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Cybercrime in a Digital age – Understanding your risks
by Mr Thio Tse Gan


Mr Thio Tse Gan
Executive Director,
Southeast Asia Cyber Risk Services Leader

DATE 26th May 2017, Friday
VENUE SIS Seminar Room 2-4
School of Information Systems
Singapore Management University
80 Stamford Road Singapore 178902
5.00pm to 6.30pm
(Presentation and Q&A by Mr Thio Tse Gan)


Cybercrime in a Digital age – Understanding your risks

Cybercrime have globalised exponentially into a $450 billion global industry with a projected trajectory of $6 trillion by 2021. The growth of cybercrime has been exacerbated by Cybercrime-as-a-Service (CaaS), which have exploded into the market and the fastest growing segment is now Ransomware-as-a-Service (RaaS). RaaS is simply a customisable toolkit sold for a small price that earns the cyber attacker his ransom and the malware authors a royalty for every toolkit sold - starting anywhere from 5% to 30% of the collected ransom.

Cybercrime is now an evolved industry with sophisticated networks of cybercriminals and organised cybercrime organisations using established business models like the distribution model used for RaaS to compromise and empty the coffers of any organisation with a vulnerability. It also shows no signs of stopping, with the World Economic Forum ranking ‘Massive incident of data fraud/theft’ as a top 5 Global Risk in its Global Risk Report 2017. Organisations and individuals are at risk if risk exposures or vulnerabilities are not identified appropriately and addressed in a timely manner.

In this session, the speaker will cover:

  1. the cyber threat landscape and
  2. the hottest tech trends and its cyber risk implications,
  3. growing cyber legislations and the borderless nature of cyber
  4. strategic steps to address cyber risks

About the Speaker

Mr Thio Tse Gan

Tse Gan is an Executive Director with the Cyber Risk Services – Risk Advisory practice of Deloitte. He is the practice lead for Cyber Risk Services in Deloitte South East Asia and has established the Cyber Intelligence Center (also known as Cyber Security Operations Center “CyberSOC”) in Singapore and Malaysia.

In his role, Tse Gan is responsible for managing operational risk, information security and risk management solutions engagements and has more than fifteen years of technology support, technology risk and security consulting, internal/external audit and operational risk management experience.

With almost 20 years of experience, Tse Gan has also worked with big organisations on technology risks and cyber security risks.

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