Monday, April 22, 2024
HomenewsSingtel launches Cyber Elevate Programme to boost the cyberskills of SMBs

Singtel launches Cyber Elevate Programme to boost the cyberskills of SMBs

Singtel launches Cyber Elevate Programme to boost the cyberskills of SMBs

Image source: Singtel.

Singtel says its new Cyber Elevate cybersecurity programme offered by Singtel’s Cyber Security Institute (CSI), is aimed at improving the cybersecurity resilience of Singapore Small and Medium Businesses (SMBs) by building up their cybersecurity capabilities and skill sets in these SMBs to teach them how to best prevent and respond to cyberattacks.

According to the Cyber Security Agency of Singapore, almost 40% of cyber attacks in Singapore target SMBs, with phishing and ransomware being the most common methods of attack. The agency’s Singapore Cyber Landscape 2022 report highlighted that SMBs in the manufacturing and retail sectors were particularly vulnerable, as they held valuable data and intellectual property that cybercriminals seek to extort for financial gain.

CEO, Singtel Singapore, Mr Ng Tian Chong sharing the challenges SMEs face in an increasingly complex cyber landscape and launching the Cyber Elevate Programme. Image source: Singtel.

According to Singtel, SMBs face many of the same challenges as enterprises but have fewer resources to deal with them. They also face budget constraints and often lack sufficient manpower and technical skills leading to a lack of technical capabilities to deal with cyberattacks.

Together with partners Drew and Napier LLC and Black Panda, Singtel’s Cyber Elevate includes a cyber risk audit, training, workshops, and support from key partners who will render the SMBs assistance in the event of a cyberattack.

The programme/training consists of four parts:

Audit: Risk posture assessment by Singtel cybersecurity professionalsMentorship: Two-day mentorship workshop by legal and incident response experts, security awareness education, simulated phishing attack.Management and incident response: One-time support for legal and incident response services within the next 12 months of completing the workshop.Cloud support: Complimentary 12 months of cloud backup services by Singtel.

SMEs attending the launch, getting a glimpse of the Cyber Elevate Programme from Singtel Cyber Security Institute, Blackpanda, and Drew & Napier. Image source: Singtel.

SMBs can take up the Programme at subsidised rates of up to 90% because Singtel CSI is part of the SkillsFuture Queen Bee network. However, there are some criteria for eligibility:

The company must be registered and incorporated in SingaporeIt must have a minimum of 30% local shareholding by Singapore citizens or Permanent ResidentsHave an annual turnover of not more than S$100 million or no more than 200 employees

It is hoped that this will ensure that local SMBs are able to identify and protect their digital assets before an attack and receive critical counsel and guidance on how to swiftly resolve the operational issues, communicate with authorities and customers after an attack as well as implement recovery measures to resume operations.

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