Singapore launches $5.6 million funding to develop solutions to cybersecurity challenges
As adoption of new technologies grows at a faster pace in everyday life and businesses, the cybersecurity solutions that protect us today may not be enough for tomorrow's challenge, said Minister of State for Digital Development and Information Rahayu Mahzam."We therefore need to continually innovate by developing new approaches and capabilities to keep pace with emerging threats," the minister of state said in her opening address at the CyberSG Innovation Day 2026 on Tuesday (Nov 10), where 13 cybersecurity companies were announced as recipients of approximately $5.6 million in funding under CyberCall 2025 as part of efforts by the Cyber Security Agency of Singapore (CSA) to develop capabilities required for long-term national cyber resilience.Earlier in her address, she pointed to recent incidents in Europe, where hackers had targeted the refrigeration systems of supermarkets.