[ISN] Cybersecurity Skills Shortage Poses Threat in Singapore

http://www.bloomberg.com/news/2014-06-22/cybersecurity-skills-shortage-looms-in-singapore-southeast-asia.html By Brian Leonal Bloomberg.com June 22, 2014 Singapore’s ability to fight a rising threat from hackers is hindered by a skills shortage and lack of awareness among companies, according to the computer security firm that runs a state-supported training center. “We do see a lack of capability and capacity in skilled professionals, and that’s partly due to massive demand across the world that stretches an already small, existing pool of people,” Bryce Boland, Asia Pacific chief technology officer at Milpitas, California-based FireEye Inc. (FEYE), a cybersecurity firm, said in an interview in Singapore last week. Singapore, a global financial center which relies on its image as a safe and stable location to lure business, has suffered high-profile online attacks on government websites and security breaches involving companies’ client data in recent months. Cybersecurity risks pose a challenge as the government steps up efforts to link public facilities and infrastructure for real-time data in Southeast Asia’s only developed nation. “Organizations increasingly recognize that the approach toward cyber security must be organization-wide,” said Lyon Poh, head of IT Assurance and Security at KPMG LLP in Singapore. “However, they lack people with the experience to set up a comprehensive cyber security defense system to promptly detect and respond to cyber threats.” […]