Singapore Police Force honors Group-IB for cooperation in combating cyber threats

Group-IB, a leading creator of cybersecurity technologies to investigate, prevent, and fight digital crime, has received prestigious recognition from the Singapore Police Force (SPF) for its contributions to the continued battle against cyber threats for the second consecutive year. The accolade was awarded during the 10th edition of the networking dinner for the Alliance of Public Private Cybercrime sTakeholders (APPACT) that took place on October 4th, 2023. The award underscores the vital role that private sector cybersecurity partners, like Group-IB play in combatting cybercrime rates in Singapore. APPACT is a dedicated public-private industry platform established by the Singapore Police Force CyberCrime Command (CCC).

Figure. 1. Mr. How Kwang Hwee, Deputy Commissioner of Police (Investigation & Intelligence) & Wei See Wong, Group-IB’s Head of Business Development

Scams have become an escalating concern in Singapore over recent years, and the numbers have continued to surge. In 2022, the number of scam cases increased by 32.6% compared to the previous year, amounting to losses totaling to SGD 660.7 million, according to the SPF. In the first half of 2023, SPF recorded a 2.2% reduction in monetary losses from reported scams from the same period last year, which amounted to about SGD 334.5 million. SPF attributes this improvement to a concerted effort, bolstered by partnerships with private and public entities.

The recognition by SPF is a testament to Group-IB’s commitment to advancing Singapore’s digital safety. The accolade cites Group-IB’s collaboration with SPF in terms of training, knowledge sharing, and investigative cooperation. Group-IB’s Head of the Cyber Investigation team in the Asia-Pacific region, Vesta Matveeva, conducted a one-week attachment program for SPF investigation officers, providing invaluable insights into investigative methodologies and cutting-edge technologies to expedite the investigations of digital crime. Group-IB also provided assistance to SPF using its Threat Intelligence Platform, which holds the industry’s broadest range of intelligence with 60 types of sources across 15 categories.

“The cybersecurity community has evolved, and SPF acknowledges the investigative and training support of cybersecurity partners like Group-IB who have played a pivotal role in combatting cybercrime.”

Mr. How Kwang Hwee

Deputy Commissioner of Police (Investigation & Intelligence)

“Group-IB remains committed to fighting against cybercrime in all its forms, a mission that strongly aligns with SPF’s vision. Through the exchange of knowledge and cutting-edge technologies with law enforcement, we are dedicated to building a trusted and secure cyber environment right here in Singapore.”

Dmitry Volkov

Group-IB’s CEO

“Our alliance with the Singapore Police Force underscores the importance of public-private partnerships in the fight against cybercrime. We are proud to have contributed to SPF’s efforts in mitigating the impact of cyber threats and will continue to collaborate closely to enhance Singapore’s cybersecurity resilience.”

Wei See Wong

Group-IB’s Head of Business Development in the Asia-Pacific region

Additionally, Group-IB shared its expertise and insights during key industry events such as the ASEAN Plus Three Cybercrime Conference 2022, the 8th Senior Officer Roundtable on Cyber Crime 2022, and International Economic Crime Course 2023, reinforcing its dedication to building a united front against cyber adversaries.

About Group-IB

Founded in 2003 and headquartered in Singapore, Group-IB is a leading creator of cybersecurity technologies to investigate, prevent, and fight digital crime. Combating cybercrime is in the company’s DNA, shaping its technological capabilities to defend businesses, citizens, and support law enforcement operations.

Group-IB’s Digital Crime Resistance Centers (DCRCs) are located in the Middle East, Europe, Central Asia, and Asia-Pacific to help critically analyze and promptly mitigate regional and country-specific threats. These mission-critical units help Group-IB strengthen its contribution to global cybercrime prevention and continually expand its threat-hunting capabilities.

Group-IB’s decentralized and autonomous operational structure helps it offer tailored, comprehensive support services with a high level of expertise. We map and mitigate adversaries’ tactics in each region, delivering customized cybersecurity solutions tailored to risk profiles and requirements of various industries, including retail, healthcare, gambling, financial services, manufacturing, crypto, and more.

The company’s global security leaders work in synergy with some of the industry’s most advanced technologies to offer detection and response capabilities that eliminate cyber disruptions agilely.

Group-IB’s Unified Risk Platform (URP) underpins its conviction to build a secure and trusted cyber environment by utilizing intelligence-driven technology and agile expertise that completely detects and defends against all nuances of digital crime. The platform proactively protects organizations’ critical infrastructure from sophisticated attacks while continuously analyzing potentially dangerous behavior all over their network.

The comprehensive suite includes the world’s most trusted Threat Intelligence, The most complete Fraud Protection, AI-powered Digital Risk Protection, Multi-layered protection with Managed Extended Detection and Response (XDR), All-infrastructure Business Email Protection, and External Attack Surface Management.

Furthermore, Group-IB’s full-cycle incident response and investigation capabilities have consistently elevated industry standards. This includes the 77,000+ hours of cybersecurity incident response completed by our sector-leading DFIR Laboratory, more than 1,400 successful investigations completed by the High-Tech Crime Investigations Department, and round-the-clock efforts of CERT-GIB.

Time and again, its solutions and services have been revered by leading advisory and analyst agencies such as Aite Novarica, Gartner®, Forrester, Frost & Sullivan, KuppingerCole Analysts AG, and more.

Being an active partner in global investigations, Group-IB collaborates with international law enforcement organizations such as INTERPOL, EUROPOL and AFRIPOL to create a safer cyberspace. Group-IB is also a member of the Europol European Cybercrime Centre’s (EC3) Advisory Group on Internet Security, which was created to foster closer cooperation between Europol and its leading non-law enforcement partners.