January 14, 2016
A National Cybersecurity R&D Laboratory at the National University of Singapore (NUS) will be operational by the end of this year, announced Chairman of A*STAR Lim Chuan Poh on Thursday (Jan 14).
It will receive S$8.4 million in funding over three years from the National Research Foundation, under the National Cybersecurity R&D Programme.
Speaking at the inaugural Singapore Cybersecurity R&D conference, Mr Lim said: “The anonymous and inter-connected cyberspace is not just exploited by criminals and terrorists to carry out identity theft, financial fraud, coordinate terrorist activities and steal corporate information, but also by state actors to conduct industrial espionage, disrupt critical infrastructure and plant malicious software which then can be subsequently exploited.”
“We really have to take all these cybersecurity challenges and threats very seriously,” he added.
The new laboratory will allow researchers to come up with innovative solutions to guard against such threats.