Latest news with #CyberSecurityAgencyofSingapore
Business Times
2 days ago
- Business
- Business Times
Cybersecurity firm Goldilock invests S$1.2 million, opens regional HQ in Singapore
[SINGAPORE] Cybersecurity company Goldilock has announced the opening of its first office in Singapore and Asia-Pacific headquarters on Monday (Jun 2), as part of a S$2 million investment. It invested S$1.2 million to open the Singapore office, and received an additional S$800,000 from the UK-Singapore Collaborative Research and Design (R&D) Call Fund by Innovate UK and Enterprise Singapore. The fund aims to encourage the development of ready-to-market solutions for products, technology-based services or processes that have strong market potential for Singapore, the UK or the international market. Goldilock specialises in producing hardware solutions for businesses. Its Singapore office will also serve as a R&D centre. Stephen Kines, co-founder and chief operating officer of Goldilock, told The Business Times that it is currently working with channel partners and distributors. Its local channel partners include NCS and ST Engineering. Goldilock also has existing customers in Australia and Japan. Kines said that Goldilock intends to hire at least five engineers in Singapore within the first 18 months of opening, and approximately 20 people over the coming three years. 'Our progress in Apac would not have been possible without the invaluable support of the CyberSG Talent, Innovation and Growth (TIG) Collaboration Centre,' he said. TIG Collaboration Centre is a joint initiative between the National University of Singapore and the Cyber Security Agency of Singapore. The initiative is one of the goals of Singapore's operational technology cybersecurity masterplan, put together by the Cyber Security Agency of Singapore to enhance the operational technology cybersecurity talent pipeline. 'This milestone represents a deepening of UK-Singapore cooperation on cybersecurity innovation, with Singapore having updated its operational technology cybersecurity last year,' said a spokesman from Goldilock.
Straits Times
20-05-2025
- Business
- Straits Times
Public urged to stay vigilant amid potential tariff-related scams: Police and CSA
Scammers may impersonate government officials from local and international agencies using fake domains to send phishing e-mails or messages. ST PHOTO: LIM YAOHUI SINGAPORE - Recent developments involving import tariffs may trigger a rise in scams targeting individuals and organisations in Singapore, said the police and the Cyber Security Agency of Singapore (CSA). In a joint advisory on May 20, the authorities noted reports from other countries indicating that cyber criminals are likely to exploit the uncertainty surrounding these changes to scam people. They urged the public and organisations to remain vigilant and take proactive measures to strengthen their online defences against such scams. President Donald Trump's April 2 decision to slap a 10 per cent tariff on most goods imported to the United States, as well as higher duties on dozens of countries from rivals to allies, caused stock markets to slump. However, the 90-day truce on the US-China tariff war announced on May 12 and the US-Britain trade deal have lowered anxiety levels on the health of global trade that powers Singapore's export-driven economy. On May 16, Deputy Prime Minister Gan Kim Yong reported progress on trade talks with the US. He said while a 10 per cent baseline tariff on Singapore remains non-negotiable, there is hope that the Republic will be spared from an upcoming sectoral levy on its pharmaceutical exports. The four potential scams linked to tariff-related developments include: 1. Fake investment opportunities Cyber criminals may promote bogus investment schemes or financial products, falsely claiming they offer profits from the effects of import tariffs. These scams are often framed as time-sensitive opportunities promising high returns with little to no risk, aiming to lure unsuspecting investors. 2. Business-related scams These criminals may target organisations involved in import and export operations, claiming to offer assistance in managing the tariff adjustments. They may provide fraudulent information, request for upfront payments or changes to payment details, or attempt to gain access to confidential business data by sending e-mails with attachments containing malware to the organisations. Once the malware is downloaded and the attachments are opened, the malware can compromise devices, potentially leading to data theft and system breaches. 3. Online shopping scams Fake online shops on existing shopping platforms or phishing sites impersonating legitimate online shops may be created by cyber criminals. They would claim to sell imported products at heavily discounted prices or prices that are raised prematurely, citing reasons linked to the upcoming increase in import tariffs. 4. Government officials impersonation scams Scammers may impersonate government officials from local and international agencies using fake domains to send phishing e-mails or messages. They may claim that you or your organisation are required to pay additional taxes or are eligible for tax refunds due to changes to tariff policies. The authorities said that government officials will never ask you to transfer money, disclose bank log-in details, install mobile apps from unofficial app stores or transfer your call to the police during a phone call. Members of the public and organisations are advised to verify the authenticity of advertisements, e-mails, calls and messages. They should also purchase from reputable sources, and stay informed about the latest phishing and impersonation tactics. If they come across suspicious tariff-related scams, they should report them to the police and the Singapore Cyber Emergency Response Team on 1800-255-0000, or online at Organisations should also establish a clear and accessible process for reporting of scams within the organisation, including protocols for verifying potential deepfake claims related to fund transfers. They can also conduct trainings for employees in finance, procurement, logistics and IT departments to help them recognise possible tariff-related scams. Join ST's WhatsApp Channel and get the latest news and must-reads.
