by Ferry Bayu | Sep 5, 2023 | Business
Going Above and Beyond: Here’s what you can Expect from Homegrown Start-Up Responsible Cyber at Tech Week Singapore 2023
SINGAPORE, September 5 — Chaos, destruction, and dystopia are not typically thoughts you expect to entertain when going through the aisles of a technology event for business. A homegrown cyber security and risk management start-up Responsible Cyber seems hell-bent (pardon the language; seems apt given the context) on getting visitors to take off their rose-tinted glasses and see risk aversion, an oversubscribed maladaptive coping strategy, for what it is.
Set within a post-apocalyptic themed booth, Responsible Cyber is staging a compelling narrative on why having a robust and resilient architecture for managing third-parties is essential to ensuring the integrity and immutability of the data an organisation protects.
Indeed, the strategy that Responsible Cyber is adopting signals a clear delineation from the traditional approach of making visitors feel safe.
“Anyone who’s been in cyber security for any amount of time will know that the job involves getting down into the trenches, diving deep into the technical details, investigating security incidents, analysing vulnerabilities. It’s not pretty,” remarks Co-founder and Chief Technology Officer Mikko Laaksonen.
“If anything, it’s like entering a battleground, and practical knowledge and skills are essential. Our booth will hopefully encapsulate that rhetoric.”
As a teaser, visitors can look forward to:
-Acertifiably Gram-worthy Installation
-A Towering Display visible from across the room
-Enjoy Special Occasion Savings with every purchase of an Autographed Copy of “Building a Cyber Resilient Business”
-Meet and Greet with World Economic Forum’s Expert on Cyber Security, Dr Magda Chelly
-Safepicking demo and sharing, followed by first-hand experience
-Carefully Curated Gift Bags (first-come first-serve basis) worth its weight in gold in the next pandemic
-Ad-hoc Demos of our revolutionary ecosystem risk management platform IMMUNE X-TPRM –
When asked why the push for something so massively different from the norm, Co-Founder and Managing Director Dr Magda Chelly says “We are a start-up; we are known for thinking out of the box, and that’s what I want people to know about Responsible Cyber and our solutions – if our customers need a specific solution for managing their ecosystem risks, they can come to us and we will deliver.”
Tech Week Singapore is renowned for connecting cyber security professionals and business leaders with the industry’s brightest minds and most innovative solutions. Its 2022 edition saw an impressive turnout of 22,885 attendees ranging from C-Suites to start-ups, solidifying its status as Asia’s most important technology event for business.
In a massive push for brand awareness, the start-up will have a whopping 36 square metre booth by the entrance of Cyber Security World Asia, and a digital presence on the Tech Week Singapore app across five shows: Cloud Expo Asia, Cyber Security World Asia, Data Centre World Asia, Big Data & AI World Asia and eCommerce Expo Asia.
Amid this buzz, Responsible Cyber will also shine the spotlight on its flagship product, IMMUNE X-TPRM, as a beacon of hope identifying and neutralising unknown and foreign elements – a metaphor for the SaaS platform’s advanced capabilities in facilitating the timely detection and mitigation of potential threats and risks.
Are you keen on ecosystem risk management? We would love to share how our customers approached this journey and why they adopted IMMUNE X-TPRM.
If you’d prefer to have an in-person chat, visit Responsible Cyber’s E-zone on the Tech Week Singapore app and we’ll schedule time for a chat.
About Responsible Cyber
Responsible Cyber Pte. Ltd is a Singapore-based cyber security and risk management start-up established in 2016 by industry veterans Magda Chelly and Mikko Laaksonen. Today, the company has a presence in the UK, France and Poland. Its corporate shareholders include Singtel Innov8 and NUS Enterprise. The company stands at the forefront of cyber security innovation with the introduction of two pioneering AI-powered products: IMMUNE X-TPRM and IMMUNE GRC.
IMMUNE X-TPRM is our answer to modern third-party risk management challenges. On the other hand, IMMUNE GRC is designed to streamline governance, risk, and compliance processes.
