Monitor this situation.
Unsubscribe anytime.
[SITUATION] · [QUIET] · [TECHNOLOGY]
2 clusters · 12 sources · 3 days · First seen · Last updated
Singapore digital economy and cybersecurity development
Overview
Singapore is pursuing a strategy to strengthen its digital economy by investing S$37 billion into research, innovation, and enterprise between April 2026 and March 2031. This initiative focuses on deep tech sectors, including robotics, satellite communications, quantum technology, and healthcare.
While the nation expands its digital footprint, the cybersecurity sector faces significant challenges. Despite the professional workforce growing to approximately 12,000 in 2022, a persistent talent gap remains. Demand for skilled professionals is projected to increase by 6% to 9% annually. This shortage is compounded by the need for specialists who can bridge technical expertise with business requirements, especially as 80% of organisations reported experiencing at least one cybersecurity incident within a year.
Entities
Singapore · National University of Singapore · A*STAR · Cyber Security Agency of Singapore · SIM Academy
Timeline
-
[TECHNOLOGY] 8 sourcesSingapore faces cybersecurity talent shortage despite workforce growth
Despite a threefold increase in cybersecurity professionals in Singapore since 2016, a significant talent gap persists as demand rises alongside increasing cyber threats.
-
[TECHNOLOGY] 4 sourcesSingapore expands digital economy through deep tech and cybersecurity
Singapore is investing S$37 billion in research and innovation to bolster its deep tech and cybersecurity sectors, supporting industries from quantum technology to financial services.
Sources
azul.io · bicolnewsonline.com · businessnewsthisweek.com · cybernoz.com · europeanbusinessmagazine.com · gisuser.com · keanemusic.com · newspatrolling.com · techgoondu.com · techround.co.uk · techsabado.com · thaipr.net