Microsoft Launches Cybercrime Centre In Singapore

Microsoft rolls out Singapore cybercrime center for APAC

http://enterpriseinnovation.net/article/microsoft-rolls-out-singapore-cybercrime-center-apac-1563052755

Microsoft has launched its new Cybercrime Satellite Centre in Singapore, one of the five globally including in Beijing, Berlin, Tokyo and Washington.

The Singapore center will serve as the regional hub for Microsoft to undertake cybercrime and cybersecurity initiatives in Asia Pacific, through public-private partnerships and cross-industry collaboration. It will support all major Southeast Asian countries as well as Australia, India, Korea and New Zealand.

Microsoft is working closely with the Interpol Global Complex for Innovation (IGCI) in Singapore, industry partners, law enforcement, computer emergency response teams (CERTs), internet service providers (ISPs), enterprises and academia to advance strong cybersecurity capabilities and practices.

“Through the center, we will bring strategic threat intelligence sharing more directly to regional key stakeholders and drive deeper collaboration on cybersecurity with our Digital Crimes Unit in fighting malware and reducing digital risk in Asia Pacific,” said Cesar Cernuda, president of Microsoft Asia Pacific.

One of the core priorities for the center is to reduce malware-related infections in Singapore and the region, by collaborating with third-party partners under Microsoft’s Cyber-Threat Intelligence Program.

The program leverages strong community based relationships and collaboration to collectively analyze and assess existing local and regional cybersecurity threats.

A second focus is to create deeper awareness about rising cybercrime threats, enhance the understanding of the value of trusted digital platforms and cloud computing, as well as build global best practices on preventive measures for a safer internet ecosystem.

A study published by IDC and the National University of Singapore in March 2014 revealed that businesses worldwide will spend nearly $500 billion in 2014 to deal with the problems caused by malware on pirated software. The figure for enterprises in Asia Pacific amounts to almost $230 billion.

Meanwhile, individual consumers in Asia Pacific are expected to spend $11 billion because of security threats and costly computer fixes.