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PwC sets up Cyber Security Centre of Excellence in Singapore

Zafirah Salim | March 17, 2015
PwC aims to build up capabilities in talent and process management to support a more sustainable digital ecosystem in Singapore

PwC Singapore launched yesterday a new Cyber Security Centre of Excellence in Singapore.

According to the company, the Centre of Excellence aims to serve the business community both locally and in the region through the provision of research, training and skill development, information sharing, communication, awareness and policy, standards and international cooperation.

"As Singapore moves closer to becoming a Smart Nation, the need for the right talent to ensure that the nation and our systems are well guarded against threats will become a growing imperative. PwC is working to build capabilities that will support businesses as they 'go digital'," said Vincent Loy, Cyber Leader, PwC Singapore, who will also be heading this new establishment.

Loy added that PwC is currently working towards heavy global recruitment to bring different capabilities and skill sets to Singapore. In fact, it aims to expand its practice from 40 staff to approximately 300 over the next three years. In addition, PwC is also training its existing staff and new recruits on cyber-related capabilities.

In a media statement, PwC also said that it plans to invest $50 million in capability and technological development over the next three years.

"Businesses and organisations need to move beyond focusing on tactical technology solutions. The right culture and mindset to manage and mitigate digital risks need to seep through the entire organisation," said Yeoh Oon Jin, Executive Chairman, PwC Singapore. "Processes will need to become even more robust and standardised across all access channels. The end game is to prevent cyber threats and vulnerabilities for a safer, smarter and sustainable eco-system."


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