FS-ISAC and the Cyber Security Agency of Singapore (CSA) have signed a memorandum of understanding (MoU) to renew their collaboration on information sharing and participating in cyber exercises in the financial services sector.
Cyber criminals are increasingly targeting the Asia-Pacific region, creating a pressing need to strengthen cyber intelligence cooperation to enhance cyber readiness.
The continued collaboration will facilitate the sharing of security threat intelligence via an established channel and participation in cyber exercises, enabling Singapore to confront and mitigate cybercrime proactively. This underscores the mutual recognition that addressing cyber threats requires a multi-faceted approach that involves close cooperation, information sharing, and the continuous enhancement of cyber readiness measures.
“Addressing cybersecurity is a worldwide imperative. The increasingly collaborative nature of cyber criminals, along with the current geopolitical situation, makes active knowledge and information sharing across borders even more important to mitigate cyber risks and outpace cyber criminals,” said Christophe Barel, Managing Director of Asia Pacific at FS-ISAC.
“As APAC’s leading financial hub, Singapore plays a critical role in the region’s financial ecosystem, and cyber risk remains a top concern in Singapore and globally. Our longstanding close cooperation with CSA plays a critical role in building a strong, resilient environment for the financial services sector while improving the current cyber posture of financial organisations based in Singapore,” he added.
Photo: Saksham Choudhary
Entelechy Asia 