AsiaOne
02-05-2025
- AsiaOne
Beware of fake YouTube channel deceiving users into installing malicious scripts: Police and CSA, Singapore News
Members of the public are advised to be wary of a fake YouTube channel impersonating a trading platform, with videos aimed at deceiving users into executing malicious scripts that compromise cryptocurrency wallets. This was shared by the Singapore Police Force and the Cyber Security Agency of Singapore (CSA) in a joint media statement on Friday (May 2). According to the statement, the fake YouTube channel, which bears the name and logo of trading platform TradingView, provided instructions for users to install a purportedly official application. TradingView is a legitimate online platform used to chart and analyse financial markets, including stocks, forex and cryptocurrencies. It is downloadable as a desktop and mobile application via its official website. The statement added that victims of the scam channel were directed to download and execute Windows PowerShell scripts containing a malicious PowerShell command. Upon running the command, a Remote Access Trojan (RAT) was installed onto the victims' devices, compromising their cryptocurrency wallets. It is not clear from the statement how many users had fallen prey to the ruse. According to screenshots provided by the police, the fake TradingView channel which was discovered contained slight irregularities to its name and URL. The channel has since been blocked on YouTube. Precautionary measures The authorities reminded members of the public to avoid running unknown commands, clicking on unsolicited links or downloading attachments from unfamiliar sources. They are also advised to use secure wallets to store cryptocurrencies offline, use strong passwords and enable two-factor authentication, the media statement noted. It added that members of the public should regularly check their wallets for unauthorised transactions and stay updated on the latest security threats. Those who suspect that they have fallen victim to cryptocurrency-related crimes should halt further transactions or freeze their accounts and report these incidents to the police, said the statement. [[nid:715450]]
TECHx
25-04-2025
- Business
- TECHx
GITEX Asia Debuts in Singapore with Global Impact
More than 700 companies and startups from over 70 countries are participating in GITEX Asia x Ai Everything Singapore. The event features 400+ expert speakers and 250+ investors managing US$200 billion in assets. Under the theme 'Advancing Bold Partnerships in Asia' , the event focuses on digital investments, emerging technologies, and cross-border collaboration. It aims to create new opportunities across tech ecosystems and fast-growing markets. Trixie LohMirmand, EVP of DWTC and CEO of KAOUN International, said the goal is to connect global ecosystems. She highlighted the importance of public-private partnerships in accelerating progress in the AI-driven economy. Cybersecurity took a leading role on day one. H.E. Dr. Mohamed Al Kuwaiti, Head of Cybersecurity for the UAE Government, emphasized building a security culture that extends across nations and sectors. He stressed the need to protect digital economies against growing cyber threats. Ahmed AlKetbi, Deputy Ambassador at the UAE Embassy in Singapore, noted the strong UAE–Singapore trade relationship, valued at S$24 billion. He reinforced the importance of cooperation in achieving shared economic goals. David Koh, Chief Executive of the Cyber Security Agency of Singapore, spoke on regional resilience. He urged collaboration on cybersecurity standards and responsible digital behavior to navigate global challenges. Healthcare innovation was also in focus. With projections showing Asia's healthcare market reaching US$5 trillion by 2030, AI-driven diagnostics and digital health solutions were discussed. Datuk Dr. Kuljit Singh of Malaysia's Association of Private Hospitals called for ethical frameworks and patient safety in health tech. GITEX Asia continues with deep dives into AI, smart cities, biotech, and quantum computing. The show also features North Star Asia and GITEX Quantum Expo Asia, driving startup growth and tech transformation. For full event details, visit
