Singapore Markets closed

Singapore Seen as Top Spot to Launch Global Cyber Attacks

A person claiming to speak for activist hacker group Anonymous is seen in a video on November 1, 2013. (Photo: AFP/Roslan Rahman.)

Singapore has overtaken nations including the U.S., Russia and China as the country launching the most cyber attacks globally, according to Israeli data security firm Check Point Software Technologies Ltd.

The company, whose software tracks an average of eight to 10 million live cyber attacks daily, said Singapore rose to pole position after ranking in the top five attacking countries for the previous two weeks.

“It is not particularly unusual for Singapore to be featured among the top attacking countries,” said Eying Wee, Check Point’s Asia-Pacific spokeswoman.

A key Southeast Asian technology hub, much of the internet traffic flowing through Singapore originates in other countries. That means a cyber attack recorded as coming from Singapore may have been launched outside the country, she said.

The Cyber Security Agency of Singapore said there are a number of reports measuring cyber attacks, which are based on various methodologies and therefore provide different perspectives of the situation.

“As a commercial hub with high interconnectivity, Singapore is undoubtedly an attractive target for cybercriminals,” a spokesman for the agency said in an email, adding that it’s important for the nation to maintain high cybersecurity standards and take necessary measures to protect its systems and data.

Cyber Defense

The city-state, which wants to become a global technology hub, recently stepped up efforts to tighten cyber security after several high profile attacks on government agencies and companies.

“Singapore has now found itself on someone’s list,” Singapore’s Defense Minister Ng Eng Hen said in July. “The attacks are orchestrated, the attacks are targeted, they want to steal specific information, there are minds behind this orchestration.”

Earlier this year, Singapore’s military established a cyber defense unit while the government drafted legislation to impose new cyber security requirements aimed at helping companies protect critical information infrastructure.

In May, Singapore stopped most of its public servants from being able to access the internet from their work computers. The nation’s central bank has also set up an international advisory committee dedicated to enhancing the safety and resilience of Singapore’s financial sector.

To contact the reporter on this story: Melissa Cheok in Singapore at mcheok2@bloomberg.net To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net Jason Koutsoukis, Andy Sharp
COPYRIGHT © 2017 Bloomberg L.P