Singapore records second-lowest web threat levels in SE Asia

Singapore has recorded the second-lowest proportion of users affected by web threats in Southeast Asia according to data from Kaspersky Security Network (KSN) for 2024.

The Kaspersky report highlights that 5,104,831 web threats were detected in the country in 2024, a decrease from 5,844,634 reported in 2023. This marks a 24.7% reduction in web threats faced by KSN users since 2021, continuing a four-year trend of decline.

Singapore's strong ranking is attributed to increased cybersecurity measures, consistent government support, and better cyber hygiene and vigilance among users. Individuals and businesses are increasingly adopting cybersecurity products to protect their systems, although the sophistication of threat actors remains a significant challenge.

Web threats, which include various forms such as file-less malware, phishing, and ransomware, pose risks by compromising user data, devices, or networks during internet use.

A significant rise in Telegram scams was observed in Singapore in 2024, with a 137.5% increase in reported cases in the first half of the year. Cybercriminals misuse Telegram for malicious campaigns, including sales of hacked data and malware distribution. A global malicious campaign on Telegram, targeting fintech and trading industries, was recently uncovered by Kaspersky.

Cybercriminals are increasingly using Artificial Intelligence (AI) to enhance the complexity of their threats. This technology enables more rapid and precise execution of phishing and social engineering attacks. The public sector in Singapore has already experienced this, with over 100 government officials receiving blackmail emails leveraging deepfake technology in November 2024.

To address these challenges, Singapore has taken steps to bolster its cyber resilience, including the introduction of the Critical Infrastructure Defence Exercise (CIDeX) and the Smart Nation 2.0 initiative. The Digital Infrastructure Act, set to launch this year, also aims to enhance the digital security framework.

"As a regional business and technology hub, Singapore is committed to ensuring that robust cybersecurity measures are in place to build confidence in its digital infrastructure and systems, and this is demonstrated by its strong position in our latest Kaspersky Security Network findings."

"Beyond this, the rapidly evolving nature and sophistication of web threats and threat actors means that we must continuously adapt, innovate, and strengthen our defences to stay ahead of the curve and ensure a safe and secure digital environment for all. Web safety and a strong cyber posture are not just technical necessities, but the foundation of trust and resilience in our digital future," says Yeo Siang Tiong, General Manager for Southeast Asia at Kaspersky.

Kaspersky has provided several recommendations for both users and organisations to enhance their cybersecurity defences. Users are advised to maintain good cyber hygiene by visiting reputable websites, verifying website authenticity, avoiding unsolicited offers, using comprehensive security solutions, and regularly updating software.

Organisations are encouraged to keep software updated, conduct regular data backups, assess supply chains, monitor network access and activity, establish a Security Operation Centre with SIEM tools, utilise threat intelligence data, and educate employees about cybersecurity risks. Kaspersky also suggests employing its professional services and considering managed security services if internal expertise is lacking.