Singapore/Hong Kong, 14 November 2019 – KPMG in Singapore has won Best Solution in Cybersecurity in the 2nd Regulation Asia Awards for Excellence 2019 at a ceremony in Singapore on 13 November 2019.
Cybercrime and cybersecurity are increasingly large concerns for companies of all sizes, especially in the financial sector, given the increasingly sophisticated methods cybercriminals use, and the raft of new regulatory requirements aimed at protecting clients’ personal data. KPMG in Singapore has evolved its service offering to manage crises and incidents ranging from ransomware attack and fraudulent transactions to data breaches. KPMG has a team of over 150 in Singapore connected into a team of more than 600 cyber practitioners working in KPMG member firms across the wider Asia Pacific region.
The firm’s approach to cybersecurity investigation and remediation is grounded in a strong forensics-based foundation, which focuses on preserving evidence and recovering data in the shortest time possible. In relation to its cyber forensic investigations, KPMG in Singapore maintains experts on standby 24/7 to tackle any cyber breach that might occur and help firms resume normal business operations as quickly as possible with minimal disruption and damage.
Further, KPMG in Singapore augments its value proposition by enforcing the security of networks by seeking out indicators of compromise, highlighting areas of risks and concern, and raising those issues with firms to suggest processes and technologies to enhance network security.
In this regard, KPMG in Singapore offers services in IT infrastructure, penetration testing, risk assessment, third party governance and risk management, and dynamic threat detection, among other areas. It is also a big proponent of enhancing cyber training and preparedness at individual firms, having found in its usual incident response that 95% of the IT team has not encountered a cyberattack before.
In the 2018 Regulation Asia Awards, KPMG won the Consulting Firm of the Year award for its work in Singapore and Hong Kong, and was highly commended in the Regulatory Change Management category for developing GRC solutions for Taiwan banks.
About the Regulation Asia Awards for Excellence 2019
Regulation Asia Awards for Excellence recognises technology companies, legal and consulting firms, and exchanges that have shaped the regulatory landscape in Asia Pacific, as well as outstanding technology projects both in mature and emerging markets by large tech firms and innovative startups that help meet the requirements of a specific regulatory change infrastructure.
For a full list of award winners, visit www.regulationasia.com/awards.
About Regulation Asia
Regulation Asia is the leading source for actionable regulatory intelligence for Asia Pacific markets. Since 2013, our audience and subscription base have grown to include regulatory bodies, exchanges, banks, asset managers and service providers, allowing us to play a key role in the regulatory agenda.
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