Singapore inks pact with Finland to mutually recognize IoT security labels
Singapore and Finland have inked an agreement to mutually recognize each country's cybersecurity labels for Internet of Things (IoT) devices, aimed at helping consumers assess the level of security in such products. Touting it as the first of such bilateral recognition, Singapore says the partnership aims to reduce the need for duplicated testing.
The global pandemic had accelerated the pace of digitalization as well as surfaced many uncertainties and challenges, driving governments and businesses to drive their digital transformation, said Singapore's Senior Minister of State for the Ministry of Communications and Information, Janil Puthucheary.
Dependence on IoT had increased as nations looked to transform into smart cities, fueled by the need for connectivity and to tap data, said Puthucheary, who was speaking Wednesday at the Singapore International Cyber Week conference. He noted that the number of connected devices worldwide was projected to double to 50 billion devices in 2030, compared to 2018.