bloomberg on Friday. The city-state’s stance has been to assume that cyber breaches have already happened, meaning the focus is on ensuring systems are robust and there are recovery plans.
The importance of cybersecurity has come into sharp relief over the past two years, as much of the world went into lockdown during the Covid-19 pandemic. Working from unprotected home Internet networks, businesses globally were suddenly exposed to cyberattacks, as criminals and state actors took advantage of fewer safeguards to infiltrate, phish and scam individuals and companies.
“What they need to be reminded about is that what is now worthy of being stolen is not just physical objects, and not just data anymore,” Teo said. “What is worthy of being stolen is your operational readiness.”
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