Singapore cybersecurity companies pioneer AI and quantum computing solutions to combat global threats
SINGAPORE - Media OutReach Newswire - 23 April 2025 - The global cybersecurity landscape is rapidly evolving, with the annual cost of cybercrime projected to reach US$10.5 trillion by 2025, up from US$8 trillion in 20231. This sharp rise underscores the urgent need to address cyber risks, as malicious actors continue to exploit vulnerabilities across industries worldwide. In response, Singapore is accelerating the development of cybersecurity innovations, not only to protect its own infrastructure but also to address emerging risks globally.
Three homegrown companies, cloudsineAI, Cyber Sierra and pQCee, are leading this effort with specialized solutions to tackle some of the biggest threats today like GenAI-driven attacks2 and quantum decryption risks. These challenges remain difficult for traditional cybersecurity solutions to address. With 70 to 80 percent of existing tools being one-size-fits-all3, critical gaps in protection remain, leaving organizations vulnerable to increasingly sophisticated threats.
These Singapore-based innovators are supported by the US$15 million CyberSG Talent, Innovation, and Growth Collaboration Center, a joint initiative between the National University of Singapore (NUS) and the Cyber Security Agency of Singapore (CSA). By targeting high-impact, niche vulnerabilities, they help organizations worldwide stay ahead of emerging threats while ensuring the safe use of new technologies.
'Singapore's CyberSG Talent, Innovation and Growth Collaboration Center, in conjunction with our National Cybersecurity R&D Program, aims to drive key innovations in the global cybersecurity landscape. We support companies developing advanced digital infrastructure protection, strengthening our nation's defenses while empowering collaborative global efforts against a rising tide of cyberattacks, marked by a 30 percent increase in 2024,' said Associate Professor Benjamin Tee, Vice President (Ecosystem Building), NUS Enterprise.
cloudsineAI: Blocking malicious content in GenAI applications
As GenAI adoption rapidly increases, so do the risks they pose, from prompt injection to sensitive data leakage. According to the Big Four accounting firm Deloitte, it is expected that GenAI could enable fraud losses to reach $40 billion in the US by 20274. To address these emerging threats, cloudsineAI has launched a new GenAI firewall, built specifically to protect mission-critical GenAI applications. Unlike traditional firewalls that protect against standard network or web application threats, this solution is powered by its unique ShieldPrompt™ multi-layered defense that actively scans both user inputs and AI-generated outputs to prevent the injection and block harmful or sensitive content.
The GenAI firewall also complements any AI guardrails to provide an updated threat vector database, contextualized security controls and integration with other security tools such as SIEMs. This innovation ensures that organizations can safely and securely innovate with GenAI while mitigating advanced cyber threats.
Cyber Sierra: The AI platform with agentic infrastructure for comprehensive compliance and protection
Cyber Sierra's AI platform and agentic infrastructure enables complete protection and compliance. By integrating Cyber Governance, Risk Management, and Compliance (GRC) as well as Continuous Controls Monitoring (CCM), the architecture is built to meet the evolving demands of security and compliance teams. By harnessing intelligent automation and AI agents into human teams, Cyber Sierra is transforming how organizations detect risks, accelerate response times, while maintaining comprehensive compliance.
Cyber Sierra is also the first cybersecurity company in Southeast Asia to be recognized as a Sample Vendor in two key categories, Cyber GRC and CCM, in the Gartner® Hype Cycle for Cyber Risk Management 2024.
pQCee: Futureproofing data against quantum threats
SafeQuard by pQCee is a lightweight security tool that protects documents from the growing risks posed by quantum computers. Hackers are already stealing encrypted data today, with plans to decrypt it once powerful quantum computers become available. As this technology advances, sensitive documents stored now could be compromised in the future, making quantum-safe encryption a critical need today.
Fully compliant with security standards set by the National Institute of Standards and Technology, SafeQuard safeguards the long-term confidentiality of high-value documents, protecting sensitive personal data and proprietary business information well into the quantum future.
Debuting Singapore's cybersecurity solutions at the RSA Conference 2025
These three cybersecurity companies (see Annex A for quotes), along with three others from the CyberSG Talent, Innovation, and Growth Collaboration Center (The Center), will showcase their solutions at Singapore's first national pavilion at the RSA Conference 2025 held from 28 April to 1 May 2025 at the Moscone Center in San Francisco (see Annex B for more information on the companies).
