Singapore Appoints Russian Cybersecurity Leader to Advisory Panel

Eugene Kaspersky

Eugene Kaspersky

The founder and CEO of global security company Kaspersky Lab, has been appointed to the International Advisory Panel for Singapore's National Cybersecurity Research and Development Programme.

The appointment of Russian cybersecurity expert Eugene Kaspersky took effect from April 1 this year. Kaspersky joins the ranks of other international thought leaders on the panel, which includes Howard Schmidt, former cyber adviser to US presidents George W Bush and Barack Obama, and Israeli military scientist Yizhak Ben-Israel.

The research programme, a collaboration between several Singapore government agencies, aims to develop cybersecurity R&D capabilities in Singapore to allow it to tackle emerging threats and challenges in cyberspace. The government has set aside S$130 million for R&D efforts in cybersecurity over five years.

Kaspersky said that it was a «great honour» for him to become a member of the panel.

Cyber Threat to Financial Firms

He also noted that Singapore is a small but very important advanced country. It is often a step ahead of the rest of the world in many regards and its strategic approach to cybersecurity is something other nations should follow

«The great thing about this advisory panel is that it brings together academics, government officials and people from private business like me. I believe this is the perfect mix. Singapore is fast becoming a truly digital nation and achieving a high level of cybersecurity through developing strong capabilities is vital in guaranteeing its sustainable development,» said Kaspersky. recently reported on the growth of the cyber insurance market in Singapore which is forecast to grow by 50 per cent this year. More businesses are now taking action to mitigate the high reputational and financial risks associated with cyber breaches.



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