30 July 2020

Group-IB receives funding from CSA to develop a cyber investigation solution for Singapore

Group-IB, a global threat hunting and intelligence company headquartered in Singapore, has been awarded a grant under the Cyber Security Agency of Singapore’s Cybersecurity Industry Call for Innovation powered by TNB Ventures. Group-IB will tap on the government funding to complete the development of its AI-driven cyber investigation solution uncovering hidden connections to dismantle cybercriminal underworld.

After a series of pitching and project evaluation rounds carried out by CSA and TNB representatives as well as the end-users from Singapore’s private and public sector, Group-IB was named one of the 9 innovative awardees selected out of 87 submissions.

The solution that is being developed addresses critical cybersecurity challenges in detecting and predicting cyber threats from a myriad of sources, including discussions in the DarkWeb, correlating them with threat actors to establish their alleged identities. The solution is intended to help law enforcement (LE) officers, police cybercrime investigators, threat intelligence and DFIR specialists as well as SOC analysts. The solution, powered by Group-IB’s proprietary cyber threat intelligence data collected throughout 17 years of incident response and investigations, will speed up cybercrime investigation process, shorten the time for assessing the severity of cyber threats, and will allow the prevention at early stages.

Group-IB is going to develop the solution on the premises of its Global HQ in Singapore. All intellectual property rights by way of patents and trademarks, associated with the project, will be registered and managed in Singapore. The project will be led by a team from Group-IB who has prior first-hand experience in the most complex incident response engagements and successful cyber investigations around the world.

As cybersecurity professionals, we would like to highlight what an important milestone this is for Group-IB. Thanks to this grant, we’ll be able to finalize our solution designed to help local government agencies and private companies with an assessment and insights into the imminent cyber threats, attribution, and early-stage prevention of cyberattacks. The collaboration between private cybersecurity companies and the government is essential in strengthening Singapore’s cybersecurity posture and we are honored to receive support from CSA which plays a critical role in providing opportunities for cybersecurity companies to develop innovative solutions that address the cybersecurity challenges of key sectors in Singapore. Group-IB is strategically positioned for Singapore to leverage its technology in hailing a new era of cyber preparedness and the hunt for advanced cyber threats.

Shafique Dawood

Shafique Dawood

Head of Sales and Business Development APAC

 

About the Cybersecurity Industry Call for Innovation

The Cyber Security Agency of Singapore (CSA) and partner, TNB Ventures, launched the 2019 Cybersecurity Industry Call for Innovation on 2 October 2019, inviting cybersecurity companies to develop innovative solutions to address specific cybersecurity challenges.

The Cybersecurity Industry Call for Innovation 2019 is done in collaboration with 10 participating organisations – CSA, Integrated Health Information Systems (IHIS), Jurong Town Corporation (JTC), Keppel Data Centre REIT, Ministry of Defence (MINDEF), Ministry of Health (MOH), PacificLight Power, PSA Corporation Limited, Senoko Energy and YTL PowerSeraya. This initiative consolidated and articulated the cybersecurity needs of these organisations into challenge statements that cybersecurity companies are invited to address through innovative solutions. Through this, CSA aims to strengthen the partners’ cyber resilience and at the same time provide opportunities for cybersecurity companies to catalyse cutting-edge solutions in Singapore for commercial adoption.

Group-IB is one of the leading providers of solutions dedicated to detecting and preventing cyberattacks, identifying online fraud, investigation of high-tech crimes and intellectual property protection, headquartered in Singapore. The company’s threat intelligence and research centers are located in the Middle East (Dubai), the Asia-Pacific (Singapore), Europe (Amsterdam), and Russia (Moscow).

Group-IB’s Threat Intelligence & Attribution system has been named one of the best in class by Gartner, Forrester, and IDC. Group-IB’s Threat Hunting Framework (earlier known as TDS) intended for the proactive search and the protection against complex and previously unknown cyberthreats has been recognized as one of the leaders in Network Detection and Response by the leading European analyst agency KuppingerCole Analysts AG, while Group-IB itself has been recognized as a Product Leader and Innovation Leader. Gartner identified Group-IB as a Representative Vendor in Online Fraud Detection for its Fraud Hunting Platform. In addition, Group-IB was granted Frost & Sullivan’s Innovation Excellence award for its Digital Risk Protection (DRP), an Al-driven platform for identifying and mitigating digital risks and counteracting brand impersonation attacks with the company’s patented technologies at its core.

Group-IB’s technological leadership and R&D capabilities are built on the company’s 18 years of hands-on experience in cybercrime investigations worldwide and 70,000 hours of cybersecurity incident response accumulated in our leading forensic laboratory, high-tech crime investigations department, and round-the-clock CERT-GIB. Group-IB is a partner of Europol.

Group-IB’s experience in threat hunting and cyber intelligence has been fused into an ecosystem of highly sophisticated software and hardware solutions designed to monitor, identify, and prevent cyberattacks. Group-IB’s mission is to fight high-tech crime while protecting our clients in cyberspace and helping them achieve their goals. To do so, we analyze cyber threats, develop our infrastructure to monitor them, respond to incidents, investigate complex high-tech crimes, and design unique technologies, solutions, and services to counteract adversaries.

Report an incident

Get 24/7 incident response assistance from our global team

APAC: +65 3159-3798
Europe: +31 20 226-90-90
EMA: +971 4 508 1605

Thank you for the inquiry! We will contact you soon.
Cookies

We use cookies on the website to make your browser experience more personal, convenient and secure. You may block or manage the use of cookies, however, in some cases they’re essential to make this site work properly. Learn more about cookies in Group-IB Privacy And Cookies Policy.

 
Report an incident