Group-IB has become the first Singapore-based cybersecurity company to join Global Resilience Federation in protecting Singapore and therefore all GRF member states.
Business needs to proactively respond to a steadily increasing number of destructive state-sponsored cyberthreats faced by Operational Technology (OT) and Critical Information Infrastructure (CII) organizations around the world.
In this vein, Group-IB, a Singapore-based cybersecurity company that specializes in preventing cyberattacks, has partnered with the Global Resilience Federation to help strengthen the resilience of information sharing communities and member companies in Singapore and globally.
The agreement was signed by Ilya Sachkov, Group-IB CEO & founder, and GRF Vice President Cynthia Camacho, at CyberCrimeCom 2019 in Singapore.
Fostering global resilience to cyberthreats
GRF is a non-profit hub that builds, operates and connects security information sharing communities, such as Operational Technology Information Sharing and Analysis Center (OT-ISAC) which launched in October 2019 to support the Cyber Security Agency of Singapore (CSA) OT Masterplan.
The OT-ISAC provides analysis and a platform which support information sharing, providing better detection, prevention and mitigation of cyberattacks. The greater GRF network allows for cross-sector cyber intelligence exchange in an effort to improve security for sharing communities and member-companies operating around the world. Group-IB is the first Singapore-based cybersecurity company to join GRF’s partner program.
The GRF’s OT-ISAC is a unique community, which allows for secure information sharing with CIIs on constantly evolving cyberthreats. We are honored to have a trusted role within the organization. It enables us to alert in real-time GRF members directly with critical threat information. I have complete confidence that Group-IB’s Threat Hunting and Intelligence technologies will help critical infrastructure organizations ensure resilient operations and, more importantly, safety of the public in Singapore and in other places.”
Said GRF President Mark Orsi: “Group-IB has well-respected intelligence analysis capabilities and we are glad to be partnering with them. Working with their team to provide advanced warnings and enriched reports is another force multiplier for members, particularly in the OT and CII sectors.”
Partnering for pervasive intelligence
According to Group-IB’s report “Hi-Tech Crime Trends 2019”, presented at CyberCrimeCon in Singapore, the number and complexity of state-sponsored hackers’ attacks has grown significantly: there are now at least 38 active Advanced Persistent Threats (APTs) in the world. These threat actors’ motivation goes far beyond financial gratification. They are tasked with espionage, sabotage, and destruction. Their main targets are CIIs: energy, water facilities, banks and other important functions that keep a city or even a whole country running.
Said Sachkov: “Cyber threat intelligence sharing is a backbone and bedrock for advancing cyberstability in the city-state and elsewhere. Cybercrime has no borders; cybersecurity must not have them either. This can only be guaranteed and maintained through close cross-sector collaboration and data exchange. And it is great to see the organizations like the CSA, the GRF and the GCSC promoting this approach.”
The new partnership allows GRF to tap Group-IB’s technologies for better protection against threats impacting members. GRF’s members also benefit from better understanding and visibility of advanced threat actors through cooperation with Group-IB’s Threat Hunting and Intelligence teams and analytics capabilities including malware analysis, monitoring of underground activity, and network analysis.
Additionally, for better detection and response, GRF and Group-IB analysts will work on joint threat research efforts to enhance knowledge of indicators of compromise and the constantly evolving TTPs (tactics, tools, and procedures) of attackers.