Government's plan to fix amount spent on cyber security welcome

GOVERNMENTS around the world are taking cyber security very seriously, given the nature of the threat and the potential harm that can come from a security breach. Singapore is no exception in this regard with its spending on cyber security having gone up manifold over the past few years. For example, it went up from S$29 million in fiscal 2013 to S$408.6 million in fiscal 2014.

But is this enough? Unfortunately there is no upper limit on how much money needs to be spent to ensure that the nation, its companies and institutions, as well as ordinary Singaporeans, remain safe from cyber attac…