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At the inaugural Huawei Cloud Spark Hackathon Singapore 2022 final event last Friday, 10 teams pitched innovative products to a panel of judges, addressing five emerging trends in Education, Hospitality & Travel Service, Eco & Sustainability, Finance & Banking, and Health Tech. This year’s hackathon, which opened on November 15, 2021, had over 190 teams from.
“Another challenge faced by SMEs is the resources and budgets needed to mitigate these cyber risks. They need to allocate a percentage of their budget for cybersecurity. Given deeply the digital landscape depends on IT, no less than 10% of the IT budget should be spent on cybersecurity. SMEs should also look at various vendors which are trust marked and investigate whether these trusted vendors have the competencies to deal with both data protection and cybersecurity protection, and have the features needed by these vendors.” said Mr Yong.