Singapore – Catering to a new age of work based on hybrid and remote workspaces, telco operator MyRepublic and global IT solutions operator Inspira Enterprises have announced the launch of its cybersecurity suite that will benefit small-and-medium enterprises (SMEs) in Singapore.
MyRepublic and Inspira aim to bridge this gap and make it simple for SMEs to adopt up-to-date cybersecurity tools and best practices that can be implemented consistently across their organization. This includes managed services such as managed firewall and managed endpoint, giving customers the peace of mind to focus on their business whilst their company is being protected by a globally recognized security provider.
The cybersecurity suite includes cybersecurity consulting, incident response, data protection, and vulnerability testing. Potential customers will benefit from a free end-to-end assessment to determine their exact requirements and the solutions that are best fit for their operations.
Lawrence Chan, managing director at MyRepublic Singapore, said that as more SMEs shift to remote or hybrid work environments, cybersecurity threats targeting their vulnerabilities will continue to rise.
“MyRepublic believes that all organizations deserve world-class protection no matter their size. Our new cybersecurity solutions bring enterprise-grade protection to small and medium businesses and give them one less thing to worry about, as they continue to manage the impact of the pandemic,” Chan stated.
The announcement comes after data from the Cyber Security Agency of Singapore (CSA), shows that cybercrime cases accounted for 43% of total crime reported in Singapore in 2020. In particular, there were significant spikes in ransomware and botnet attacks last year. The former rose by a staggering 154%, mostly targeting SMEs in the manufacturing, retail, and healthcare sectors.
Josef Figueroa, vice president of ASEAN at Inspira, commented, “SMEs are more susceptible to cyberattacks because they may lack the knowledge and ability to deal with such threats. Our experience with SMEs also shows that they may be reluctant to adopt modern cybersecurity tools due to their perceived high cost and complexity.”
The cybersecurity suite solves some of the potential misconceptions SMEs have regarding cybersecurity. For instance, SMEs may think basic antivirus software installed on employee laptops are sufficient protection against today’s sophisticated threats. They might also rely on various business tools riddled with vulnerabilities and incompatibilities of which they are not aware.
“In a digital economy, it’s not a matter of ‘if’, but ‘when’ you will be targeted. Our suite of cybersecurity solutions are designed to help SMEs get their modern threat protection up and running with minimal hassle. We look forward to contributing a new line of cybersecurity defense to Singapore’s fight against cybercrime,” Chan concluded.