Start Singapore: CounterTack to open centre here

CounterTack to open centre here

American cyber security firm CounterTack is opening a development centre in Singapore to study the behavioural patterns of malicious software and online attack techniques.

No other details on the centre were disclosed.

CounterTack was founded in 2007 and has raised US$50 million, including from the venture arm of the Economic Development Board, EDBi.

Its technology monitors cyber culprits from within a PC or laptop, a technique known as endpoint security.

"We can pick up malicious behaviour in 90 seconds. Then we track the virus to see what it is doing before suggesting the best counter-attack," said chief executive Neil Creighton.

EDBi chief executive Chu Swee Yeok said CounterTack's presence here puts it in a strong position to seize new market opportunities in Asia by leveraging on EDBi's connections.


Coconuts Media moves office from Bangkok

A new online regional news, lifestyle and entertainment media portal called Coconuts Media has moved its office from Bangkok to Singapore.

The portal, which covers eight cities, including Jakarta, Bali, Hong Kong, Yangon and Singapore, is aimed at the young, employed and tech savvy who want to read stories with a humorous twist.

Founder and former journalist Byron Perry moved to Singapore because this is where the advertising budgets are decided for South-east Asia.

The three-year-old start-up gets its main revenue from online advertising.

While Singapore has a crowded online news and lifestyle media, "it's certainly not in, say, Jakarta, and even less so in Yangon, where we just launched", Mr Perry said.

Coconuts Media has over four million visits a month with 20,000 to 30,000 views per video on its YouTube channel, Coconuts TV. It has about 40 employees in the region.


Hackathon to help women financially

Developers itching to do good can join the United We Hack hackathon starting on Aug 15.

The challenge is to find ways to benefit women financially. These could include looking at issues such as financial literacy and crime and abuse reporting.

Teams of up to five will be accepted for the 24-hour hacka- thon at Microsoft Singapore's office in Marina Boulevard.

Details at unitedwehack.com.

A version of this article appeared in the print edition of The Straits Times on August 06, 2015, with the headline 'StartSingapore'. Print Edition | Subscribe