To learn more about Responsible Cyber, visit www.responsible-cyber.com
Media Contact
Wen Sin LIM
in**@***************er.com
by Ferry Bayu | Sep 5, 2023 | Business
GRAB-LED DIGIBANK GXBANK BECOMES FIRST TO GET MALAYSIA CENTRAL BANK’S APPROVAL TO COMMENCE OPERATIONS
The Grab-led digital bank, GX Bank Bhd (GXBank), is the first of the five digital bank licence applicants to receive the approval to commence operations from the Minister of Finance and Bank Negara Malaysia (BNM) ahead of the April 2024 deadline set by BNM.
GXBank has completed an operational readiness review and has been approved to commence operations effective Sept 1, 2023, the bank said in a statement on Tuesday.
GXBank will leverage technology and innovation to serve the needs of the unserved and underserved individuals, and micro and small medium enterprises (MSME). Additionally, the digital-only bank will support customers’ needs through various channels including a bank app and 24/7 customer support via multiple platforms, it added.
The lack of access to financial services and its consequences in particular to the unserved and underserved segments and MSME is not new. The longstanding complexity of financial access, coupled with the unprecedented events over the last few years, have eroded financial buffers for individuals, households and businesses, the bank noted. Since the pandemic, 55 percent of Malaysians’ household income has decreased dramatically, with almost 50 percent now claiming to have difficulty raising at least MYR1,000 ($214.49) as emergency funds.
GXBank, with more than 95 percent Malaysian employees from both the technology and finance sectors, is led by Pei Si Lai, who brings with her over 25 years of extensive experience in consumer and commercial banking. The more than 200-strong team share the same conviction that combining today’s technology and finance expertise will provide the platform to empower local communities and businesses to be financially resilient.
“At GXBank, we are driven by our shared purpose and passion to bring positive transformation to the financial industry, starting with solutions to address the financial struggles of Malaysians and businesses. We are thankful for BNM’s guidance, support and trust in us to offer financial solutions and help the unserved and underserved communities achieve their dreams and better quality of life. Standing on Grab’s legacy of innovative tech and economic inclusion, we hope to redefine banking and reshape Malaysia’s financial landscape. Our collaboration with consortium partners such as Kuok Group and other industry players will enable us to work hand in hand, leveraging our respective ecosystems to nurture a resilient and financially inclusive Malaysia, where no one is left behind,” said Pei Si Lai, CEO, GX Bank Bhd.
Supporting GXBank is the newly appointed Board of Directors, spearheaded by Zaiton Mohd Hassan. She brings with her more than 30 years of experience in banking, audit, risk management and focus on governance and financial inclusion. Her previous roles in a variety of non-profit organisations and local banks reflects her deep passion to build and promote sustainable growth for the financially underserved.
Zaiton shared that the board is excited to be part of GXBank’s journey to drive real change and the reinvention of Malaysia’s financial sector. “We are at the forefront of the region’s fast evolving fintech landscape. With the collective strength of all our partners and digital banks in Singapore and Indonesia, GXBank is poised to offer equitable access to an innovative and transformational banking experience. We hope this will enable moreMalaysians to be financially independent, creating a better future for themselves, their families and the country,” said Zaiton.
With the commencement of operations, the bank will begin beta-testing its app – starting with its employees from GXBank, Grab and Kuok Group – and progressively roll out to a wider pool of users. This will enable GXBank to continuously receive feedback and refine the user experience before launching to the broader public.
GXBank is a subsidiary of GXS Bank Pte. Ltd., – the digital bank joint venture between Grab Holdings Ltd and Singapore Telecommunications Ltd (Singtel) – and a consortium of other Malaysian investors, including Kuok Group, founded by Malaysia’s richest tycoon Robert Kuok.
In Singapore, GXS Bank, which is backed by a consortium consisting of Grab Holdings (Grab) and Singtel, has launched Singapore’s first digital bank for consumers and businesses in August last year.
Banking made better
At GXS, we are a digital bank on a mission to make banking better for Singapore’s everyday consumers and small businesses.
