A Global Issue: Cybercrime In Singapore

Singapore’s Cybercrimes nearly doubled in proportion between 2014 and last year, rising from 7.9 per cent to 13.7 per cent of all crimes, according to the inaugural Singapore Cyber Landscape report.

This issue is now global and is not being properly monitored or dealt with by the governmental authorities and national police forces.

The report by the Cyber Security Agency of Singapore (CSA) found that more than eight in 10 cybercrimes (83 per cent) involved online cheating. This was followed by unauthorised access to computer material (15 per cent) and cyber extortion (2 per cent).

The authorities received 19 reports of ransomware cases from individuals and small and medium enterprises (SMEs) last year, up from two cases in 2015. The figures could be under-reported as companies are reluctant to let their reputation take a hit, noted the agency.

Other cyber threats included phishing and defacements, 2,512 phishing URLs were detected and 1,750 websites were defaced last year.

Singapore’s high level of connectivity comes with a corresponding level of vulnerability, said CSA chief executive David Koh.

“While advances in digital technology have opened up new possibilities to enhance our lives, they have also exposed us to cyber threats that aim to cheat us, steal or alter our data, disrupt our daily business activities, and cripple our critical infrastructure.”

Offences under the Computer Misuse and Cybersecurity Act soared over the past three years, from 197 cases in 2014 to 691 cases last year. Criminals tend to make use of ransomware and hacking, as well as compromise online accounts, SingPass and Internet banking accounts.

Cyber criminals will continue to adopt “more sophisticated social engineering techniques to lure their victims”, said the CSA.

Victims of website defacements tend to be SMEs. One in 10 defaced websites were hosted on an outdated operating system, such as Windows Server 2003.

“Such operating systems may no longer have security patches for new vulnerabilities and hence are easier for hackers to exploit,” the CSA said.

Websites for banking and financial services were the most commonly spoofed here, forming 31 per cent of phishing websites found last year.

Electronic payments platform PayPal and file-hosting services such as Dropbox and Google Drive were popular targets, and even government bodies such as the Ministry of Manpower and the Immigration and Checkpoints Authority were not spared.

The CSA said attackers sought personal data, such as passport numbers, that could be traded in underground markets.

The Internet Surfing Separation policy, announced in June last year, would “go a significant way” towards securing the information communication technology environment for public agencies. By cutting off Internet access on work computers, cyber attackers will not be able to gain remote access to the Government’s network and extract data as easily, said the CSA.

The report also stated that around two in five security incidents (43 per cent) that individuals and SMEs flagged to the authorities involved phishing. “Cyber criminals may attack SMEs as a means of getting to larger corporations, to which SMEs are suppliers,” said the CSA.

Business email scams were one of the top cyber threats that SMEs faced last year, with millions of dollars lost through phishing scams, where hackers impersonated company executives or business partners via email, said the agency.

Accordingly, crime statistics reflected a 20 per cent jump in email impersonation scams between 2015 and last year.

Over 60 command and control servers were detected in Singapore’s cyber space last year. Hackers use these servers to communicate with malware-infected devices and carry out malicious attacks such as data theft, email spam campaigns and DDoS (Distributed Denial of Service) attacks.

A DDoS attack involves flooding a system with data, causing disruption to business operations or distracting victims from ongoing cybercrimes.

Singapore saw a spike in DDoS extortion threats last year, with several unnamed organisations receiving emails from hackers demanding payment in lieu of launching such attacks.

Stressing the importance of resilience in the cyber realm, Mr Koh said: “This is because it is impossible to prevent successful attacks 100 per cent of the time. As Singapore pursues its plans to build a Smart Nation, we cannot afford to ignore the threats that come with it.”

Today Online

You Might Also Read:

Singapore’s Mounting Cyber Threats:

Singapore Defense Ministry Under Remote Attack:

 

 

« The Shifting Sands of Cybersecurity
What Is Selling On the Dark Net? »

Infosecurity Europe
CyberSecurity Jobsite
Perimeter 81

Directory of Suppliers

Authentic8

Authentic8

Authentic8 transforms how organizations secure and control the use of the web with Silo, its patented cloud browser.

ZenGRC

ZenGRC

ZenGRC (formerly Reciprocity) is a leader in the GRC SaaS landscape, offering robust and intuitive products designed to make compliance straightforward and efficient.

MIRACL

MIRACL

MIRACL provides the world’s only single step Multi-Factor Authentication (MFA) which can replace passwords on 100% of mobiles, desktops or even Smart TVs.

DigitalStakeout

DigitalStakeout

DigitalStakeout enables cyber security professionals to reduce cyber risk to their organization with proactive security solutions, providing immediate improvement in security posture and ROI.

CSI Consulting Services

CSI Consulting Services

Get Advice From The Experts: * Training * Penetration Testing * Data Governance * GDPR Compliance. Connecting you to the best in the business.

Assure Technical

Assure Technical

Assure Technical offers a holistic approach to Technical Security. Our expertise and services span across the Physical, Cyber and Counter Surveillance domains.

Absolute Software

Absolute Software

Absolute provides persistent endpoint security and data risk management solutions for mobile devices - computers, tablets, and smartphones.

Evok

Evok

EVOK is an IT Service provider specialized in installing, maintaining and supporting IT infrastructures for SMB's in Switzerland.

Concise Technologies

Concise Technologies

Concise Technologies provide specialist IT and telecoms solutions, support services, managed backup, disaster recovery, cyber security and consultancy to SME businesses across the UK and Europe.

Cyber Together

Cyber Together

Cyber Together is dedicated to advancing the cyber security industry by giving businesses access to Israel’s leaders, innovators and great minds in the field of cyber security.

Semperis

Semperis

Semperis is an enterprise identity protection company that enables organizations to quickly recover from accidental or malicious changes and disasters that compromise Active Directory.

Gilbert + Tobin

Gilbert + Tobin

Gilbert + Tobin is an Australian corporate law firm serving clients throughout Australia, and around the world, on a broad range of legal issues including cyber security.

National Cyber Security Authority (NCA) - Saudi Arabia

National Cyber Security Authority (NCA) - Saudi Arabia

The NCA is the government entity in charge of cybersecurity in Saudi Arabia and serves as the national authority on its affairs.

Randori

Randori

Randori is an attack platform that provides "red-teaming" as a service - basically, staging simulated hack attacks to test for vulnerabilities and gaps in the security response.

CyberWhite

CyberWhite

CyberWhite is a disruptive provider of cyber security and risk mitigation solutions.

AVANTEC

AVANTEC

AVANTEC is the leading Swiss provider of IT security solutions in the areas of cloud, content, network and endpoint security.

IPKeys Cyber Partners

IPKeys Cyber Partners

IPKeys Cyber Partners, together with the IPKeys Power Partners unit, provide Cyber Security and CIP Compliance for utilities, grid operators and public safety organization across the USA.

Three Wire Systems

Three Wire Systems

Three Wire is a leader in innovative and efficient technology solutions for government agencies and large enterprise corporations.

Hacker School

Hacker School

Hacker School offers technology motivated training programs that provide Cyber Security Certifications and Courses.

Alpha Echo

Alpha Echo

Specialising in security advice and enterprise-wide Cyberworthiness, Alpha Echo helps Australia deliver on cyber outcomes at a military grade level.

St Fox

St Fox

St. Fox is a leading consultancy helping enterprises secure their Cloud, Data, endpoints, and applications.