Introduction

The Cyber Trust mark, a cybersecurity certification, focuses on organizations deeply entrenched in digital business operations. It’s tailored for larger or highly digitalized entities facing elevated risk levels, necessitating investments in expertise and resources for robust IT infrastructure and system protection. Employing a risk-centric methodology, it helps these organizations comprehend their risk profiles and pinpoint essential cybersecurity measures for risk mitigation.

Understanding digitalised business operations

Digitalized business operations refer to the integration of digital technology into various aspects of a business to improve efficiency, productivity, and agility. This transformation involves leveraging digital tools, software, and platforms to streamline processes, enhance communication, and optimize decision-making. It encompasses a wide range of activities, such as using cloud-based services for storage and collaboration, implementing automation for repetitive tasks, adopting data analytics for insights, employing digital marketing strategies, and utilizing artificial intelligence or machine learning for various operations. Ultimately, digitalized business operations aim to modernize workflows and strategies to adapt to the digital age and stay competitive in the market.

The importance of good cybersecurity practices and measures

Good cybersecurity practices and measures are crucial for several reasons:

Protecting Sensitive Information: They help safeguard sensitive data such as personal information, financial records, and more from unauthorized access or theft.

Preventing Data Breaches: Cybersecurity measures can prevent data breaches that could lead to financial loss, reputational damage, and legal consequences for organizations.

Maintaining Trust: Strong cybersecurity builds trust among customers, investors, and stakeholders. When people feel their data is secure, they are more likely to engage with a company or platform.

Ensuring Business Continuity: Cyber threats like ransomware attacks can disrupt operations, causing downtime and financial losses. Strong security measures can minimize these risks, ensuring business continuity.

Compliance with Regulations: Many industries have regulations and standards for data protection. Implementing cybersecurity measures ensures compliance with these laws, avoiding penalties and fines.

Protection Against Evolving Threats: As technology advances, so do cyber threats. Regularly updated security measures help defend against new and evolving threats like malware, phishing, and social engineering attacks.

Preserving Reputation: A security breach can severely damage an organization’s reputation. Implementing robust cybersecurity practices helps maintain a positive image and trust in the eyes of customers, investors, and stakeholders.

Why should my organisation apply Cyber Trust Mark?

• Signifies a mark of distinction to recognise organisations as trusted partners with robust cybersecurity.
• Provides a pathway to international cybersecurity standards (e.g. ISO/IEC 27001).
• Provides a guided approach for your organisation to assess cybersecurity risks and preparedness.
• Takes on a risk-based approach to meet your organisation’s needs without over-investing.

Which tier of Cybersecurity Preparedness does my organisation belong to?

The cybersecurity preparedness domains are organised in five (5) tiers, with 10 to 22 domains under each tier, to cater to the varying sizes, profiles and business needs of enterprises:

• Supporter
• Practitioner
• Promoter
• Performer
• Advocate

CERTIFICATION FEE & FUNDING SUPPORT (GRANT) AVAILABLE

The maximum level of funding support from CSA is capped as per Table 1 above, and the actual disbursement will be based on the respective level of funding support indicated and the actual certification fees, whichever is lower. For more information on the grant, please visit the CSA website here. https://www.csa.gov.sg/our-programmes/support-for-enterprises/sg-cyber-safe-programme/cybersecurity-certification-scheme-for-organisation/cyber-trust

To know more about Cyber Trust Mark, please visit: https://gicgrp.com/sg/cyber-trust-mark/