The Singapore’s first cybersecurity-focused accelerator is Innovation Cybersecurity Ecosystem at Block 71 (ICE71), located at Block 71 Ayer Rajah Crescent. ICE71 is set up by the Infocommunications Media Development Authority (IMDA) and the Cyber Security Agency (CSA), in partnership with private sector entities like the National University of Singapore (NUS) and Singtel’s Innov8 venture capital fund.
ICE71 is the first cybersecurity-focused accelerator in Singapore，which aims to support both local and foreign cybersecurity startups, helping them “finetune” their products for global markets. The accelerator will offer three programs to startups and will be launched in April.
Now, the cybersecurity startups are distributed in various fields, mainly focusing on IoT/IoT Security, threat intelligence, networking & endpoint security, mobile security, cloud security and so on.
Cybersecurity is increasingly gaining attention all around the world. With the technology developed, the capabilities of attackers to carry out complex actions are increasing, which drives to a bigger market of cybersecurity and expenses. China, U.S. and South Korea suffer the most attacks.
According to Chinese official data, proportion of people effected by security breaches is declining. However, the damage are increasing.
（2）For the company : The cyber protect awareness are awake for the bitter pain.
Once been attacked，the bigger company will swallow the bitter pill. The average financial losses incurred as a result of one cyber-attack are listed. For the large companies with revenue greater than $1 billion, the financial loss can reach to $5.9 million. To avoid the unbearable pain in the attack, companies are actively participating in cybersecurity. For example, Alphabet, which own star firms like Google、Youtube, set its cybersecurity subcompany Chronicle in 2018.
4.The supports of the cybersecurity
Investment in cybersecurity has been increased from $980M in 2012 to around 5000$M in 2017.Growth is more than 5 times. Deal activity has increased steadily since 2012, with 2016 seeing a high of 428 deals, despite a small 6% drop in funding (down from a record $3.8B in 2015).
Cybersecurity deals focused on series A, series B, series C and series E+. These series taked account for over 60%.
According to Bloomberg BNA, 2017 was the Year of the Data Breach. Major institutions and organizations suffered from damaging hack attacks and data leaks. About 350,000 IT positions that require cybersecurity knowledge and skills remain currently unfilled.
The cybersecurity workforce gap is expected to hit 1.8 million globally by 2022.In China, this number has reached to 700,000 according to Zhou HongYi, the CEO of 360 technology.
Critical demands are required in the cybersecutity market.Such as Cyber security is connected with the national security, especially in the circumstance of high-frequency attacks. The talent system is facing extremely serious shortage problems.The lack of workforce limits the development of cybersecurity. This problem can not be solved by AI, which means the recruitments and the education considered to be balanced.
