Up to 10 per cent of Singapore’s information technology budget will be spent on cyber security and the Government is urging private companies to do likewise.
Singapore intends to follow Israel and South Korea’s lead, said Communications and Information Minister Yaacob Ibrahim yesterday.
“Israel stipulates that 8 per cent of its total government IT budget must be allocated to cyber security, while South Korea prescribed 10 per cent. This underscores the utmost importance accorded to cyber security,” said Dr Yaacob, who is also the minister in charge of cyber security. He announced this at the opening of the three-day 24th GovernmentWare infocomm security conference, but gave no timeframe for the plans.
For the full article, click here.