Keynote - Securing Our Cyberspace Together

Cybersecurity is increasingly critical as threats grow more sophisticated and attacks become more frequent, with financial motivations driving 95% of breaches in 2023

Supply chain attacks are a major concern, as compromised third-party vendors and partners account for significant system intrusions (62% in 2021 according to CrowdStrike)

Cloud security presents unique challenges with multi-tenant environments and shared infrastructure - cloud intrusions increased 75% from 2022 to 2023

Singapore’s approach includes:

• Cybersecurity Act regulation of critical infrastructure
• Voluntary cyber labeling schemes for products
• Public-private partnerships with major tech companies
• Investment in R&D and talent development

AI adoption brings both opportunities and risks:

• Economic potential estimated at $2.6-4.4T annually
• Malicious actors using AI/LLMs to enhance attacks
• Need for responsible AI development and security controls

International cooperation and standards are essential:

• No single country can solve cybersecurity alone
• Need for interoperable security standards
• Importance of information sharing between nations
• Challenge of tech bifurcation between competing powers

Focus shifting from mitigation to elimination of vulnerabilities:

• Memory safe languages gaining prominence
• “Secure by design” principles becoming standard
• Need to build security into development lifecycle

Small/medium enterprises and individuals need more support:

• Many lack resources for sophisticated security
• Need for simplified security tools and guidance
• Importance of cyber hygiene education