"However, the usefulness of the insights and intelligence they offer will be determined by the capabilities and resources organisations have to deal with cyber threats. This will require the ICT industry and profession to enhance the services they offer to the private sector," he said. "Correspondingly, industry leaders must recognise the importance of adopting robust cyber security measures. Only when all these parts are in place, will companies be able to mount a rapid, effective response to cyber attacks."
APT exposure in Southeast Asia
In conjunction with the launch, Singtel and FireEye have also released their first Southeast Asia (SEA) cyber threat report, detailing the threat landscape based on real-world attack data collected from customers in the region.
The report revealed SEA to be a region that is increasingly under cyber attack. In fact, 29 percent of customers in SEA have detected malware and attempts to compromise their networks by advanced persistent threats (APT) actors during the second half of 2014.
In Singapore alone, 23 percent of all FireEye customers said that they have been exposed to an advanced attack during that same period.
"The increased frequency and sophistication of cyber attacks, particularly in the Asia Pacific region, is a major concern of top management and boards of many enterprises," said Bill Chang, Singtel's CEO of Group Enterprise. "Damage inflicted by a cyber attack extends beyond a technology issue. Enterprises recognise this and are seeking deeper cyber defence capabilities to protect their assets, brand reputation and customers' trust."
"The ASOC will be the cornerstone of Singtel's cyber security capabilities. Through our partnership with FireEye, Singtel is able to provide the best-of-breed cyber security solutions and services for enterprises to better deal with these fast-evolving cyber threats," he added.
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