omniture

Cyber Security Crucial to Economic Security

2012-01-05 15:57 1020

SINGAPORE, Jan. 9, 2012 /PRNewswire-Asia/ -- "The rapid pace at which cyber security threaten changes, means that no country/organisation can plan and implement responses in silos. Effective cyber security efforts require expertise that transcend national and organisational boundaries," said Singapore's Deputy Prime Minister, Teo Chee Hean.

"A safe and functioning cyberspace is critical to our society, economy and national security. The frequency and sophistication of cyber attacks will continue to grow, and so must our capabilities and response plans. As in all matters of security, there is no practical means of achieving a 100% secure solution. Hence, the issue is one of managing risks," said Teo.

"Just as the government has rallied the community to address terrorist threats, the same must be done in the case of cyber-security. The government's role is to put in place a collaborative framework that enables stakeholders to pool their collective wisdom, and to address cyber threats in a coordinated and concerted manner. The internet is a global resource, and where the right balance lies between openness and regulation is something that we need to work on with all community stakeholders," he added.

Lt Col Dato' Prof. Husin Jazri (Retired), does not disagree with him. The CEO of Cyber Security Malaysia explains that the main challenge in regulating cyber crimes is that it touches base with laws which are confined within geographical boundaries.

"The fact that some laws are considered a crime in one country and may not apply to another will be one major challenge. It may involve the need for international cooperation for greater knowledge sharing, having adequate personnel and resources, having capable local laws and policies to facilitate investigation and yet protect the privacy rights of citizens. Having advanced investigative solutions that can catch up with growing complexity of technologies and having a strong relationship with private sectors can play a role to mitigate these crimes."

"As such, governments cannot act upon this alone. It goes beyond government-to-government cooperation but requires public and private sectors to work closely together through local and international platforms and to create major quick wins towards establishing common grounds," added Husin Jazri.

Husin Jazri will be giving the keynote presentation on international responses to cyber co-operation at Cyber Security for Government Asia 2012. Email enquiry@iqpc.com.sg to register for the conference or visit www.cybersecurityasia.com for more information.  

Source: IQPC Worldwide
collection