(+65) 3105 2055
he**@*****om.sg
by Ferry Bayu | Sep 5, 2023 | Business
BGC Group names Jarrod Reidy as Director: HR Outsourcing Alongside Enhanced EOR Services for the Asia Pacific Region
[Singapore, 05/09/2023] — BGC Group, a pioneering force in
the Recruitment & HR industry, proudly unveils two significant milestones
that are set to redefine its influence across the Asia Pacific Region.
Meet Jarrod Reidy: Driving HR Outsourcing
Excellence
BGC Group is thrilled to welcome Mr. Jarrod Reidy as the
Director of HR Outsourcing in APAC. With over a decade of experience, Mr. Reidy
has expertly guided international clients through the complexities of HR and
compliance landscapes across multiple countries. This aligns perfectly with BGC
Group’s commitment to delivering people-first solutions, supported by
technology.
Tristan Chew, CEO of BGC Group, emphasized the significance
of the appointment, stating, “Mr. Jarrod Reidy’s selection as the Director
of HR Outsourcing is a strategic move for our organization. His understanding
and experience in the region will undoubtedly elevate our HR outsourcing
initiatives and empower our clients to thrive in the ever-evolving HR landscape.”
In his new role, Mr. Reidy will be instrumental in
overseeing operations, fostering partnerships, driving sales, and shaping
marketing activities.
Enhanced EOR Services for the
Asia Pacific Region
In tandem with this leadership
addition, BGC Group unveils its elevated Employer of Record (EOR) services,
designed to support businesses expanding into the dynamic Asia Pacific Region.
Expanding into new markets, through
the establishment and maintenance of legal entities in each location, involves
risks, uncertainties, as well as significant time and cost, as businesses
navigate unfamiliar local regulations and compliance complexities.
BGC Group’s EOR solution streamlines
this process by utilizing its existing infrastructure and entities, serving as
the legal employer of workers, and managing all compliance, HR, payroll, benefits,
and administration tasks for clients.
“Our
EOR services provide businesses with an innovative expansion approach,”
confirmed Mr. Reidy. “Now covering 14 countries across APAC, we offer a
comprehensive turnkey solution, enabling organizations to go global whilst concentrating
on their core objectives.”
As BGC Group expands its
horizons with EOR services, it offers opportunities for businesses to navigate
new landscapes, access top talent, enable remote work, and drive strategic
growth without geographic limitations.
For further information or media inquiries, please contact: eo*@***************up.com.
BGC Group is a leading Recruitment, Employer of Record (EOR), HR & Payroll Outsourcing firm. Since our establishment in 2005, our highly experienced team has been at the forefront of providing hiring and compliance services.
by Ferry Bayu | Sep 5, 2023 | Business
Certificate awarded to Responsible Cyber upon successful fulfilment of the criteria of the CSA Cyber Security Essentials Mark assessment
For many Small and Medium Enterprises (SMEs), limited budget and resources make purchasing a suite of next-gen cyber security tools (as large enterprises typically do) a luxury.
What SMEs can have in their arsenal, however, is a cost-effective baseline of security measures, outlined in a straightforward and proven framework, which they can readily implement to deter opportunistic cyber criminals with fairly basic equipment and not a whole lot of technical skills.
This is where the Cyber Essentials mark comes into play.
SINGAPORE, September 4 — Singaporean cyber security
start-up Responsible Cyber signed itself up for a cyber security audit that
would grant a third-party the information it needs to ascertain whether the organisation
is indeed equipped to protect itself (and therefore its clients, and its
clients’ clients) in the digital domain.
When asked why they did it, the co-founder
and Managing Director Dr Magda Chelly had this to say, “We cannot in good
conscience encourage other businesses to undertake rigorous cyber security
audits while not subjecting our own people, processes and technology to the
same scrutiny.”
“We wanted to demonstrate that adopting
cyber security best practices can be done without necessarily breaking the bank
or stretching resources thin, and I think we did just that.” she added.