Organized by the Center and SGTech, the Singapore Pavilion aims to position the country as both a leading hub for cybersecurity innovation and a strategic gateway to Asia's rapidly expanding US$7.5 billion digital economy. For more information on the Centre, please visit tig.cybersg.sg.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Malaysian Reserve
an hour ago
- Malaysian Reserve
GOL Emerges from United States Chapter 11 Process as a Stronger, More Competitive Airline
SíO PAULO, June 6, 2025 /PRNewswire/ — GOL Linhas Aéreas Inteligentes S.A. (B3: GOLL4) ('Company' or 'GOL'), a leading Brazilian airline, hereby announces that it has successfully completed the financial restructuring of the Company and its subsidiaries in accordance with the Chapter 11 of the U.S. Bankruptcy Code, and has emerged from the process overseen by the United States Bankruptcy Court for the Southern District of New York. 'Over its more than 20 years of history, GOL —Latin America's original low-cost carrier— has transformed the Latin American airline market. With our financial restructuring process now complete, we are ready to continue driving forward on our purpose of 'Being First for All,' said Celso Ferrer, Chief Executive Officer. 'Today, we are significantly stronger. We have rationalized our fleet, optimized our costs, redesigned our network, enhanced our operational focus, and driven management efficiencies which —supported by solid customer preference, robust demand, and a five-year plan that will bring more investments in customer experience as well as new routes— will allow us to continue to drive success. We look forward to capitalizing on the opportunities we see ahead for GOL.' 'Thanks to the hard work of hundreds of people, we have achieved what we set out to accomplish when we first entered this process last year,' Mr. Ferrer continued. 'I thank our employees, customers, lessors and financial stakeholders —especially Abra, our largest shareholder— for their support throughout this process, which has been instrumental in helping us succeed.' As GOL enters its next phase, the Company is well-positioned to continue expanding its position as a leading airline serving Latin America, built on its: Strengthened financial position: Having secured US$ 1.9 billion in exit financing during the court-supervised process and repaying its DIP maturity in full, GOL is now moving forward with a strong liquidity position of approximately US$ 900M, significantly reduced leverage of 5.4x, and projected net leverage below 3x by year-end 2027. With a meaningfully strengthened balance sheet, GOL is well-positioned to invest in continued enhancements to the customer experience and further network expansion. Leading loyalty program: Smiles, GOL's loyalty platform, celebrated 30 years of a solid journey in 2024. The business unit reached 24 million customers and achieved the highest revenue in its history, totaling 5.3 billion reais. Strong market position and best-in-class On-Time Performance: In 2024, GOL was the most on-time airline in Brazil and served 30 million passengers across 65 domestic destinations and 16 international destinations. Growing network supported by strong global partnerships: GOL is well-positioned to deploy its rebuilt capacity both domestically and internationally by leveraging its significant presence in key Brazilian hubs. In particular, its strategic global partnerships allow for adding new service profitably to new or underserved domestic and international routes. Abra support: The renewed commitment of Abra Group, one of the leading airline groups in Latin America -with investments in Avianca, GOL, and Wamos- provides significant know-how, financial support, and operational and financial synergies. Cooperation with other Abra airlines will allow GOL to provide customers with enhanced connectivity, new and innovative product offerings, and increased frequent flyer program opportunities and benefits. Logistics Operation: GOLLOG – GOL's logistics unit and market share leader with a 36% share – surpassed, for the first time in its history, R$ 1 billion in annual revenue, achieving a 32% growth compared to 2023. Overhauled, all-Boeing 737 fleet: In 2024, GOL overhauled over 50 engines and remains on track to have all aircraft in the air by the first quarter of 2026. The Company also continues to grow its capacity, with delivery of five Boeing 737 MAX expected in 2025. Pursuant to the powers delegated to the Company's Board of Directors by the Extraordinary General Meeting of Shareholders held on May 30, 2025 ('General Meeting'), in connection with the Company's capital increase through the capitalization of credits approved by the General Meeting ('Capitalization'), the Board of Directors, at a meeting held on the date hereof, verified the amount of such credits in local currency and determined that the Capitalization amounts to BRL 12,029,337,733.91, comprising the issuance by the Company of 8,193,921,300,487 common shares and 968,821,806,468 preferred shares. In accordance with the Law No. 6,404, of December 15, 1976 ('Brazilian Corporations Law'), the