Cyber security is becoming a key concern, whether it is for the Government, banks, telcos or other infrastructural agencies, DPM Teo Chee Hean said in an interview with CNA.
International cooperation will also be crucial, as cyber-attack methods cross digital and physical borders.
Singapore has looked beyond its shores to strengthen its cyber defences, partnering countries such as India and the United States to cooperate and share expertise in this field.
“Inherent in cyber security often is that the attacks are either mounted or routed through other countries’ servers, individuals and so on,” said Mr Teo. “So even if the mastermind is your own national, the likelihood is that you will route it through servers and paths that pass through many other countries.
“The entire enterprise may well be housed and located abroad. So this is an area in which countries inherently need to cooperate with each other.”
Such cooperation is already beginning to pay off. Mr Teo said the international team at the INTERPOL Global Complex for Innovation, also set up this year, has carried out several successful operations to counter specific cyber-crime threats.
They include the use of stolen credit card data to fraudulent purchase of air tickets for use by criminal groups.
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