Upon successfully passing the audit conducted
by one of CSA’s appointed certification bodies, Responsible Cyber was awarded the
Cyber Essentials mark, a cyber security certification introduced by the Cyber
Security Agency of Singapore (CSA) in 2022 as part of the SG Cyber Safe
Programme.
Frequent news of data breaches has fuelled
apprehension surrounding the security of personal data, prompting the demand
for heightened cyber security measures by businesses – and small and medium
enterprises (SMEs) are no exception.
SMEs may not have the luxury of a dedicated
IT security team, nor the ability to invest in robust cyber security measures
and tools, but there is hope yet, says Project and Compliance Manager Wayne Yan
who described the exercise as “fairly straightforward with ample guidance”.
“We reviewed our existing policies against the checklist that was
provided, and ensured that all required security controls were implemented and
reflected in our policies.”
For organisations that require additional
help, CSA has also made tailored cyber security toolkits freely available for
download on their official website.
As the name suggests, the Cyber Essentials
mark serves to distinguish organisations that have built a minimum level of
security into their operations. It provides a baseline from which organisations
can start to reduce their exposure to common cyber threats and vulnerabilities,
but it is far from a guarantee of protection against emerging threats.
“Safeguarding against threats is a
continuous journey, requiring constant vigilance and adaptation. We are
committed to the protection of the data with which we have been entrusted. We
hope that this sentiment gets reflected to our clients and that more cyber
security companies will take the opportunity to set the tone,” said Dr Chelly.
Every business – whether a small
organisation embarking on its digital journey or a large multi-national
corporation with digitalised business functions – needs to play its part.
Co-founder Mikko Laaksonen has added that they
would be gearing up for the Cyber Trust mark certification next, where
assessments will be even more rigorous, encompassing document review and
verification, as well as an evaluation of the implementation and effectiveness. — Responsible Cyber
Responsible Cyber Pte. Ltd is a Singapore-based cybersecurity and risk management start-up established in 2016 by industry veterans Magda Chelly and Mikko Laaksonen. Today, the company has a presence in the UK, France and Poland. Its corporate shareholders include Singtel Innov8 and NUS Enterprise. The company stands at the forefront of cyber security innovation with the introduction of two pioneering AI-powered products: IMMUNE X-TPRM and IMMUNE GRC.
IMMUNE X-TPRM is our answer to modern third-party risk management challenges. On the other hand, IMMUNE GRC is designed to streamline governance, risk, and compliance processes.
To learn more about Responsible Cyber, visit www.responsible-cyber.com
Magda Chelly
in**@***************er.com
by Ferry Bayu | Sep 5, 2023 | Business
NewJeans, Le Sserafim heading to the Philippines for 2023 Asia Artist Awards
MANILA, Philippines — K-pop girl groups NewJeans and Le Sserafim are included in the first line-up of artists attending the 2023 Asia Artist Awards (AAA) to be held in the Philippines this December.
It was announced earlier this week that the 2023 edition of the AAA would be held on December 14 at the Philippine Arena, just the third time the annual ceremony will be held outside of South Korea since starting in 2016 and the first in the Philippines.
Also in the first line-up of artists with NewJeans and Le Sserafim are fellow girl group NMIXX and the boy groups BOYNEXTDOOR and Zerobaseone, all of them from K-pop’s 4th generation though the boy groups are being pegged as the start of the 5th generation.
Last year, NewJeans won the Grand Prize for Performance of the Year while Le Sserafim was a winner for Best Musician; both groups also won the Rookie of the Year Award in the music category.
NMIXX also won two awards at the AAA last year held in Nagoya, Japan both in the music category as well, Best Emotive Award and the New Wave Award.
The AAA is organized by South Korean business newspaper Money Today and its global media brands MTN and StarNews, recognizing Asian artists from the fields of film, television and music.
Earlier this year, AAA 2022 winners Kim Seon-ho, Hwang Minhyun, Lee Jun-young and Kim Young-dae performed at the “Male God” concert which serves as a precursor to the AAA.
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