Company's shareholders are entitled to preemptive rights in the subscription of shares under the Capitalization, pursuant to Article 171, paragraph 2, of Brazilian Corporations Law ('Preemptive Rights'). Further information on the Capitalization, including the terms, procedures and conditions for the exercise of Preemptive Rights by the Company's shareholders, is disclosed and available in the notice to shareholders disclosed by the Company on the date hereof, in compliance with applicable laws and regulations. As a result of the Capitalization, Abra Group Limited controls the Company and now holds, directly or indirectly, approximately 80% of GOL's common and preferred stock (subject to variation that may result from the exercise of Preemptive Rights by other shareholders, if applicable). Due to the implementation of the Preemptive Rights, under the terms and conditions of the Capitalization, as of June 12, 2025, the Company's shares will, in addition to being traded 'ex-Preemptive Rights', also be traded on the Brazilian Stock Exchange ('B3') under a new quotation factor (BRL per 1,000 shares), a new standard trading lot (1,000 shares), new tickers, and new ISIN codes, as detailed below: GOLL53 – Common Shares | ISIN: BRGOLLA01OR8 GOLL54 – Preferred Shares | ISIN: BRGOLLA01PR5 The current tickers GOLL3 and GOLL4 will be automatically converted into GOLL53 and GOLL54, respectively, both adopting a quotation factor and standard trading lot of 1,000 shares. The trading with the Preemptive Rights on B3, which will begin on June 12, 2025, will also follow a standard trading lot of 1,000 rights, with the quotation factor being BRL per lot of 1,000 rights. The Company's subscription warrants, which trade under on B3 the ticker GOLL13, will be automatically converted into GOLL80 (ISIN BRGOLLN04PR2) starting June 12, 2025. Such warrants will then be traded in lots of 1,000, with a quotation factor of R$ per lot of 1,000 warrants. The terms and conditions for exercising the subscription warrants remain applicable as established in the Board of Directors' meeting that approved the respective issuance. GOLL53 – Common Shares | ISIN: BRGOLLA01OR8 GOLL54 – Preferred Shares | ISIN: BRGOLLA01PR5 In addition, the Board of Directors approved, on the date hereof, the dissolution of the Company's Special Independent Committee, deeming that its duties have been fully fulfilled. The Company also notes that, on the date hereof, Mr. Ricardo Constantino and Mr. Paul Stewart Aronzon resigned from their position in the Company's Board of Directors, and Mr. Manuel José Irarrázaval Aldunate was appointed as member of the Board of Directors. Due to the resignation of Mr. Ricardo Constantino, Mr. Antonio Kandir was appointed as the new Vice President of the Board of Directors. Advisors In the context of its restructuring efforts, GOL worked with Milbank LLP as legal advisor, Seabury Securities, LLC as investment banker, lead placement agent for the US$ 1.9 billion exit notes, and financial advisor, BNP Paribas Securities Corp. as bookrunner (B&D) and placement agent for the exit notes, and AlixPartners, LLP as financial advisor. In addition, Lefosse Advogados acted as GOL's Brazilian legal advisor. Abra worked with Wachtell, Lipton, Rosen & Katz as legal counsel and Rothschild & Co as financial advisor in connection with the restructuring. In addition, Pinheiro Guimarães served as Abra's Brazilian counsel and Slaughter & May as Abra's English counsel. Special note regarding forward-looking statements This material fact contains certain forward-looking statements. Statements that are not historical facts, including statements about our beliefs and expectations, are forward-looking statements. The words 'will,' 'maintain', 'plans' and 'intends' and similar expressions, as they relate to GOL, are intended to identify forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations. Undue reliance should not be placed on such statements. Forward-looking statements speak only for the date they are made. About GOL Linhas Aéreas Inteligentes S.A. GOL is one of Brazil's leading airlines and is part of the Abra Group. Since it was founded in 2001, the company has had the lowest unit cost in Latin America, democratizing air transport with the aim of 'Being the First for All'. GOL has alliances with American Airlines and Air France-KLM and offers customers more than 60 codeshare and interline agreements, making connections to any place served by these partnerships more convenient and easier. GOL also has the Smiles loyalty program and GOLLOG for cargo transportation, which serves various regions in Brazil and abroad. The company has 14,5 thousand highly qualified professionals focused on safety, GOL's number one value, and operates a standardized fleet of 139 Boeing 737 aircraft. The Company's shares are traded on B3 (GOLL4). For further information, visit About Abra Group Abra, a UK-based company, is one of the most competitive air transport groups in Latin America. It brings together the iconic Gol and Avianca brands under a single leadership and a strategic investment in Wamos