FS-ISAC has signed an MoU with the Cybersecurity Agency of Singapore (CSA).
The joint effort is aimed at enhancing information sharing and cyber exercises participation – fortifying resilience in the financial services sector.
The CSA’s recent Singapore Cyber Landscape (SCL) 2022 identified the banking and financial services sector was identified as the most spoofed, accounting for 80 % of 8,500 phishing attempts in 2022.
The report also cautioned organizations of emerging cyberthreats on the rise in Singapore such as ransom for reputation and AI-based cyberattacks.
With cybercriminals increasingly targeting the APAC region, there is a pressing demand to strengthen cyber intelligence co-operation to enhance cyber readiness.
“As APAC’s leading financial hub, Singapore plays a critical role in the region’s financial ecosystem and cyber-risk remains a top concern in Singapore.
“Our longstanding close co-operation with CSA plays a critical role in building a strong, resilient environment for the financial services sector while improving the current cyber posture of financial organizations based in Singapore,” said Christophe Barel, Managing Director, Asia Pacific, FS-ISAC.
