Singapore – Blackpanda, a computer and network security firm, has recently signed a memorandum of collaboration with the Cyber Security Agency of Singapore to strengthen the cybersecurity emergency response and insurance in the country.
This move includes provisions for both parties to review and refine their collaborative efforts on an annual basis to stay aligned with the changing cyber threat landscape.
As part of the partnership, the two will share intelligence information on cyber threats, incidents, and vulnerabilities, creating a robust cybersecurity library that both entities can leverage. This move further aims to bolster cybersecurity measures for both entities through collaborations on cyber investigations.
Access to the cybersecurity library and sharing of intelligence will also improve the capabilities of Blackpanda’s innovative IR-1 SaaS product, which provides a fixed-cost, affordable cyber emergency response subscription for organisations of all sizes.
At present, IR-1 is strategically distributed by Asia’s leading communications technology group Singtel, Macroview (a HGC group company), and Companhia de Telecomunicações de Macau.
Speaking about the initiative, Gene Yu, CEO at Blackpanda, stated, “This collaboration with CSA represents a pivotal step forward in our mission to provide affordable cyber emergency response to everyone. Through the sharing of our Attack Surface Management data, correlated with digital forensics analysis after a confirmed cyber-attack, CSA will gain a deeper understanding of the cyber threat landscape in Singapore, including attack frequency by market and industry.”
“Beyond Blackpanda and CSA, this collaboration will positively impact all Singaporean businesses in having a clearer understanding of cyberattack trends to make informed decisions about data privacy and cyber security strategies,” added Yu.
Dan Yock Hau, assistant chief executive (National Cyber Resilience) at CSA, also remarked, “Cybersecurity is a team effort. Companies like Blackpanda play an important role in helping enterprises defend against cyber threats and recover from breaches.”
“CSA’s collaboration with Blackpanda highlights our commitment to work closely with industry players to protect Singapore’s cyberspace,” Hau further explained.
For the last three years, Blackpanda also shared that it has collaborated with the Singapore Police Force in the Alliance of Public and Private Cybercrime Stakeholders by exchanging cybercrime information.
