in Insurance
How to report cybercrime in Singapore
Who do you turn to if you or your company has been scammed? Cybercrimes are becoming increasingly common across the world, and Singapore is no exception. According to the Cyber Security Agency of Singapore, cyber threats are on the rise. Moreover, they’re costing businesses dearly, as cybercriminals swoop in to wreak havoc. How then, do you protect you or your customers’ financial information and company trade secrets? In this Pacific Prime Singapore article, we’ll go over how to report cybercrime. Read on to find out what cybercrime is, and how to protect yourself or your organization with cyber insurance.
What is cybercrime?
To report cybercrime, you must first understand what they are, and learn how to spot them. When you think of cybercrimes, the first thing that comes to mind is most likely a hacker. You are not far from the mark at all. In fact, almost all cybercrimes are committed by a hacker or cybercriminal. They can also be carried out by an organization of hackers. What’s more, these criminals tend to be motivated by money. Usually, corporate data, trade secrets, and critical infrastructure are stolen or damaged as a result.
What are the different types of cybercrime?
There are two main categories of cybercrime. The first category involves a criminal activity that targets computers, while the second uses them to commit other crimes. Viruses are an example of a crime in the first category. On the flip side, using computers to spread malware to damage other devices is an example of the latter.
Here is a non-exhaustive list of the different types of cybercrime:
- Phishing, such as sending fake emails to get personal information.
- Identity theft involves the misuse of your personal information.
- Theft of financial or card payment data.
- Theft and sale of corporate data.
- Hacking, or the shutting down or misusing of websites or computer networks.
- Cyber extortion, or demanding money to prevent a threatened attack.
- Cyber espionage (where hackers access government or company data).
It’s important to note that all digital devices with connection to the internet are susceptible to cyber threats. To put it simply, your computer isn’t the only thing you have to worry about.
What is SingCERT?
In Singapore, SingCERT is a cybersecurity organization you could call in response to cybercrime. CERT stands for Computer Emergency Response Team. This first responder to cybersecurity incidents has branches all over the world. On top of that, its work involves providing advice on the best practices in computer security. However, note that SingCERT is not responsible for cybercrime investigations. Generally, all cybercrime investigations here are carried out by the Singapore Police Force.
What can SingCERT do for you?
Once you contact them, SingCERT will examine the nature of the cyber incident. Next, they will advise all affected users on ways to remedy the situation. If needed, they’ll share important information with businesses and the general public. This is to prevent more people from falling victim to similar incidents in the future.
Keep in mind that cyber threats are borderless. That’s why SingCERT works closely with other CERTS to train and to advise on critical cybersecurity incidents.
How do you report cybercrime in Singapore?
Reporting a cybercrime? Reach out to SingCERT by filling out this form. If you’re interested in receiving news on the latest cybersecurity issues, sign up for SingCERT’s alert.
Here’s a list of incidents you could report to SingCERT, including but not limited to:
- Phishing, extortion, scam emails/websites
- Ransomware attacks
- Malware hosting
- Unauthorized attempts (either failed or successful) to disrupt or gain access to a network, system, or its data
Cyber insurance
Now that you know what cybercrimes are, it’s time to protect your business from cyber-attacks. With such a wide myriad of digital devices and wearables out there, it is inevitable the number of cyber threats will increase.
Keep your company safe by securing a corporate insurance plan with cyber insurance coverage. It safeguards your business from potential cyber-related losses. Cyber insurance in Singapore covers you in three instances. This includes your system’s exposure to malicious software, loss of data, and cyber invasion that results in losses to a third party.
According to Pacific Prime’s latest report, cybersecurity and cybercrime is one of the leading risks faced by insurers in 2020. Ready to learn more about the biggest trends affecting the health insurance industry in 2020? Download our free State of Health Insurance Report 2020 for a deep dive into this topic.
With more than 20 years of experience, our insurance brokers have formed close partnerships with the biggest names in the industry. Contact us today for an obligation-free quote! We are happy to provide neutral advice, and to find the best insurance plan to suit your needs.
Serena earned her Bachelor’s Degree in Psychology from the University of British Columbia, Canada. As such, she is an avid advocate of mental health and is fascinated by all things psychology (especially if it’s cognitive psychology!).
Her previous work experience includes teaching toddlers to read, writing for a travel/wellness online magazine, and then a business news blog. These combined experiences give her the skills and insights she needs to explain complex ideas in a succinct way. Being the daughter of an immigrant and a traveler herself, she is passionate about educating expats and digital nomads on travel and international health insurance.
- Your Guide to Singapore Work Permits, S Pass, and Employment Pass (Updated 2024) - March 18, 2024
- Dermatological Care and Your Private Health Insurance in Singapore - December 1, 2023
- Thalassemia in Singapore: Everything You Need to Know - November 10, 2023
Top 100 Insurance Blogs Winner
Comments
Comments for this post are closed.