Air, anchoring an airline network that has one of the lowest unit costs in its respective markets, leading loyalty programs across the region (LifeMiles and Smiles) and other synergistic businesses. In addition, Abra has a convertible debt representing a minority stake investment in Sky Airline Chile. The Group consolidates a team of around 30,000 highly qualified aviation professionals and a fleet of more than 300 aircraft, with scheduled flights serving 25 countries and more than 150 destinations. Gol is one of Brazil's leading airlines, operating a standardized fleet of 138 Boeing 737 aircraft and employing 13,900 highly qualified professionals. Avianca, the second oldest airline in the world, operates more than 140 A320 and B787 passenger aircraft, as well as 7 cargo aircraft, and has more than 14,000 employees. Finally, Wamos Air is Europe's leader in wide-body ACMI operations, operating 13 A330 passenger aircraft. For more information, visit GOL Media Contacts U.S. Joele Frank, Wilkinson Brimmer Katcher: Leigh Parrish / Jed Repko lparrish@ / jrepko@ South America In Press Porter Novelli gol@ GOL Investor Relations ir@
The Star
6 hours ago
- The Star
Stablecoin firm Circle scales record high after blockbuster NYSE listing
Jeremy Allaire, CEO and co-founder of Circle Internet Group, the issuer of one of the world's biggest stablecoins, reacts to the price of first trade, on the day of the company's IPO, at the New York Stock Exchange (NYSE), in New York City, U.S., June 5, 2025. REUTERS/Brendan McDermid/File Photo (Reuters) -Stablecoin issuer Circle Internet's shares climbed 41% to hit a record high on Friday, extending a stellar run after a blowout market debut on the New York Stock Exchange a day earlier. The New York-based company's stock touched as much as $117.45, more than triple its offer price of $31 and valuing the company at $30.5 billion on a fully diluted basis. The blockbuster listing also reinforced expectations that the IPO market was regaining its momentum after being stifled by tariff-driven volatility. "This is big enough that it extends beyond crypto," said Matt Kennedy, senior strategist at Renaissance Capital, a provider of IPO-focused research and ETFs. Wall Street executives also struck an optimistic tone on Thursday at an industry conference, emphasizing that markets were ready for the right companies. NYSE President Lynn Martin said Circle's IPO was a bellwether for the IPO market this year and not just for crypto listings. Investors are also realizing that the uncertain environment is going to be relatively persistent and focusing on putting their dollars at work, Nasdaq CEO Adena Friedman said. "This is the latest sign of building momentum in the IPO market. We'll likely continue to see moderate activity over the next month, but there is still some tariff uncertainty on the horizon, which is why we're expecting more of a full IPO rebound in the fall," Kennedy said. Digital banking startup Chime is poised to go public in New York next week. Sixth Street-backed cancer diagnostic firm Caris Life Sciences, private equity-backed debt buyer Jefferson Capital and Florida-based Slide Insurance have also joined the IPO pipeline in recent weeks. (Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Sriraj Kalluvila)
New Straits Times
6 hours ago
- New Straits Times
US-China trade talks to resume in seven days: White House
WASHINGTON: Trade negotiations between US and Chinese officials are expected to resume within seven days, following a phone call between President Donald Trump and President Xi Jinping. The discussions will place particular emphasis on rare earth minerals, White House Trade Adviser Peter Navarro confirmed on Friday. "We expect that a meeting will take place within seven days," Navarro told reporters at the White House, commenting on the timeline of the next round of trade talks. Navarro stated that Trump has been clear that "the rare earth issue will be key to that negotiation", as reported by Sputnik/RIA Novosti. The US delegation will include Trade Representative Jamieson Greer, Treasury Secretary Scott Bessent, and Secretary of Commerce Howard Lutnick, according to Navarro. The advisor also mentioned that Thursday's call between Trump and Xi lasted approximately 90 minutes, during which both leaders demonstrated "a very clear understanding" of the expected outcomes of the upcoming discussions. Trump later shared on Truth Social that he had discussed "some of the intricacies" of the US-China trade deal with President Xi. He also announced that he had accepted Xi's invitation to visit China and extended a reciprocal invitation. Following high-level trade and economic talks in Geneva earlier in May, Washington and Beijing agreed to lower reciprocal tariffs by 115 percentage points each for 90 days. The US has reduced tariffs on Chinese goods from 145 per cent to 30 per cent, while China has cut tariffs on American imports from 125 per cent to 10 per cent. Later that month, Trump accused China of "totally violating" the Geneva agreement and remarked that "it is extremely hard" to reach a deal with Beijing.–BERNAMA
