According to a poll by the Singapore Business Federation (SBF) in 2016, 60% of SMEs surveyed were highly exposed to cyber-attacks. Among the types of cyber-security attacks, phishing attempts and ransomware were found to be the favourite methods employed by hackers. The Cyber Security Agency of Singapore (CSA) also asserted that almost 40% of cyber-attacks in Singapore target SMEs. With SMEs as the backbone of Singapore’s economy, making up close to 99% of Singapore’s registered companies – it is increasingly crucial for start-ups and SMEs to invest in cyber-security solutions.
However, smaller companies make for easy targets as they often lack the resources, expertise and technical capability to defend themselves against illegal online intrusions. A common pain point is the inaccessibility to costly enterprise systems, resulting in less sophisticated technologies and insufficient staff training. With the worrying prevalence of cyber threats looming over SMEs, a player in the market is out to fight for the little guys. Connectivity Global (CG) is a local joint venture between a team of Singapore cybersecurity experts and Korean cyber security company Kiwontech – and they just launched Receive Guard, the world’s first AI-enabled email security system on cloud, in partnership with Microsoft.
With e-mail being such an established tool for communication among businesses and reaching all levels of employment, hackers can easily access confidential information or install ransomware in companies’ servers through unsuspecting employees. Companies have had their entire systems compromised, simply because their receptionist clicked on a malicious link or one of their interns’ emails was hacked – these are all valid threats to companies big or small. Previously, such solutions were only available to big corporations due to high costs of installation, but by making Receive Guard available via Microsoft’s cloud platform as a complement to Office 365 Advanced Threat Protection (ATP) , smaller companies will be able to afford e-mail security systems through a subscription model – much like a Netflix for cyber-security.
With several unique features such as AI-enabled machine learning and multiple Virtual Areas (VA), Receive Guard is able to block yet-to-be-identified viruses received in inboxes, even falsified emails that other email security platforms are unable to detect. Other interesting functions include converting suspicious e-mails into image files to prevent accidental clicking as well as opening suspicious links in the Virtual Safe Areas (which like a sandbox) to test how it behaves to determine the level of threat.
About Connectivity Global Pte. Ltd.
Incorporated in 2018, Connectivity Global is a Singaporean technology firm specializing in cutting-edge email security services. A team of local experts with more than 15 years of experience in cyber security formed Connectivity Global as a joint venture with renowned Korean cyber security company KIWONTECH, in order to focus on the international market.
The company has been proving itself to be a leader in the cyber security field with their Integrated Email Security Management Solution, which has proven to be superior over current solutions available in the market. Connectivity Global will be offering their hero products, Receive Guard and Cube, on cloud and on-premises solutions to protect business emails from cyber-attacks and scammers. These services are suitable for all types of firms, including government agencies, multi-national companies and small medium enterprises.